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$524,000

559 Blanning Dr, Dallas, TX, 75218

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,472 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$355.98 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Convection Oven, Dishwasher, Electric Cooktop, Electric Oven, Disposal, Gas Water Heater, Plumbed For Gas
FlooringHardwood

Exterior

Exterior FeaturesStorage
Lot Size8,320 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000519457000000
Lot Number11
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES 5 BLK 10/6134 LT 11 INT201600219158 DD08052016 CO-DC 6134 010 01100 3DA6134 010
Census Tract012900
Assessed Land Value$374,400
Assessed Improvement Value$107,410
Assessment Year2025

About this property

Professional Photos to come! Welcome to 559 Blanning Drive, a beautifully refreshed cottage nestled in the heart of the sought-after White Rock neighborhood, where timeless charm, thoughtful updates, and an exceptional sense of community come together. This inviting 3-bedroom, 1-bath home offers a unique opportunity for both Builders and homeowners. For the builder or investor, the nearly 8,500-square-foot lot offers exciting potential for new construction in one of Old Lake Highlands most desirable locations. For the homeowner, the charming residence is being refreshed with new interior and some exterior paint. While the original hardwood flooring creates a warm and welcoming setting that is ready to enjoy. The thoughtfully equipped kitchen is plumbed for gas and features SS appliances, tumbled marble backsplash, LG convection oven and regular oven all in one with electric induction cooktop, Bosch dishwasher, providing modern functionality for everyday living and entertaining. Outdoors, the expansive backyard is thoughtfully landscaped with a nice sized deck & 2 sheds for extra storage. Ideally positioned within walking distance of the newly built Hexter Elementary School and White Rock Lake, this home puts some of Dallas’ best outdoor and cultural amenities right at your doorstep. Spend afternoons exploring the trails and open green spaces of Norbuck Park and Flag Pole Hill Park, enjoy concerts and family programming at the Bath House Cultural Center, or head to White Rock Lake for sailing, fishing, and time on the water. With easy access to downtown Dallas, this location offers the perfect blend of outdoor recreation, culture, and convenience. Whether you’re looking for a charming cottage to call home or a prime lot with future possibilities, 559 Blanning Drive offers an exceptional opportunity in one of Old Lake Highlands most beloved neighborhoods. Some upgrades - sewer line- electrical panel replaced and rerouted

Investor Tools

$155,882Estimated Mortgage Balance
$352,118Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,144 /month
Positive
Cash Flow Estimate:
$1,048 /month

Interested in this property?

Kelly Wassermann

Keller Williams Realty DPR

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$831/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,430
$481,810
2025
$374,400
$107,410
$481,810
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,430
$481,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$198,400
No
First
Aug 5, 2016
Sep 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,882
$352,118
69%
31%
$1,190/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,650/mo
$1,190/mo
+$460/mo
3.9%

City: Dallas

559 Blanning Dr | Property Details | No Agent List