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For sale
  • $640,000

    5012 Wateka Dr, Dallas, TX 75209

    3beds
    1,892sqft
    : 
    $4,626/mo
    Get pre-qualified
    Single Family Residence
    Built in 1946
    8,058 Square Feet Lot
    $616,400 Zestimate®
    $338/sqft
    $-- HOA

    What's special

    Wood-burning fireplaceHardwood flooringMultiple living spacesEstablished lotMature treesGenerously sized bedrooms
    Exceptional opportunity in a highly desirable and rapidly transforming area of Dallas! 5012 Wateka Drive offers 3 bedrooms, 2 bathrooms, approximately 1,892 square feet, and two separate living areas, providing a spacious and versatile floor plan with plenty of room for entertaining, relaxing, or creating a dedicated home office. What truly sets this property apart is the location and tremendous potential for added value. Renovated and newly constructed homes throughout the surrounding area have sold for well over $1 million, giving buyers an exciting opportunity to purchase at a significantly lower price point and create a home tailored to their own style. Rather than paying a premium for someone else's renovation, move in, make improvements at your own pace, and take advantage of the potential to build substantial equity. Inside, you'll find hardwood flooring, a wood-burning fireplace, generously sized bedrooms, and multiple living spaces that provide an excellent starting point for a thoughtful renovation. The established lot features mature trees and plenty of character, while the home's existing footprint offers numerous possibilities for updating and modernizing. Whether you're looking for a primary residence with serious upside or a property where you can live while renovating and potentially create significant value in a relatively short period of time, this home presents a rare opportunity. Conveniently located near shopping, dining, major roadways, and some of Dallas' most sought-after neighborhoods, 5012 Wateka Drive combines location, space, and outstanding renovation potential. Priced to go FAST so get in while you can! Empty lots selling for 600k in this neighborhood and this is a fully functional home!
    3 days
    406
    13

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Dixon 0738886 4695504421,

    VIP Realty 214-295-4888

    Source: NTREIS,MLS#: 21372203

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Dimensions: 1 x 1
      Bedroom
      • Level: First
      • Dimensions: 1 x 1
      Bedroom
      • Level: First
      • Dimensions: 1 x 1
      Primary bathroom
      • Level: First
      • Dimensions: 1 x 1
      Dining room
      • Level: First
      • Dimensions: 1 x 1
      Other
      • Level: First
      • Dimensions: 1 x 1
      Living room
      • Level: First
      • Dimensions: 1 x 1
      Living room
      • Level: First
      • Dimensions: 1 x 1
      Appliances
      • Included: Dishwasher, Washer
      Features
      • Built-in Features, Walk-In Closet(s)
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 1,892 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Asphalt, Concrete
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 8,058 Square Feet
      Details
      • Parcel number: 00000346945000000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Detached
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1946

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Greenway Village Rev
      HOA
      • Has HOA: No
      Location
      • Region: Dallas

      Financial & listing details

      • Price per square foot: $338/sqft
      • Tax assessed value: $650,000
      • Annual tax amount: $14,474
      • Date on market: 8/28/2026
      • Cumulative days on market: 26 days

        Estimated market value

        $616,400

        $586,000 - $647,000

        $4,070/mo

        Price history

        DateEventPrice
        8/28/2026Listed for sale$640,000-2.3%$338/sqft
        Source: NTREIS #21372203 Report a problem
        8/11/2026Listing removed$655,000$346/sqft
        Source: NTREIS #21335501 Report a problem
        7/19/2026Listed for sale$655,000$346/sqft
        Source: NTREIS #21335501 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,928 +5.6%$650,000 +12.3%
        2024$7,506 +8.5%$578,760 +13.9%
        2023$6,919 -7%$508,000 +22.5%
        2022$7,444 +2.6%$414,800 +7.4%
        2021$7,253 +7.4%$386,100 +7.5%
        2020$6,752 +9.7%$359,110
        2019$6,156 +6.2%$359,110 +8.2%
        2018$5,794 +15.8%$331,930 +35.3%
        2017$5,004 +10.7%$245,310 +6.2%
        2016$4,520 +13.1%$231,080 +21%
        2015$3,996 $191,040 +5.9%
        2014$3,996 $180,340
        2013-- --
        2012-- --
        2011-- --
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        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bluffview

        Getting around

        62 / 100
        Somewhat Walkable
        0 / 100
        No Nearby Transit
        67 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Maplelawn
        • Middle: Medrano
        • High: Jefferson
        • District: Dallas ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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