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5618 Richard Avenue

5618 Richard Avenue, Dallas, TX 75206
Property in Vickery Place
Sold Jun 22, 2023
$1,159,760
$872,000 by Cornerstone Home Lending, Inc.
Mortgage Due Jul 01, 2053
Sold Apr 05, 2021
$685,300
$548,250 by Watermark Capital Inc
Mortgage Due May 01, 2051
5618 Richard 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 1913 and is 111 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5618 Richard Avenue has 2,245 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 1,610 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 8,050 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 detached garage for those who require parking. The garage measured 528 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Moving on to the building itself. The condition of the building has been evaluated as excellent. 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 materials we are unsure of. 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. 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, 5618 Richard Avenue sold most recently in Jun 22, 2023 for a total of $1,159,760. If you work out the math, that's approximately a cost of $516.60 per sqft. Before that, the property was also sold for $685,300 in Apr 1, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $16,336 in taxes each year. 5618 Richard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $987,290. If we break it down further, the land itself was valued at $483,000. Improvements to the property, however, were assessed at a total of $504,290. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Excellent
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • 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: Detached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 8,050
  • Lot Size Depth Feet: 1,610
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,245
  • Building Area: 2,245
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,245
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: VICKERY PLACE
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VICKERY PLACE BLK 24/1933 LOT 19 INT202100097900 DD04052021 CO-DC 1933 024 01900 1001933 024

Ownership

  • Current Owner : ELLIS EMILY ELAINE
  • Current Owner 2: PROBASCO WALKER LIVINGSTON
  • Previous Owner : WILLIAMS JOSHUA TAYLOR
  • Owner Before Previous Owner: FABACHER ERIC M
  • Owner Before Previous Owner 2: SEEDS ERIN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 001001

Zoning

  • Zoning: Z62

Geography

  • Assessors Map Reference: 000001868020000
  • Account Number: 000001868020000
  • Parcel: 00-00018-680-200-0000
  • Block: 24/19
  • Lot: 19
  • Municipality: DALLAS
  • Latitude: 32.819
  • Longitude: -96.7715

    Address

  • Full Address: 5618 Richard Ave
  • Address - House Number: 5618
  • Address - Street Name: Richard
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Dallas
  • Carrier Code: C011
  • 4-Digit Zip Code: 6718
  • Zip Code: 75206

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,336
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 1,057,559
  • High Value: 1,294,642
  • Low Value: 820,477

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $872,000
  • First Open Lien Mortgage Lender: CORNERSTONE HOME LENDING, INC.
  • First Open Lien Mortgage Recording Date: Jun 22, 2023
  • First Open Lien Mortgage Loan Amount: $872,000
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $987,290
  • Market Land Value: $483,000
  • Market Improvement Value: $504,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $987,290
  • Assessed Land Value: $483,000
  • Assessed Improvements Value: $504,290

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jun 22, 2023
  • Current Sale Transaction ID: 11908586332
  • Current Sale Price: $1,159,760
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 123193
  • Previous Sale Recording Date: Apr 05, 2021
  • Previous Sale Contract Date: Apr 01, 2021
  • Previous Sale Amount: $685,300
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING, INC.
  • First Mortgage Transaction Date: Jun 22, 2023
  • First Mortgage Loan Amount: $872,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WATERMARK CAPITAL INC
  • Previous Mortgage Transaction Date: Apr 05, 2021
  • Previous Mortgage Loan Amount: $548,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051

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Frequently Asked Questions

What neighborhood is 5618 Richard Avenue located in?
The 5618 Richard Avenue is a located in the neighborhood of Vickery Place in Central Dallas, Dallas.
What is the average sales price for listings in 5618 Richard Avenue?
The average sales price for units in 5618 Richard Avenue is $0 currently.

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