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$775,000

612 Northlake Dr, Dallas, TX, 75218

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,585 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$488.96 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Convection Oven, Dishwasher, Disposal, Gas Range, Plumbed For Gas, Refrigerator, Vented Exhaust Fan, Wine Cooler
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Lighting, Rain Gutters
Lot Size10,039 sqft

Building Information

Year Built1947
Roof Type105
Garage Spaces1

Land Information

APN00000392953000000
Lot Number7
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES BLK 4/5401 LT 7 INT200900241124 DD08132009 CO-DC 5401 004 00700 3005401 004
Census Tract012900
Assessed Land Value$451,760
Assessed Improvement Value$165,590
Assessment Year2026

About this property

Fabulous remodeled home situated on a tree-canopied lot just under a quarter acre in coveted Old Lake Highlands, just blocks from White Rock Lake and zoned to exemplary Hexter Elementary! Picture-perfect curb appeal with beautiful landscaping and a charming fire pit sets the tone. A welcoming formal living room, currently used as a dining room, features a brick-surround fireplace and an abundance of natural light. The former third bedroom has been thoughtfully opened to create a flexible living or office space with French doors overlooking the oversized front yard and magnificent live oak—and could easily be enclosed to function as a third bedroom again. The beautifully remodeled chef’s kitchen opens to the second living area and features custom cabinetry, a farmhouse sink, high-end stainless steel appliances, wet bar, eat-in island and ample storage. The second living area, complete with a fully remodeled bath, opens through sliding doors to an incredible backyard oasis featuring a large covered patio, sparkling pool, manicured gardens, generous lawn, storage shed with doggie door and private sauna.Major improvements include HVAC replacement in 2021, plus extensive updates since 2022 including a full kitchen renovation, new windows, roof, pool pump, pool deck and sprinkler system. See Supplements for the complete list of improvements. A truly special Old Lake Highlands property in an incredible location—and a must-see!

Investor Tools

$286,436Estimated Mortgage Balance
$480,564Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

Interested in this property?

Kate Looney Walters

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,991
$617,350
2026
$451,760
$165,590
$617,350
No

Tax History

Year
Tax Paid
Assessed Value
2026
$5,991
$617,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$334,400
No
First
Jun 8, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,436
$480,564
62%
37%
$1,410/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,380/mo
$1,410/mo
+$970/mo
3.7%

City: Dallas

612 Northlake Dr | Property Details | No Agent List