NOT LISTED FOR SALE

7140 Royal Ln Dallas, TX 75230

Estimated Value: $657,000 - $1,042,000

0.62 Acre
$1,317,784 Price per Acre
27,051 Sq Ft Lot

Last Sold April 07, 2022

Current estimated payment $5,168/month

473 Days on Market

Highlights

  • Uncovered Dock
  • Waterfront
  • Interior Lot
  • Lake View
  • 1 Lake

About This Lot

As of April 2022

The property next door (7130 Royal Ln.) sold for $625,000. 7130 Royal has LESS buildable square footage than 7140 Royal and the sale of the property also included $40K for wall retention & wall repair. Pricing for 7140 Royal is per the following reasons:

1) 7140 appraised for $745k
2) already has $120K equity with current discounted pricing
3) more buildable sq ft then comp 625k next door
4) current reinvestment in the immediate area will only increase the value
5) property includes a sum pump system for a future irrigation system that will pull water from private lake rather than utilizing city water.

Last Agent to Sell the Property

Aimee Robinson

Robinson Capital Real Estate License #0724383 Listed on: 11/07/2020

Last Buyer's Agent

Aimee Robinson

Robinson Capital Real Estate License #0724383 Listed on: 11/07/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,698

Lot Details

  • 0.62 Acre Lot
  • Waterfront
  • Interior Lot

Property Views

  • Lake Views

Schools

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

Listing and Financial Details

  • Legal Lot and Block 9 / 56586
  • Assessor Parcel Number 00000606640000000
  • $21,595 per year unexempt tax

Community Details

Overview

  • Hillcrest Havens 02 Subdivision

Recreation

  • Uncovered Dock
  • 1 Lake

Property Details

Property Type

Land

Est. Annual Taxes

$9,698

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Restrictions: None
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Agricultural Exemption YN: No
  • Crop Retire Program Y N: No
  • Special Features: None

Exterior Features

  • Easements: None
  • Number Of Lakes: 1
  • Platted Waterfront Boundary: 1
  • Waterfront: Yes
  • RoadSurfaceType: Asphalt

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: Curbs, Dirt, Electricity Connected

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Zoned

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: .5 to < 1 Acre
  • Lot Features: Interior Lot, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 0.6210
  • Lot Size: 26,950.0000 SQF
  • Parcel Number: 00000606640000000
  • Lot Size Acres: 0.6210
  • Lot Size Sq Ft: 27050.7600
  • Subdivided: No
  • Zoning Description: Residential
  • LandLeaseYN: No

Multi Family

  • Number Of Lots: 1
  • WaterfrontFeatures: Dock – Uncovered, Lake Front - Common Area

Tax Info

  • Unexempt Taxes: 21595
  • TaxBlock: 56586
  • Tax Lot: 9

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2020
Closed on
Apr 7, 2022
Sold by
Ryan Iii Edward J and Ryan Garbine
Bought by
Patel Ashish and Patel Roopal
Seller's Agent
Aimee Robinson
Robinson Capital Real Estate
Buyer's Agent
Aimee Robinson
Robinson Capital Real Estate
List Price
$600,000
Current Estimated Value
$818,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$440,000
Outstanding Balance
$363,182
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$444,203

Purchase Details

Closed on
Jun 15, 2015
Sold by
Proper T Iii Llc
Bought by
Ryan Edward J and Ryan Garbine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 15, 2013
Sold by
Cosa Investments Ltd
Bought by
Southern Spanish Moss Llc

Purchase Details

Closed on
May 24, 2012
Sold by
Fladeland Harvey T and Fladeland Lori J
Bought by
Ford Tim and Ford Timothy Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2011
Sold by
Rosenberg James M
Bought by
Fladeland Harvey T and Fladeland Lori J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 1993
Sold by
Northpark National Bank Na
Bought by
Rosenberg James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage
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
Patel Ashish -- Lawyers Title
Ryan Edward J -- Attorney
Southern Spanish Moss Llc -- None Available
Cosa Investments Ltd -- None Available
Ford Tim -- None Available
Fladeland Harvey T -- None Available
Rosenberg James M -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Ashish $440,000
Previous Owner Ryan Edward J $573,260
Previous Owner Ryan Edward J $559,200
Previous Owner Ford Tim $350,000
Previous Owner Fladeland Harvey T $417,000
Previous Owner Rosenberg James M $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold -- -- --
02/23/2022 02/23/22 Pending -- -- --
02/23/2022 02/23/22 Price Changed $630,000 +0.8% $238 / Sq Ft
11/21/2021 11/21/21 Price Changed $625,000 +6.8% $236 / Sq Ft
11/08/2021 11/08/21 Price Changed $585,000 +1.7% $221 / Sq Ft
11/08/2021 11/08/21 Price Changed $575,000 -8.0% $217 / Sq Ft
10/22/2021 10/22/21 Price Changed $625,000 +8.7% $236 / Sq Ft
09/15/2021 09/15/21 Price Changed $575,000 +2.7% $217 / Sq Ft
08/07/2021 08/07/21 Price Changed $560,000 -9.7% $211 / Sq Ft
08/05/2021 08/05/21 Price Changed $620,000 +7.8% $234 / Sq Ft
07/26/2021 07/26/21 Price Changed $575,000 -3.4% $217 / Sq Ft
06/29/2021 06/29/21 Price Changed $595,000 -0.8% $224 / Sq Ft
06/29/2021 06/29/21 Price Changed $600,000 -4.0% $226 / Sq Ft
06/08/2021 06/08/21 Price Changed $625,000 +4.2% $236 / Sq Ft
06/07/2021 06/07/21 Price Changed $600,000 -4.0% $226 / Sq Ft
05/26/2021 05/26/21 Price Changed $625,000 -3.8% $236 / Sq Ft
01/09/2021 01/09/21 Price Changed $650,000 +18.2% $245 / Sq Ft
11/08/2020 11/08/20 Price Changed $550,000 -8.3% $207 / Sq Ft
11/07/2020 11/07/20 For Sale $600,000 -- $226 / 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 $9,698 $433,900 $433,900 --
2024 $9,698 $433,900 $433,900 --
2023 $9,698 $433,900 $433,900 $0
2022 $10,074 $402,900 $402,900 $0
2021 $13,081 $495,880 $495,880 $0
2020 $16,325 $601,750 $539,000 $62,750
2019 $22,477 $790,000 $539,000 $251,000
2018 $20,285 $746,000 $474,320 $271,680
2017 $22,026 $810,000 $474,320 $335,680
2016 $21,151 $777,810 $431,200 $346,610
2015 $13,187 $480,750 $280,280 $200,470
2014 $13,187 $480,750 $280,280 $200,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14467576

North Texas Real Estate Information Systems (NTREIS)

APN: 00000606640000000