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8040 Fall River Drive

8040 Fall River Drive, Dallas, TX 75228
Sold Nov 04, 2019
$296,900
$237,500 by Gateway Mortgage Group Llc
Mortgage Due Nov 01, 2049
Sold Apr 05, 2017
$321,300
$257,050 by Quicken Loans Inc
Mortgage Due Apr 01, 2047
Local assessors in Dallas, TX have categorized 8040 Fall River Drive as a residential type of property. The home was built in 1958 and is 66 years old. It was most recently renovated and altered in 1988. The property's lot size has been calculated to be 8,410 square feet. The linear feet between the front and back of the lot was measured at 1,230 ft and the front of the lot was measured at 670 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8040 Fall River Drive has a total of 1,569 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 8040 Fall River Drive sold most recently in Oct 31, 2019 for a total of $296,900. If you work out the math, that's approximately a cost of $150.79 per sqft. Before that, the property was also sold for $321,300 in Mar 31, 2017. 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 $5,375 in taxes each year. 8040 Fall River Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $344,000. If we break it down further, the land itself was valued at $100,000. Improvements to the property, however, were assessed at a total of $244,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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

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

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 8,410
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,969
  • Building Area: 1,569
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,569
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CLAREMONT 1ST INSTALLMENT
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CLAREMONT 1ST INSTALLMENT BLK 1/7060 LT 8 INT202008031154 DD10312019 CO-DC 7060 001 00800 3DA7060 001

Ownership

  • Current Owner : SIMPSON STEPHEN
  • Previous Owner : STOLPA RACHEL
  • Previous Owner 2: STOLPA CHRISTOPHER
  • Owner Before Previous Owner: MOORE HALLIE HUDSON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 012212

Zoning

  • Zoning: Z298

Geography

  • Assessors Map Reference: 000006649600000
  • Account Number: 000006649600000
  • Parcel: 00-00066-496-000-0000
  • Block: 1/706
  • Lot: 8
  • Municipality: DALLAS
  • Latitude: 32.7976
  • Longitude: -96.7066

    Address

  • Full Address: 8040 Fall River Dr
  • Address - House Number: 8040
  • Address - Street Name: Fall River
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Dallas
  • Carrier Code: C027
  • 4-Digit Zip Code: 5915
  • Zip Code: 75228

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,375
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2019
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 72
  • Final Value: 440,211
  • High Value: 529,117
  • Low Value: 351,304

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $254,125
  • First Open Lien Mortgage Lender: GATEWAY MORTGAGE GROUP LLC
  • First Open Lien Mortgage Recording Date: Nov 04, 2019
  • First Open Lien Mortgage Loan Amount: $237,500
  • 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: Nov 01, 2049
  • Second Open Lien Mortgage Lender: FIRSTTRUST HOME LOANS INC
  • Second Open Lien Mortgage Recording Date: Nov 04, 2019
  • Second Open Lien Mortgage Loan Amount: $16,625
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: 2nd Mortgage made to cover Down Payment
  • Second Open Lien Mortgage Loan Due Date: Oct 31, 2029

    Market Valuation

  • Market Total Value: $344,000
  • Market Land Value: $100,000
  • Market Improvement Value: $244,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $344,000
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $244,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 31, 2019
  • Current Sale Recording Date: Nov 04, 2019
  • Current Sale Transaction ID: 11676603739
  • Current Sale Price: $296,900
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 201900295715
  • Previous Sale Recording Date: Apr 05, 2017
  • Previous Sale Contract Date: Mar 31, 2017
  • Previous Sale Amount: $321,300
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY MORTGAGE GROUP LLC
  • First Mortgage Transaction Date: Nov 04, 2019
  • First Mortgage Loan Amount: $237,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Apr 05, 2017
  • Previous Mortgage Loan Amount: $257,050
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2047

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Frequently Asked Questions

What neighborhood is 8040 Fall River Drive located in?
The 8040 Fall River Drive is a house located in the neighborhood of Lakeland Hills in Northeast Dallas, Dallas.
What is the average sales price for listings in 8040 Fall River Drive?
The average sales price for units in 8040 Fall River Drive is $0 currently.

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