NOT LISTED FOR SALE

5516 Forest Ln Dallas, TX 75230

Preston Royal Northwest Neighborhood

Estimated Value: $617,000 - $757,423

3 Beds
2 Baths
1,912 Sq Ft
$359/Sq Ft Est. Value

Last Sold February 08, 2022

Current estimated payment $4,659/month

187 Days on Market

Highlights

  • Wood Flooring
  • Security System Owned
  • Central Heating
  • 2 Car Attached Garage
  • 1-Story Property
  • Wood Burning Fireplace

About This Home

As of February 2022

This Dallas one-story home offers granite countertops, and a two-car garage. Home utilities may be turned off due to weather conditions. This home has been virtually staged to illustrate its potential.

Last Agent to Sell the Property

Feras Rachid

Ready Real Estate License #0675842 Listed on: 07/08/2021

Ready Real Estate

Last Buyer's Agent

Suzanne Mardock

Ready Real Estate License #0705813

Ready Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,397

Year Built

  • Built in 1956

Lot Details

  • 0.35 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,912 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Security System Owned
  • Microwave

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Pershing Elementary School
  • Benjamin Franklin Middle School
  • Hillcrest High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Community Details

  • Inwood Road Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 1/638
  • Assessor Parcel Number 00000577138000000
  • $10,865 per year unexempt tax

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,397

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structural Style: Single Detached
  • Unit Levels: One
  • Security: Security System Owned
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 256.27615
  • Special Features: None
  • Year Built: 1956

Interior Features

  • Square Footage: 1912.00
  • Fireplace Features: Wood Burning
  • Interior Amenities: Other
  • Flooring: Ceramic Tile, Wood
  • Appliances: Microwave
  • Fireplaces: 1
  • Number Of Dining Areas: 2
  • Number Of Living Areas: 1
  • Room Count: 2

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Other
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas, Other
  • Utilities: City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Dallas ISD
  • Elementary School: Pershing
  • Middle School: Benjamin Franklin
  • High School: Hillcrest
  • School District: Dallas ISD
  • Elementary School: Pershing
  • High School: Hillcrest

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.3540
  • Parcel Number: 00000577138000000
  • Lot Size Acres: 0.3540
  • Lot Size Sq Ft: 15420.2400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1956

Tax Info

  • Unexempt Taxes: 10865
  • TaxBlock: 1/638
  • Tax Lot: 16

MLS Schools

  • MiddleOrJuniorSchool: Benjamin Franklin
  • Middle School Name: Benjamin Franklin
  • Elementary School Name: Pershing
  • High School Name: Hillcrest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Feb 8, 2022
Sold by
Opendoor Property Trust I
Bought by
Hwang John C and Cho Sunja
Seller's Agent
Feras Rachid
Ready Real Estate
Buyer's Agent
Suzanne Mardock
Ready Real Estate
List Price
$520,000
Current Estimated Value
$686,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%
Original Mortgage
$392,000
Outstanding Balance
$365,426
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$320,680

Purchase Details

Closed on
Jun 25, 2021
Sold by
Sutton Debra Lynn and Sutton John Lee
Bought by
Opendoor Property Trust

Purchase Details

Closed on
Feb 13, 2017
Sold by
Delgirono Matthew
Bought by
Sutton Debra Lynn and Sutton John Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,195
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2014
Sold by
Cate Family Revocable Living Trust
Bought by
Delgiorno Matthew

Purchase Details

Closed on
Dec 10, 2004
Sold by
Cate Glenn M
Bought by
Cate Family Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hwang John C -- Hassen Law Pllc
Opendoor Property Trust -- Mbl Title
Sutton Debra Lynn -- None Available
Delgiorno Matthew -- Fnt
Cate Family Revocable Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hwang John C $392,000
Previous Owner Sutton Debra Lynn $363,114
Previous Owner Sutton Debra Lynn $360,195
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2022 02/08/22 Sold -- -- --
01/11/2022 01/11/22 Pending -- -- --
12/09/2021 12/09/21 Price Changed $500,000 -0.8% $262 / Sq Ft
10/07/2021 10/07/21 Price Changed $504,000 -1.6% $264 / Sq Ft
08/20/2021 08/20/21 Price Changed $512,000 -1.5% $268 / Sq Ft
08/13/2021 08/13/21 For Sale $520,000 0.0% $272 / Sq Ft
08/05/2021 08/05/21 Off Market -- -- --
07/29/2021 07/29/21 Price Changed $520,000 -3.0% $272 / Sq Ft
07/08/2021 07/08/21 For Sale $536,000 -- $280 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,397 $652,080 $555,880 $96,200
2024 $11,397 $509,940 $386,030 $123,910
2023 $11,397 $490,000 $308,820 $181,180
2022 $12,252 $490,000 $262,500 $227,500
2021 $10,462 $396,590 $280,250 $116,340
2020 $10,865 $400,490 $297,240 $103,250
2019 $11,395 $400,490 $297,240 $103,250
2018 $9,847 $362,140 $280,250 $81,890
2017 $8,987 $330,500 $237,790 $92,710
2016 $8,281 $304,540 $237,790 $66,750
2015 $2,451 $248,050 $195,330 $52,720
2014 $2,451 $252,010 $169,850 $82,160
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Feras Rachid

    Ready Real Estate

    Feras Rachid
    Section Image
  • Suzanne Mardock

    Buyer's Agent in 2022

    Suzanne Mardock

    Ready Real Estate

    (817) 999-4205

    1 in this area

    77 Total Sales

    Suzanne Mardock
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14620250

North Texas Real Estate Information Systems (NTREIS)

APN: 00000577138000000

Texas Dallas County Dallas 75230 Preston Royal Northwest

5516 Forest Ln, Dallas, TX

This home is located at 5516 Forest Ln, Dallas, TX 75230 since 08 July 2021 and is currently estimated at $686,106, approximately $358 per square foot. This property was built in 1956. 5516 Forest Ln is a home located in Dallas County with nearby schools including John J Pershing Elementary School, Benjamin Franklin International Exploratory Academy, and Hillcrest High School.

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