Backup offersTour
#20943253, Meagan Jiles, Listing office: Distinction International Prop
Property details
About 7554 Rice Ln
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!
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size1,248 sqft
Lot size0.126 Acres
Year built2005
ParkingDriveway, Garage Faces Front, Garage, Off Street
MLS #20981733
Attached garage2 spaces
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Electric Range, Microwave
- Basement: No
- Flooring Type: Carpet, Vinyl
- Interior: High Speed Internet, Open Floorplan, Cable TV, Walk-In Closet(s)
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Driveway, Garage Faces Front, Garage, Off Street
- Architectural Style: Detached
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $230,000
- Price/SqFt: $184
- Annual Tax Amount: $4,959
- Tax Year: 2024
- Lot: Interior Lot
- Directions: 35 to Camp Wisdom, go east turn right on Buford and Right on Weslayan and right on Rice Ln
- Year Built: 2005
- Living Area: 1,248 SqFt
- Lot Size: 0.126 Acres
- MLS Number: 20981733
- MLS Name: NTR
- Office Name: Seeto Realty
- Office Phone: (972) 509-7100
- Listing Agent: Charles Honeycutt, Sharon Bartlett
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 7/30/2025, 8:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $216,110 | $4,959 |
| 2023 | $191,150 | $4,386 |
| 2022 | $191,150 | $4,798 |
| 2021 | $159,410 | $4,144 |
| 2019 | $134,930 | $3,688 |
| 2018 | $106,820 | $3,039 |
| 2017 | $97,350 | $2,647 |
History based on county public records data.
Nearby schools
4
Wisdom Primary School
Public Charter PK-3
0.8 mi
•301 W Camp Wisdom Rd
7
T.G. Terry Elementary School
Public District EE-5
1.0 mi
•6661 Greenspan Ave
5
Umphrey Lee Elementary School
Public District EE-5
1.2 mi
•7808 Racine Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,111. Typical income of Dallas, TX residents is between $35k-100k annually. Most families are single, with kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
46%
<35k
48%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
32%
Single, No Kids
39%
Single, with Kids
11%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
26%
<11 yrs old
13%
12-17 yrs old
24%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Soccer
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Forever 21
Books-a-Million
Where do the neighbors go to eat?
Wingstop
Dominos Pizza
Church's Chicken
What do the neighbors drive?
Nissan
Mazda
Toyota
What do the neighbors listen to?
Christian Adult Contemporary
Rhythmic Contemporary Hits- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7554 Rice Ln
The listing price of 7554 Rice Ln property is $230,000.
The property 7554 Rice Ln is a house located in Dallas, Texas, 75241.
Active Listing: 7554 Rice Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7554 Rice Ln are: Wisdom Primary School (GreatSchools Rating 4/10), T.G. Terry Elementary School (GreatSchools Rating 7/10), Umphrey Lee Elementary School (GreatSchools Rating 5/10), Uplift Wisdom Secondary School (GreatSchools Rating 3/10), D a Hulcy Steam Middle School (GreatSchools Rating 8/10), Judge Louis A. Bedford, Jr. Law Academy (GreatSchools Rating 4/10), Gateway Charter Academy - Middle - High School (GreatSchools Rating 4/10), Wisdom High School (GreatSchools Rating 5/10), Kathlyn Joy Gilliam Collegiate Academy (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $4,959 (source: MLS/based on county public records data).
The property at 7554 Rice Ln has 3 bedrooms and 2 bathrooms.
The property 7554 Rice Ln is 1,248 SqFt (source: MLS/tax record).
The year of construction for 7554 Rice Ln is 2005.
This home is located at 7554 Rice Ln in Dallas, TX and zip code 75241 in the Wisdom Terrace neighborhood. This 1,248 square foot home, which was built in 2005, sits on a 0.13 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $230,000.
Between May and June 2025, Dallas, TX real estate market has seen increase in the number of listings by 7.8%. The median list price of listings available in June 2025 was $470,660, while the average time on the real estate market was 73 days.
From Rocket Homes Real Estate and based on county public records data.