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7474 Fair Oaks Avenue

7474 Fair Oaks Avenue, Dallas, TX 75231
Multifamily in Vickery Meadows
Sold Feb 03, 2020
$963,100
$770,500 by Wells Fargo Bank Na
Mortgage Due Feb 15, 2030
Sold Jun 29, 2017
Transfer
7474 Fair Oaks Avenue in Dallas, TX was first built in 1986 and is 38 years old. This has been categorized as a residential property type. There are a total of 3 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. In total, the area measurement of the land is 25,230 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a garage. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. 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. 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, 7474 Fair Oaks Avenue sold most recently in Jan 30, 2020 for a total of $963,100. If you work out the math, that's approximately a cost of $65.25 per sqft. 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 $33,935 in taxes each year. 7474 Fair Oaks Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,600,000. If we break it down further, the land itself was valued at $227,070. Improvements to the property, however, were assessed at a total of $1,372,930. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 14
  • Business/Commerical Units Count: 6
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,230
  • Total Building Area: 14,760
  • Building Area: 14,760

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FAIR OAKS MANOR
  • Land Acres: 0.579
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: FAIR OAKS MANOR BLK 3/5194 LOT 1A ACS 0.5792 INT202000031497 DD01302020 CO-DC 5194 003 01A00 7DA5194 003

Ownership

  • Current Owner : FOUNDATION PACIFIC PROPERTIES LLC
  • Previous Owner : ONE TEN CAPITAL TEXAS INC
  • Owner Before Previous Owner: 7474 FAIR OAKS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dallas Independent School District
  • Census Tract: 007821

Zoning

  • Zoning: Z163

Geography

  • Assessors Map Reference: 005194000301A00
  • Account Number: 005194000301A00
  • Parcel: 00-51940-003-01A-0000
  • Block: 3/519
  • Lot: 1A
  • Municipality: DALLAS
  • Latitude: 32.8759
  • Longitude: -96.7538

    Address

  • Full Address: 7474 Fair Oaks Ave
  • Address - House Number: 7474
  • Address - Street Name: Fair Oaks
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Dallas
  • Carrier Code: C004
  • 4-Digit Zip Code: 8706
  • Zip Code: 75231

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,935
  • Tax Rate Code Area: VI1

    Appraisal Valuation

  • Standard Deviation: 0.4414
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 11
  • Final Value: 976,434
  • High Value: 1,407,485
  • Low Value: 545,382

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $770,500
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Feb 03, 2020
  • First Open Lien Mortgage Loan Amount: $770,500
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Feb 15, 2030

    Market Valuation

  • Market Total Value: $1,600,000
  • Market Land Value: $227,070
  • Market Improvement Value: $1,372,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,600,000
  • Assessed Land Value: $227,070
  • Assessed Improvements Value: $1,372,930

    Sales

  • Current Sale Contract Date: Jan 30, 2020
  • Current Sale Recording Date: Feb 03, 2020
  • Current Sale Transaction ID: 11723795428
  • Current Sale Price: $963,100
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 202000031497
  • Previous Sale Recording Date: Jun 29, 2017
  • Previous Sale Contract Date: Jun 09, 2017
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Feb 03, 2020
  • First Mortgage Loan Amount: $770,500
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Feb 15, 2030

About Northeast Dallas



Similar Buildings

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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,095 /mo

  • 2 Beds
  • 1 Bath
  • 832 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 7474 Fair Oaks Avenue located in?
The 7474 Fair Oaks Avenue is a multifamily located in the neighborhood of Vickery Meadows in Northeast Dallas, Dallas.
What is the average sales price for listings in 7474 Fair Oaks Avenue?
The average sales price for units in 7474 Fair Oaks Avenue is $0 currently.

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