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3851 Potomac Avenue

3851 Potomac Avenue, Dallas, TX 75205
Sold Jul 19, 2023
$11,757,200
$8,840,000 by Morgan Stanley Private Bank Na
Mortgage Due Aug 01, 2053
Sold Dec 17, 2021
$8,326,753
$6,260,717 by American Bank Of Commerce
Mortgage Due Jun 15, 2023
3851 Potomac Avenue in Dallas, TX was first built in 2022 and is 2 years old. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 7 full bathrooms. There are 8 partial bathrooms. 3851 Potomac Avenue has 9,564 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 1,000 ft and the linear feet between the front and back of the lot is 1,620. In total, the area measurement of the land is 16,750 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of slate. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. The garage is 888 sqft. There are a total of 2 available parking spaces. 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 fair. 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 a window/unit air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3851 Potomac Avenue was last sold in Jul 18, 2023 for $11,757,200. According to our calculations, that's $1,124.88 per sqft. Prior to that sales transaction, the property was sold for $8,326,753 in Oct 14, 2021. Current property owners are expected to pay $56,906 in taxes per year. The property on 3851 Potomac Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,485,800. To break that down further, the land itself was valued at $3,350,000. While improvements to the property were assessed at a total of $2,135,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

New Construction

Exterior

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

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Slate
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 888
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,750
  • Lot Size Depth Feet: 1,620
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 10,452
  • Building Area: 9,564
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Window/unit air conditioning
  • Heating: Central heating
  • Heated Square Feet: 9,564
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MOUNT VERNON 3
  • Land Acres: 0.385
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MOUNT VERNON 3 BLK 9 LTS 5 & 6 3851 POTOMAC AVE INT202100375919 DD10142021 CO-DC 1365000900500 16913650009

Ownership

  • Current Owner : 3851 POTOMAC AVENUE TRUST
  • Current Owner 2: KILBURN
  • Previous Owner : 3851 POTOMAC LLC
  • Owner Before Previous Owner: DANES CUSTOM HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: Z227

Geography

  • Assessors Map Reference: 601365000900500
  • Account Number: 601365000900500
  • Subdivision Tract Number: 13650
  • Parcel: 60-13650-009-005-0000
  • Block: 9
  • Lot: 5,6
  • Municipality: HIGHLAND PARK
  • Latitude: 32.8374
  • Longitude: -96.7978

    Address

  • Full Address: 3851 Potomac Ave
  • Address - House Number: 3851
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Dallas
  • Carrier Code: C029
  • 4-Digit Zip Code: 2114
  • Zip Code: 75205

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $56,906
  • Tax Rate Code Area: TH

    Appraisal Valuation

  • Standard Deviation: 0.4414
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 11
  • Final Value: 3,269,110
  • High Value: 4,712,275
  • Low Value: 1,825,944

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,840,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 19, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $8,840,000
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $5,485,800
  • Market Land Value: $3,350,000
  • Market Improvement Value: $2,135,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,485,800
  • Assessed Land Value: $3,350,000
  • Assessed Improvements Value: $2,135,800

    Sales

  • Current Sale Contract Date: Jul 18, 2023
  • Current Sale Recording Date: Jul 19, 2023
  • Current Sale Transaction ID: 11909787421
  • Current Sale Price: $11,757,200
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 143359
  • Previous Sale Recording Date: Dec 17, 2021
  • Previous Sale Contract Date: Oct 14, 2021
  • Previous Sale Amount: $8,326,753
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Jul 19, 2023
  • First Mortgage Loan Amount: $8,840,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN BANK OF COMMERCE
  • Previous Mortgage Transaction Date: Dec 17, 2021
  • Previous Mortgage Loan Amount: $6,260,717
  • Previous Mortgage Term: 17
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jun 15, 2023

About Highland Park



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$5,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,620 ft²
Listing by Sarah Frost

Frequently Asked Questions

What neighborhood is 3851 Potomac Avenue located in?
The 3851 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 3851 Potomac Avenue?
The average sales price for units in 3851 Potomac Avenue is $0 currently.

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