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For sale
    • $719,000

    5516 Forest Ln, Dallas, TX 75230

    3beds
    1,912sqft
    : 
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    Single Family Residence
    Built in 1956
    0.35 Acres Lot
    $688,000 Zestimate®
    $376/sqft
    $-- HOA

    What's special

    Rare opportunity to secure over one-third of an acre in the prestigious Inwood Road Estates neighborhood—an ideal setting to create your custom dream home. The primary value is in the land. The current residence is leased month-to-month, offering immediate income potential or flexibility for redevelopment.
    145 days
    |
    266
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Sue Mardock 0705813 817-999-4205,

    Ready Real Estate LLC 817-569-8200

    Source: NTREIS,MLS#: 21177249

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Dimensions: 15 x 13
      Living room
      • Level: First
      • Dimensions: 20 x 10
      Appliances
      • Included: Dishwasher, Disposal
      Features
      • Cable TV
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Masonry
      Interior area
      • Total interior livable area: 1,912 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Concrete, Drive Through
      • Attached garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 0.35 Acres
      Details
      • Parcel number: 00000577138000000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Detached
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1956

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Inwood Road Estates
      HOA
      • Has HOA: No
      Location
      • Region: Dallas

      Financial & listing details

      • Price per square foot: $376/sqft
      • Tax assessed value: $652,080
      • Annual tax amount: $14,574
      • Date on market: 2/12/2026
      • Cumulative days on market: 75 days
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $688,000

        $654,000 - $722,000

        $3,935/mo

        Price history

        DateEventPrice
        2/12/2026Listed for sale$719,000+43.8%$376/sqft
        Source: NTREIS #21177249 Report a problem
        6/14/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/2/2023Listed for rent$4,100+15.5%$2/sqft
        Source: Zillow Rentals Report a problem
        4/14/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        3/6/2022Listed for rent$3,550$2/sqft
        Source: Zillow Rental Manager Report a problem
        2/8/2022Sold--
        Source: NTREIS #14620250 Report a problem
        1/11/2022Pending sale$500,000$262/sqft
        Source: NTREIS #14620250 Report a problem
        12/9/2021Price change$500,000-0.8%$262/sqft
        Source: NTREIS #14620250 Report a problem
        10/7/2021Listed for sale$504,000+10.8%$264/sqft
        Source: NTREIS #14620250 Report a problem
        8/10/2020Listing removed$455,000$238/sqft
        Source: Dave Perry-Miller - Park Cities #14372753 Report a problem
        7/23/2020Price change$455,000-0.9%$238/sqft
        Source: Dave Perry-Miller - Park Cities #14372753 Report a problem
        7/1/2020Listed for sale$459,000+21.1%$240/sqft
        Source: Dave Perry Miller Real Estate #14372753 Report a problem
        2/14/2017Listing removed$379,000$198/sqft
        Source: The Property Shop #13442771 Report a problem
        1/17/2017Pending sale$379,000$198/sqft
        Source: The Property Shop #13442771 Report a problem
        10/21/2016Price change$379,000-2.6%$198/sqft
        Source: The Property Shop #13442771 Report a problem
        9/3/2016Pending sale$389,000$203/sqft
        Source: The Property Shop #13442771 Report a problem
        8/16/2016Listed for sale$389,000+17581.8%$203/sqft
        Source: The Property Shop #13442771 Report a problem
        5/25/2015Listing removed$2,200$1/sqft
        Source: The Property Shop #13108709 Report a problem
        5/24/2015Price change$2,200-99.5%$1/sqft
        Source: The Property Shop #13108709 Report a problem
        5/12/2015Price change$419,000-4.6%$219/sqft
        Source: The Property Shop #13108709 Report a problem
        4/23/2015Price change$439,000-2.4%$230/sqft
        Source: The Property Shop #13108709 Report a problem
        3/22/2015Listed for sale$449,900+87.5%$235/sqft
        Source: The Property Shop #13108709 Report a problem
        12/24/2014Listing removed$240,000$126/sqft
        Source: Keller Williams - Allen #13061930 Report a problem
        12/12/2014Pending sale$240,000$126/sqft
        Source: Keller Williams - Allen #13061930 Report a problem
        12/7/2014Listed for sale$240,000$126/sqft
        Source: Keller Williams Realty Allen #13061930 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,626 +19.6%$652,080 +27.9%
        2024$11,397 +1.4%$509,940 +4.1%
        2023$11,244 -8.6%$490,000
        2022$12,301 +43.8%$490,000 +23.6%
        2021$8,553 -3.8%$396,590 -1%
        2020$8,887 -0.2%$400,490
        2019$8,906 +6%$400,490 +10.6%
        2018$8,401 -6.5%$362,140 +9.6%
        2017$8,987 +8.5%$330,500 +8.5%
        2016$8,281 +237.9%$304,540 +22.8%
        2015$2,451 $248,050 -1.6%
        2014$2,451 $252,010
        2013-- --
        2012-- --
        2011-- --
        2010-- --
        2009-- --
        2008-- --
        2007-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Preston Royal

        Getting around

        57 / 100
        Somewhat Walkable
        31 / 100
        Some Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Pershing
        • Middle: Benjamin Franklin
        • High: Hillcrest
        • 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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