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1231 Mountain Lake Road

1231 Mountain Lake Road, Dallas, TX 75224
House in Elmwood
Sold Jan 28, 2021
$354,400
Seller
$283,500 by Stearns Lending Llc
Mortgage Due Feb 01, 2051
Sold Jul 13, 2020
$172,500
$138,000 by Barbara D Nunneley
Mortgage Due Jan 08, 2021
1231 Mountain Lake Road in Dallas, TX was first built in 1940 and is 84 years old. Although, the building on the property was most recently renovated and altered in 1992. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1231 Mountain Lake Road has 1,430 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 7,319 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of materials that we aren't sure of. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 180 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as excellent. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. The property was last sold in Jan 26, 2021 for $354,400. That's $247.83 per sqft. Prior to that sales transaction, the property was also sold in Jul 8, 2020 for $172,500. 1231 Mountain Lake Road was last assessed in 2023. The total value of the property was assessed at $271,840. Specifically, the land the property is located on was valued at $65,000. While improvements on the property were assessed at a total of $206,840. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,824. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stone Exterior
Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Excellent
  • Construction Type: Frame
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 180
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,319
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,430
  • Building Area: 1,430
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,430
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ELMWOOD
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ELMWOOD BLK 12/4273 LT 23 INT202100027158 DD01262021 CO-DC 4273 012 02300 2004273 012

Ownership

  • Current Owner : CHENG BIN BIN
  • Previous Owner : OCCM INC
  • Owner Before Previous Owner: PHILLIPS JASON
  • Owner Before Previous Owner 2: PHILLIPS KENDRA

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 006302

Zoning

  • Zoning: Z298

Geography

  • Assessors Map Reference: 000003138190000
  • Account Number: 000003138190000
  • Parcel: 00-00031-381-900-0000
  • Block: 12/42
  • Lot: 23
  • Municipality: DALLAS
  • Latitude: 32.7216
  • Longitude: -96.8433

    Address

  • Full Address: 1231 Mountain Lake Rd
  • Address - House Number: 1231
  • Address - Street Name: Mountain Lake
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Dallas
  • Carrier Code: C031
  • 4-Digit Zip Code: 1729
  • Zip Code: 75224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,824
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 68
  • Final Value: 359,160
  • High Value: 441,547
  • Low Value: 276,773

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $283,500
  • First Open Lien Mortgage Lender: STEARNS LENDING LLC
  • First Open Lien Mortgage Recording Date: Jan 28, 2021
  • First Open Lien Mortgage Loan Amount: $283,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $271,840
  • Market Land Value: $65,000
  • Market Improvement Value: $206,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $271,840
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $206,840

    Sales

  • Current Sale Contract Date: Jan 26, 2021
  • Current Sale Recording Date: Jan 28, 2021
  • Current Sale Transaction ID: 11815830285
  • Current Sale Price: $354,400
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 202100027158
  • Previous Sale Recording Date: Jul 13, 2020
  • Previous Sale Contract Date: Jul 08, 2020
  • Previous Sale Amount: $172,500
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: STEARNS LENDING LLC
  • First Mortgage Transaction Date: Jan 28, 2021
  • First Mortgage Loan Amount: $283,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BARBARA D NUNNELEY
  • Previous Mortgage Transaction Date: Jul 13, 2020
  • Previous Mortgage Loan Amount: $138,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 08, 2021

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Frequently Asked Questions

What neighborhood is 1231 Mountain Lake Road located in?
The 1231 Mountain Lake Road is a house located in the neighborhood of Elmwood in Southwest Dallas, Dallas.
What is the average sales price for listings in 1231 Mountain Lake Road?
The average sales price for units in 1231 Mountain Lake Road is $0 currently.

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