NOT LISTED FOR SALE

7421 Walling Ln Dallas, TX 75231

Lake Highlands Neighborhood

Estimated Value: $642,000 - $698,255

4 Beds
4 Baths
2,696 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 11, 2022

Current estimated payment $4,569/month

24 Days on Market

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • High Speed Internet
  • Luxury Vinyl Plank Tile Flooring
  • 2 Car Garage

About This Home

As of March 2022

Beautiful full duplex- great investment opportunity as both sides are fully rented with both leases currently ending in 2023 (January and October). Two units with 2 bedrooms and 2 baths each in a desirable neighborhood close to White Rock Lake and Top Golf as well as plenty of shopping and restaurants. 7423 has been recently renovated with all new flooring (no carpet), fresh paint, resurfaced sinks and toilets and some new appliances. Please do not disturb tenants. One tenant may be amendable to leaving the lease prior to its end date if buyer wishes to live in one side.

Last Agent to Sell the Property

Louise Master

Allen Properties Online License #0670274 Listed on: 01/20/2022

Last Buyer's Agent

Mack Stalp

Dwellinc, LLC License #0705936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,967

Year Built

  • Built in 1964

Lot Details

  • 9,932 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,696 Sq Ft Home
  • 1-Story Property
  • Brick Fireplace
  • Window Treatments

Kitchen

  • Electric Cooktop
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Assigned Parking

Schools

  • Hotchkiss Elementary School
  • Tasby Middle School
  • Conrad High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2,696 Sq Ft Building
  • Walling Northwest Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 15440
  • Assessor Parcel Number 00544000010050000
  • $10,044 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,967

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 34700
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 211.42433
  • Special Features: None
  • Year Built: 1964

Interior Features

  • Square Footage: 2696.00
  • Windows: Window Coverings
  • Fireplace Features: Brick
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Plumbed for Ice Maker, Refrigerator
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

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

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 2
  • Parking Features: Assigned, Garage Door Opener, Garage Faces Rear, Other
  • Attached Garage YN: No
  • GarageYN: Yes

Utilities

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

Condo/Co-op/Association

  • Complex Name: 7421/7423 Walling
  • Association Type: None

Schools

  • School District: Dallas ISD
  • Elementary School: Hotchkiss
  • High School: Conrad

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Acres
  • Lot Size Area: 0.2280
  • Parcel Number: 00544000010050000
  • Lot Size Acres: 0.2280
  • Lot Size Sq Ft: 9931.6800

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1964
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 5000.00
  • Gross Annual Income: 37200.00
  • Insurance Expense: 2500
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 10044
  • TaxBlock: 15440
  • Tax Lot: 5

MLS Schools

  • MiddleOrJuniorSchool: Tasby
  • Middle School Name: Tasby
  • Elementary School Name: Hotchkiss
  • High School Name: Conrad

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Mar 11, 2022
Sold by
Tyler Holcom
Bought by
Weaver Ethan Drew
Seller's Agent
Louise Master
Allen Properties Online
Buyer's Agent
Mack Stalp
Dwellinc, LLC
List Price
$590,000
Current Estimated Value
$660,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$489,500
Outstanding Balance
$453,761
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$206,803

Purchase Details

Closed on
Oct 29, 2020
Sold by
Roppolo Thomas J and John Joseph Dragna Jr Trust
Bought by
Holcom Tyler and Antepuesto Nicolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,884
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2018
Sold by
Mcfadden Michael Lee and Mcfadden Mark Lester
Bought by
The John Joseph Dragna Jr Trust

Purchase Details

Closed on
Jul 8, 1998
Sold by
Mcfadden Henry Jennings
Bought by
Mcfadden Henry Jennings

Purchase Details

Closed on
Nov 21, 1995
Sold by
Mcfadden Frances Howell and Mcfadden Henry Jennings
Bought by
Mcfadden Frances Howell
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Weaver Ethan Drew -- None Listed On Document
Holcom Tyler -- None Available
The John Joseph Dragna Jr Trust -- None Available
Mcfadden Henry Jennings -- --
Mcfadden Frances Howell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Ethan Drew $489,500
Previous Owner Holcom Tyler $411,884
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold -- -- --
02/13/2022 02/13/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $590,000 -- $219 / 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 $12,967 $651,940 $200,000 $451,940
2024 $12,967 $580,150 $200,000 $380,150
2023 $12,967 $572,410 $180,000 $392,410
2022 $14,312 $572,410 $180,000 $392,410
2021 $11,028 $418,060 $145,000 $273,060
2020 $10,044 $374,790 $0 $0
2019 $10,664 $374,790 $145,000 $229,790
2018 $8,276 $304,360 $135,000 $169,360
2017 $8,276 $304,360 $135,000 $169,360
2016 $6,738 $247,790 $100,000 $147,790
2015 $5,437 $199,410 $60,000 $139,410
2014 $5,437 $198,210 $60,000 $138,210
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Louise Master

    Allen Properties Online

    (214) 543-7314

    1 in this area

    28 Total Sales

    Louise Master
    Section Image

  • M

    Buyer's Agent in 2022

    Mack Stalp

    Dwellinc, LLC

    (913) 314-3031

    1 in this area

    14 Total Sales

    Mack Stalp
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14733124

North Texas Real Estate Information Systems (NTREIS)

APN: 00544000010050000

Texas Dallas County Dallas 75231 Lake Highlands

7421 Walling Ln, Dallas, TX

Not Listed for Sale

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