Calling all income property investors! Great investment opportunity for the right investor located in the heart of Dallas. This full duplex is also ideal for a buyer who also wants to live in one unit and rent out the other unit. With over 40k in upgrades, this duplex is sure to impress anyone looking to live in either unit. Any discerning eye will be able to see the significant upgrades throughout both units to help attract premium rents and a highly desirable tenant living experience. Convenience is key. This property is located just minutes away from the Dallas Tollway, major retail, and dining. One unit is rented on a long-term basis with rent at $2500+ monthly and the other unit is furnished and rented on a shorter-term basis with a rent of $3300 monthly. Additionally, the furniture may also be purchased separately in the furnished unit. All offers will be considered. Please submit your offer in a timely manner for full consideration. Contact agent to schedule an appointment.
Property Details
Property Features
Property Information:
Year Built: 1977
Stories: 1
Listing Office:
Office Name: Paragon United Companies, LLC
Office Phone: (469) 879-8585
Listing Agent: Udi Umondak
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Laminate
Interior: High Speed Internet, Smart Home, Walk-In Closet(s), Wired for Sound
Caillet Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From Downtown Dallas: Take the ramp on the right for I-35E North 10.6 mi At Exit 439, head on the ramp right and follow signs for Royal Ln 0.2 mi Turn right onto Royal Ln toward Royal Ln 1.4 mi Arrive at Royal Ln 3148 Royal Ln, Dallas, TX 75229
Price Information
Listing Price Info
Price Summary:
List Price: $850,000
Tax Information:
Annual Amount: $6,352
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Dallas, TX.
Last updated on: 6/1/2024, 4:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,352
$316,290
2019
$7,327
$268,070
2018
$7,113
$249,990
2017
$5,158
$189,700
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,310
Per Month
Principal & Interest
$4,243
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,615
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Caillet Elementary School
3033 Merrell Rd
Distance between this listing and this school0.43 miles
Public District Grades PK-5
Middle School
4
/10
Marsh Middle School
3838 Crown Shore Dr
Distance between this listing and this school1.82 miles
Public District Grades 6-8
High School
2
/10
White High School
4505 Ridgeside Dr
Distance between this listing and this school2.86 miles
Public District Grades 9-12
Assigned Schools
5
/10
Caillet Elementary School
3033 Merrell Rd
Distance between this listing and this school0.43 miles
Public District Grades PK-5
Nearby Schools
2
/10
Marcus Elementary School
2911 Northaven Rd
Distance between this listing and this school0.79 miles
Public District Grades PK-5
6
/10
DeGolyer Elementary School
3453 Flair Dr
Distance between this listing and this school0.92 miles
Public District Grades PK-5
Assigned Schools
4
/10
Marsh Middle School
3838 Crown Shore Dr
Distance between this listing and this school1.82 miles
Public District Grades 6-8
Nearby Schools
3
/10
Medrano Middle School
9815 Brockbank Dr
Distance between this listing and this school1.53 miles
Public District Grades 6-8
5
/10
Field Middle School
13551 Dennis Ln
Distance between this listing and this school2.55 miles
Public District Grades 6-8
Assigned Schools
2
/10
White High School
4505 Ridgeside Dr
Distance between this listing and this school2.86 miles
Public District Grades 9-12
Nearby Schools
3
/10
Jefferson High School
4001 Walnut Hill Ln
Distance between this listing and this school1.89 miles
Public District Grades 9-12
9
/10
Early College High School
3939 Valley View Ln Bldg G
Distance between this listing and this school2.67 miles
The neighbors living near this home have an average income of $59,288. Most Dallas, TX residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 3148 Royal Ln in Dallas, TX and zip code 75229 in the Westhollow neighborhood. This home, which was built in 1977, sits on a 0.24 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $850,000.
Dallas, TX housing market in April 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. The number of homes for sale in Dallas, TX increased by 15.8% between March 2024 and April 2024. In April 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $249,000.
From Rocket Homes Real Estate and based on county public records data.