7554 Rice Ln Dallas, TX 75241
Wisdom Terrace NeighborhoodEstimated payment $1,647/month
Total Views
6,736
3
Beds
2
Baths
1,248
Sq Ft
$184
Price per Sq Ft
Highlights
- Open Floorplan
- Interior Lot
- Laundry in Utility Room
- 2 Car Attached Garage
- Walk-In Closet
- Energy-Efficient Appliances
About This Home
Discover a prime investment opportunity or excellent starter home with this 1,248 sq. ft., 3-bedroom, 2-bathroom single family property in Dallas, TX, a proven income generator with the same tenant for over 12 years. Situated on a 0.12-acre lot near Interstates 35E and 20, this well-maintained home offers easy access to downtown Dallas, shopping, and entertainment, making it highly desirable. With a tenant secured through March 31, 2026, you’ll enjoy immediate cash flow as an investment property. Featuring a brand-new roof installed in May 2025, an open-concept floor plan with a bright living area, a 2-car garage, and a large, fenced backyard, this move-in-ready home could use a little updating to maximize potential.
Perfect for seasoned investors and newcomers, this turnkey property delivers steady income and long-term value. The home's manageable size, modern layout, and location help to ensure strong tenant demand. Don’t miss out on this wonderful home. Schedule a showing today!
Listing Agent
Seeto Realty Brokerage Phone: 972-509-7100 License #0719804 Listed on: 06/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,830
Year Built
- Built in 2005
Lot Details
- 5,489 Sq Ft Lot
- Lot Dimensions are 50x110
- Wood Fence
- Interior Lot
- Back Yard
Parking
- 2 Car Attached Garage
- Front Facing Garage
- Driveway
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,248 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Laundry in Utility Room
Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Eco-Friendly Details
- Energy-Efficient Appliances
Schools
- Thornton Elementary School
- Southoakcl High School
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Cable TV Available
Community Details
- Wisdom Terrace Ph 05 Subdivision
Listing and Financial Details
- Legal Lot and Block 19 / A6630
- Assessor Parcel Number 006630000a0190000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,830 | $216,110 | $60,000 | $156,110 |
| 2024 | $4,830 | $216,110 | $60,000 | $156,110 |
| 2023 | $4,830 | $191,150 | $45,000 | $146,150 |
| 2022 | $4,779 | $191,150 | $45,000 | $146,150 |
| 2021 | $4,205 | $159,410 | $35,000 | $124,410 |
| 2020 | $3,660 | $134,930 | $30,000 | $104,930 |
| 2019 | $3,839 | $134,930 | $30,000 | $104,930 |
| 2018 | $2,905 | $106,820 | $24,000 | $82,820 |
| 2017 | $2,647 | $97,350 | $24,000 | $73,350 |
| 2016 | $2,647 | $97,350 | $24,000 | $73,350 |
| 2015 | $1,830 | $78,800 | $24,000 | $54,800 |
| 2014 | $1,830 | $66,720 | $24,000 | $42,720 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $230,000 | -- | $184 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Trustee Deed | $85,679 | None Available | |
| Vendors Lien | -- | Nat | |
| Special Warranty Deed | -- | Nat |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $70,100 | Purchase Money Mortgage | |
| Previous Owner | $20,180 | Stand Alone Second | |
| Previous Owner | $80,720 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Dallas, TX
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20981733
APN: 006630000A0190000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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