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$500,000

8651 Forest Hills Blvd, Dallas, TX, 75218

$638,387 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,022 Sq Ft
Year BuiltBuilt in 1940

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,855 sqft

Building Information

Year Built1940
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000368845000000
Lot Number18
SubdivisionLake
Land UseResidential
Legal DescriptionLAKE CREST BLK 3/5224 LT 18 FOREST HILLS BLVD INT202300234451 DD11152023 CO-DC 5224 003 01800 3005224 003
Census Tract008102
Assessed Land Value$350,000
Assessment Year2026

About this property

A rare opportunity to create something special in Little Forest Hills. This approximately 50 x 150 residential lot offers mature pecan trees, existing fencing and a custom storage building, with the added option to purchase the adjacent contemporary residence at 8655 Forest Hills Blvd. Purchase the lot independently as a future homesite, or combine both parcels to create approximately 100 feet of frontage and an unusually expansive property for the neighborhood. For a buyer purchasing both, the possibilities extend well beyond additional land. Preserve the lot as private green space, expand the yard and outdoor living areas, create gardens or recreation space, explore an expansion of the existing residence, or consider a separate future residence, subject to applicable zoning, permitting and building requirements. The mature trees provide additional privacy and shade to the neighboring home's pool and outdoor living areas, making the lot valuable both for its development potential and for the lifestyle it creates when paired with 8655 Forest Hills. Ideally located near White Rock Lake, the Dallas Arboretum, Casa Linda and the restaurants, shopping and distinctive character of East Dallas. ADJACENT RESIDENCE AT 8655 FOREST HILLS BLVD IS LISTED SEPARATELY. BUYERS MAY PURCHASE THE LOT ALONE OR INQUIRE ABOUT PURCHASING BOTH PARCELS TOGETHER.

Investor Tools

$359,711Estimated Mortgage Balance
$334,289Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$638,387
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,164 /month
Positive
Cash Flow Estimate:
$1,388 /month

Interested in this property?

Susan Georgeson

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$939/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,793
$350,000
2026
$350,000
N/A
$350,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,793
$350,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frank Campagna
Seller Carryback / Seller Financing / Seller Take-Back
$380,000
No
First
Nov 15, 2023
Dec 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,711
$334,289
48%
52%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,279/mo
$-199/mo
3.6%

City: Dallas

8651 Forest Hills Blvd | Property Details | No Agent List