Check Availability

3541 Potomac Avenue

3541 Potomac Avenue, Dallas, TX 75205
Sold Jul 06, 2023
$2,261,000
$1,700,000 by Morgan Stanley Private Bank Na
Mortgage Due Aug 01, 2053
Sold Sep 24, 2019
$2,500,000
$2,000,000 by Branch Banking And Trust Co
Mortgage Due Oct 01, 2049
3541 Potomac Avenue has been categorized by the local assessors in Dallas, TX as a residential type of property. The building on the property was first built in 2018 and is 6 years old. The home has a total of 4 bedrooms. Residents will have access to 5 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3541 Potomac Avenue has 4,978 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,570 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,875 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 506 sqft. According to our sources, there are a total of 3 available parking spaces. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3541 Potomac Avenue sold most recently in Jun 30, 2023 for a total of $2,261,000. If you work out the math, that's approximately a cost of $412.29 per sqft. Before that, the property was also sold for $2,500,000 in Sep 23, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $39,791 in taxes each year. 3541 Potomac Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,850,950. If we break it down further, the land itself was valued at $1,417,500. Improvements to the property, however, were assessed at a total of $2,433,450. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Condition

New Construction

Exterior

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

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,875
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 500
  • Total Building Area: 5,484
  • Building Area: 4,978
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,978
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MOUNT VERNON HEIGHTS
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MOUNT VERNON HEIGHTS BLK 1 LT 12 INT201900255478 DD09232019 CO-DC 1385000101200 16913850001

Ownership

  • Current Owner : DILLOW SCOTT P
  • Current Owner 2: DILLOW STACY L
  • Previous Owner : HORNE JAMES CORY
  • Previous Owner 2: HORNE MELISSA R
  • Owner Before Previous Owner: BDDM LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Highland Park Independent School District
  • School Tax School District: HIGHLAND PK ISD
  • Census Tract: 019700

Zoning

  • Zoning: Z228

Geography

  • Assessors Map Reference: 601385000101200
  • Account Number: 601385000101200
  • Subdivision Tract Number: 13850
  • Parcel: 60-13850-001-012-0000
  • Block: 1
  • Lot: 12
  • Municipality: HIGHLAND PARK
  • Latitude: 32.8373
  • Longitude: -96.7918

    Address

  • Full Address: 3541 Potomac Ave
  • Address - House Number: 3541
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Dallas
  • Carrier Code: C029
  • 4-Digit Zip Code: 2217
  • Zip Code: 75205

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,791
  • Tax Rate Code Area: TH

    Appraisal Valuation

  • Standard Deviation: 0.2675
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 61
  • Final Value: 2,266,291
  • High Value: 2,872,602
  • Low Value: 1,659,980

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 06, 2023
  • First Open Lien Mortgage Loan Amount: $1,700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $3,850,950
  • Market Land Value: $1,417,500
  • Market Improvement Value: $2,433,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,850,950
  • Assessed Land Value: $1,417,500
  • Assessed Improvements Value: $2,433,450

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 06, 2023
  • Current Sale Transaction ID: 11909048788
  • Current Sale Price: $2,261,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 132613
  • Previous Sale Recording Date: Sep 24, 2019
  • Previous Sale Contract Date: Sep 23, 2019
  • Previous Sale Amount: $2,500,000
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Jul 06, 2023
  • First Mortgage Loan Amount: $1,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Aug 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Sep 24, 2019
  • Previous Mortgage Loan Amount: $2,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2049

About Highland Park



Similar Buildings

House at 3541 Potomac Avenue,

3704 Stratford Avenue

  • 1 Unit for Sale
3704 Stratford Avenue, Dallas, TX 75205
House at 3541 Potomac Avenue,

3733 Binkley Avenue

  • 1 Unit for Sale
3733 Binkley Avenue, Dallas, TX 75205
House at 3541 Potomac Avenue,

3528 Beverly Drive

  • 1 Unit for Sale
3528 Beverly Drive, Dallas, TX 75205
House at 3541 Potomac Avenue,

3639 Beverly Drive

  • 1 Unit for Sale
3639 Beverly Drive, Dallas, TX 75205
House at 3541 Potomac Avenue,

3914 Normandy Avenue

  • 1 Unit for Sale
3914 Normandy Avenue, Dallas, TX 75205
House at 3541 Potomac Avenue,

3428 Asbury Street

  • 1 Unit for Sale
3428 Asbury Street, Dallas, TX 75205
House at 3541 Potomac Avenue,

3721 Beverly Drive

  • 1 Unit for Sale
3721 Beverly Drive, Dallas, TX 75205
House at 3541 Potomac Avenue,

3401 Beverly Drive

  • 1 Unit for Sale
3401 Beverly Drive, Dallas, TX 75205
House at 3541 Potomac Avenue,

3610 Lindenwood Avenue

  • 1 Unit for Sale
3610 Lindenwood Avenue, Dallas, TX 75205

Nearby Rentals

Unit for rent at 3447 Asbury Street, University Park, TX, 75205

$3,850 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,200 ft²
3447 Asbury Street #1A, University Park, TX, 75205 Listing by Ned Washburn
Unit for rent at 3449 Asbury Street, University Park, TX, 75205

$3,850 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,200 ft²
3449 Asbury Street, University Park, TX, 75205 Listing by Ned Washburn
Unit for rent at 4558 Roland Avenue, Highland Park, TX, 75219

$3,550 /mo

  • 2 Beds
  • 2 Baths
  • 1,503 ft²
4558 Roland Avenue #B, Highland Park, TX, 75219 Listing by Lolly Landwehr
Unit for rent at 4411 Mckinney Avenue, Dallas, TX, 75205

$3,800 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,967 ft²
4411 Mckinney Avenue #23, Dallas, TX, 75205 Listing by Rick Scheurer
Unit for rent at 3800 Holland Avenue, Dallas, TX, 75219

$3,495 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,603 ft²
3800 Holland Avenue #4, Dallas, TX, 75219 Listing by Kendall Jackson
Unit for rent at 5124 Belmont Avenue, Dallas, TX, 75206

$3,350 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,830 ft²
5124 Belmont Avenue, Dallas, TX, 75206 Listing by Aaron Karns
Unit for rent at 8602 Thackery Street, Dallas, TX, 75225

$3,495 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,790 ft²
8602 Thackery Street #131, Dallas, TX, 75225 Listing by Melissa Mettry

Frequently Asked Questions

What neighborhood is 3541 Potomac Avenue located in?
The 3541 Potomac Avenue is a house located in the neighborhood of Highland Park in Highland Park, Dallas.
What is the average sales price for listings in 3541 Potomac Avenue?
The average sales price for units in 3541 Potomac Avenue is $0 currently.

Quantcast