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506 Northlake Drive

506 Northlake Drive, Dallas, TX 75218
Sold Dec 01, 2021
$485,000
$388,000 by Cardinal Financial Company Lp
Mortgage Due Dec 01, 2051
506 Northlake Drive in Dallas, TX was first built in 1949 and is 75 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 506 Northlake Drive has 1,732 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 700 ft and the linear feet between the front and back of the lot is 1,220. In total, the area measurement of the land is 14,279 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. The garage is 400 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 good. The exterior walls of the home are made of brick veneer. 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. 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, 506 Northlake Drive was last sold in Nov 30, 2021 for $485,000. According to our calculations, that's $227.49 per sqft. Current property owners are expected to pay $9,841 in taxes per year. The property on 506 Northlake Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $668,210. To break that down further, the land itself was valued at $610,430. While improvements to the property were assessed at a total of $57,780. 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. 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. 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

Exterior

Brick Exterior

Parking

Attached Garage
Open Parking
Oversized Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,279
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,132
  • Building Area: 1,732
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,732
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE HIGHLANDS ESTATES
  • Land Acres: 0.328
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKE HIGHLANDS ESTATES BLK 3/5401 LT 10 INT202100358902 DD11302021 CO-DC 5401 003 01000 3005401 003

Ownership

  • Current Owner : BUTTS WALTER R
  • Current Owner 2: LOGAN MELISSA L
  • Previous Owner : STONER SCOTT BRADLEY
  • Previous Owner 2: STONER TODD ROBERT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 012900

Zoning

  • Zoning: Z298

Geography

  • Assessors Map Reference: 000003929110000
  • Account Number: 000003929110000
  • Parcel: 00-00039-291-100-0000
  • Block: 3/540
  • Lot: 10
  • Municipality: DALLAS
  • Latitude: 32.8501
  • Longitude: -96.7131

    Address

  • Full Address: 506 Northlake Dr
  • Address - House Number: 506
  • Address - Street Name: Northlake
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Dallas
  • Carrier Code: C016
  • 4-Digit Zip Code: 2116
  • Zip Code: 75218

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,841
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2705
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 61
  • Final Value: 593,008
  • High Value: 753,432
  • Low Value: 432,584

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $388,000
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Dec 01, 2021
  • First Open Lien Mortgage Loan Amount: $388,000
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $668,210
  • Market Land Value: $610,430
  • Market Improvement Value: $57,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $668,210
  • Assessed Land Value: $610,430
  • Assessed Improvements Value: $57,780

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Transaction ID: 11870256754
  • Current Sale Price: $485,000
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 202100358902

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Dec 01, 2021
  • First Mortgage Loan Amount: $388,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About Northeast Dallas



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Frequently Asked Questions

What neighborhood is 506 Northlake Drive located in?
The 506 Northlake Drive is a located in the neighborhood of Old Lake Highlands in Northeast Dallas, Dallas.
What is the average sales price for listings in 506 Northlake Drive?
The average sales price for units in 506 Northlake Drive is $0 currently.

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