Rare Opportunity in the Heart of Dallas’ Cedars District! Seize this exceptional chance to own a prime piece of real estate in one of Dallas' most dynamic and rapidly developing neighborhoods. Nestled in the vibrant Cedars area, this lot boasts stunning, unobstructed views of the downtown skyline—a picturesque backdrop that adds unparalleled value and appeal. Property Highlights: Situated in the popular Cedars district, just minutes from the center of downtown Dallas. An extremely rare opportunity—this is one of the few, if not the only, available lots in the area. Ideal for those looking to capitalize on Dallas' booming real estate market. Surrounded by modern, luxury houses that add to the prestige and desirability of the area. Perfect for a variety of development projects, from luxury condos to modern townhomes or a unique mixed-use space. The potential is as limitless as your vision. Enjoy breathtaking views of the iconic Dallas Skyline Don’t miss out on this rare gem.
Last updated on: 11/21/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,459
$210,000
2019
$3,280
$120,000
2018
$1,878
$66,000
2017
$1,387
$51,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,064
Per Month
Principal & Interest
$1,997
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,266
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Downtown Montessori at Ida B Wells Academy
9400 N Central Expy
Distance between this listing and this school0.78 miles
Public Magnet Grades PK-2
6
/10
Martin Luther King Jr Arts Academy
1817 Warren Ave
Distance between this listing and this school1.26 miles
Public District Grades PK-5
3
/10
Uplift Luna Preparatory Primary School
2020 N Lamar St Ste 100
Distance between this listing and this school1.29 miles
Public Charter Grades PK-5
Nearby Schools
4
/10
Billy Earl Dade Middle School
2801 Park Row Ave
Distance between this listing and this school0.99 miles
Public District Grades 6-8
5
/10
Uplift Luna Secondary School
2625 Elm St
Distance between this listing and this school1.00 miles
Public Charter Grades 6-8
5
/10
Trinity Basin Preparatory
808 N Ewing Ave
Distance between this listing and this school1.54 miles
Public Charter Grades PK-8
Nearby Schools
4
/10
Citylab High School
912 S Ervay St
Distance between this listing and this school0.34 miles
Public District Grades 9-12
1
/10
Hospital/Homebound
912 S Ervay St Ste 309
Distance between this listing and this school0.34 miles
Public District Grades KG-12
4
/10
Uplift Luna Preparatory High School
2625 Elm St
Distance between this listing and this school1.00 miles
The neighbors living near this home have an average income of $83,266. Most Dallas, TX residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1508 Sullivan Dr
What is the listing price of this property?
The listing price of 1508 Sullivan Dr property is $399,999.
What type of property is this?
The property 1508 Sullivan Dr is land located in Dallas, Texas, 75215.
Is this property for sale now?
Active Listing: 1508 Sullivan Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,459 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1508 Sullivan Dr in Dallas, TX and zip code 75215 in the South Dallas neighborhood. This home sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $399,999.
Over 0 listings were sold over their listed price in October 2024 in Dallas, TX. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Dallas, TX between September 2024 and October 2024 increased by 13.5%. In October 2024, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $260,000.
From Rocket Homes Real Estate and based on county public records data.