See Home Value
$112,000 - $136,000
House - Off Market

3031 Reed Lane

Dallas, TX 75215
bedrooms
2 Beds
bathrooms
1 Bath
square feet
760 Sqft
Sold Jan 29, 2024
Transfer
Sold Dec 12, 2023
$212,800
$160,000 by Morris Jayson
Mortgage

About This Property

Welcome to your next great opportunity in the heart of So Dallas! This solid little gem has a proven rental history, offering a compelling opportunity to generate additional income. 2-bdrm, 1-bath home, will not need much to bring it to top of it's value. The roof is approx 8 yrs old. The property will require a new AC, which is offset by the home's overall affordability, especially considering the escalating prices of urban housing. In the bustling Dallas market, properties like this are rare finds. Several similar-sized houses in the vicinity have recently sold for just over $200k, but this one offers a unique opportunity to invest wisely while living or renting in a prime location. Proximity is key for the urban professional, just a short commute away from the city's business district. After work, immerse yourself in the city's vibrant nightlife, a plethora of restaurants, bars, & entertainment at your doorstep. Public transportation is easily accessible. Being sold as-is where-is.

The manager has listed the unit size as 760 square feet.
Unit Size
760Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$164
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1923

Price History

Date / Event Date Event Price
Apr 29, 2024 No longer available -
No longer available
Jan 26, 2024 In contract -
In contract
Jan 9, 2024 Price Decreased $124,900
↓ $5K (3.9%)
Price Decreased
Jan 3, 2024 Price Decreased $129,900
↓ $5K (3.7%)
Price Decreased
Dec 19, 2023 Listed $134,900
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 760
  • Building Area: 760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: Gas
  • Heated Square Feet: 760
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GREAT OAKS
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GREAT OAKS BLK D/1768 LT 17 INT201500027473 DD01282015 CO-DC 1768 000 01700 1001768 000

Ownership

  • Current Owner : ALVARENGA CESAR
  • Current Owner 2: ALVARENGA MARIANA
  • Previous Owner : C & C RESIDENTIAL PROPERTIES INC
  • Owner Before Previous Owner: CANNON-FINLEY GROUP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 020800

Zoning

  • Zoning: Z297

Geography

  • Assessors Map Reference: 000001745680000
  • Account Number: 000001745680000
  • Parcel: 00-00017-456-800-0000
  • Block: D/176
  • Lot: 17
  • Municipality: DALLAS
  • Latitude: 32.7616
  • Longitude: -96.7538

    Address

  • Full Address: 3031 Reed Ln
  • Address - House Number: 3031
  • Address - Street Name: Reed
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Dallas
  • Carrier Code: C017
  • 4-Digit Zip Code: 4337
  • Zip Code: 75215

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,494
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2097
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 188,227
  • High Value: 227,707
  • Low Value: 148,748

    Market Valuation

  • Market Total Value: $128,870
  • Market Land Value: $45,000
  • Market Improvement Value: $83,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,870
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $83,870

    Sales

  • Current Sale Contract Date: Jan 26, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Transaction ID: 11919821465
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17201
  • Previous Sale Recording Date: Dec 12, 2023
  • Previous Sale Contract Date: Dec 08, 2023
  • Previous Sale Amount: $212,800
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: MORRIS JAYSON
  • Previous Mortgage Transaction Date: Dec 12, 2023
  • Previous Mortgage Loan Amount: $160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
1,226 ft²
$120,000 May 30, 2022
$108,000 - $132,000 Aug 24, 2022
$90/mo
House
3 Beds
1 Bath
1,599 ft²
$110,000 Sep 4, 2020
$99,000 - $121,000 Dec 14, 2020
$282/mo
House
3 Beds
2 Baths
1,088 ft²
$115/ft²
$125,000 Dec 21, 2023
-
-
House
3 Beds
1 Bath
1,042 ft²
$134/ft²
$139,900 Jun 22, 2023
-
-
House
3 Beds
2 Baths
1,621 ft²
$77/ft²
$125,000 Dec 20, 2023
-
-
House
3 Beds
1 Bath
1,178 ft²
$85/ft²
$100,000 Dec 23, 2023
-
-
House
3 Beds
1 Bath
1,248 ft²
$104/ft²
$130,000 Aug 31, 2022
-
-
Land
Loft
-
-
$100,000 Nov 11, 2023
-
-

About Southeast Dallas


Similar Homes for Sale

Unit for sale at 3701 Frank Street, Dallas, TX 75210

$100,000

  • Land
3701 Frank Street, Dallas, TX 75210 Listing by Gilbert Santana
Unit for sale at 3002 Southland Street, Dallas, TX 75215

$139,900

  • 3 Beds
  • 1 Bath
  • 1,042 ft²
3002 Southland Street, Dallas, TX 75215 Listing by Scott Arnold

Nearby Rentals

Unit for rent at 3230 Elihu Street, Dallas, TX, 75210

$2,500 /mo

  • 2 Beds
  • 3.5 Baths
  • 1,400 ft²
3230 Elihu Street #1, Dallas, TX, 75210 Listing by Alexis Hudson
Unit for rent at 4528 Philip Avenue, Dallas, TX, 75223

$2,800 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,883 ft²
4528 Philip Avenue, Dallas, TX, 75223 Listing by Laura Trejo
Unit for rent at 3626 Sidney Street, Dallas, TX, 75210

$2,545 /mo

  • 4 Beds
  • 2.5 Baths
  • 1,899 ft²
3626 Sidney Street, Dallas, TX, 75210 Listing by Ashley McGee


Frequently Asked Questions

When was property at 3031 Reed Lane built and last sold?
The property at 3031 Reed Lane was built in 1923 and last sold on Jan 26, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 3031 Reed Lane is $127,564.
What are some comparable homes to 3031 Reed Lane?
Homes that are comparable to 3031 Reed Lane include a house property at 3002 Southland Street, a land property at 3701 Frank Street, a house property at 2730 Swanson Street.

Quantcast