- Dallas County
- University Park TX
- 75205
- Local Area: Armstrong Fairway 2nd Inst
Property Overview
This gorgeous Park Cities gem combines classic traditional elegance with updated flare and charm. Greeted with a light filled entry, flanked by formal living and dining, The center hall leads to a wet bar area which flows to the kitchen, through the back french doors creating the perfect entertainment space with lacquered woodwork, wine refrigerator, cold freezer drawers. Gourmet kitchen featuring 2 new ovens, 6 burner cook-top, island, & breakfast bar opening to a large breakfast room with banquet seating and a cozy fireplace area. The back family room boasts a fireplace with floor to ceiling transitional finish out. The folding sliding glass doors along the back allow ample natural light and open to a large covered outdoor patio & grill area. The peaceful master suite has a warm fireplace & the adjoining sitting area is perfect for relaxing or even a home office option. Three nicely appointed secondary bedrooms with 2 baths. Take a dip in the sparkling pool with hot tub & waterfall or enjoy a relaxing evening meal on the vine covered stoned patio featuring another fireplace. Full guest quarters with full bath over the 2-car garage. Walkability to Scots games, Highland Park Village, Bradfield & HPHS. Don't miss this one! Call agent to meet.
Featured spaces
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Property highlights
Year Built 1941
School District Highland Park Isd
HOA No HOA
Pool Pool + Spa
Parking 2-car garage, 2 covered
Architecture Traditional,Detached
Fireplace 5 Fireplaces
Neighborhood Armstrong Fairway 2nd Inst
Full Property Details
Property Details
Quick Details
- Price $4,095,000
- Status Activeundercontract
- Bedrooms 4
- Bathrooms 4
- Square Feet 4,869 Sq Ft
- Lot Size 0.24 acres
- Lot Size Sq Ft 10,498
- Year Built 1941
- Price / Sq Ft $841 / Sq Ft
- MLS # 21385181
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Dallas
- Subdivision Armstrong Fairway 2nd Inst
- Days on Market 34
Home Details
- Full Baths 3
- Half Baths 1
- Foundation Pillar Post Pier, Slab
- Roof Composition, Metal
- Flooring Carpet, Ceramic Tile, Marble, Wood
- Heating Central, Natural Gas, Zoned
- Cooling Central Air, Electric, Zoned
Kitchen & Interior
- Appliances Built In Refrigerator, Double Oven, Dishwasher, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Wine Cooler
- Interior Features Wet Bar, Decorative Designer Lighting Fixtures, Cable Tv
- Fireplaces 5
- Fireplace Features Den, Gas Log, Gas Starter, Living Room, Primary Bedroom, Wood Burning
Lot & Exterior
- Lot Features Interior Lot, Landscaped, Other, Many Trees, Sprinkler System
- Exterior Features Gas Grill, Rain Gutters
- Fencing Wood
- Pool Features Gunite, In Ground, Pool, Pool Spa Combo
Parking
- Parking Driveway, Garage
- Garage Spaces 2
- Covered Parking 2
- Attached Garage No
Taxes & HOA
- Annual Taxes $47,737
Utilities
- Utilities Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Bradfield — Highland Park ISD
- Middle Highland Park,Mcculloch — Highland Park ISD
- High Highland Park — Highland Park ISD
Listing Information
- MLS Board NTREIS
- List Date 09/12/2026
- Source Updated 10/16/2026
- Last Updated 10/21/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 4308 Mcfarlin Boulevard
Dallas Central Appraisal District records for 4308 Mcfarlin Boulevard, University Park, TX 75205 show a CAD market value of $4,517,930 and a net appraised value of $3,851,274. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Dallas Central Appraisal District property-tax and appraisal records for 4308 Mcfarlin Boulevard, University Park, TX 75205, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Dallas Central Appraisal District Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $2,257,500 + Improvement Value $2,260,430 = CAD Market Value $4,517,930
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $2,260,430 Total Area: 4869 Sqft Living Area: 4869 Sqft
| Additional Feature / Structure | Type / Details | Area / Quantity |
|---|---|---|
| DETACHED GARAGE | — | 600 Sqft |
| DETACHED QUARTERS | — | 600 Sqft |
| POOL | — | 1 pool |
| OUTDOOR LIVING AREA | — | 120 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
Statutory 10% limitation on annual increase in appraised value for qualifying residence homestead (Texas Tax Code § 23.23). This is an appraisal-stage limitation, not a local taxing jurisdiction exemption.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $4,517,930 − All Current CAD Reductions -$666,656 = Current Taxed Starting Point $3,851,274
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
UNIVERSITY PARK |
$3,081,020 | 0.2186 | $9,875 | -$3,141 | $6,734 |
|
School District
HIGHLAND PARK ISD |
$2,941,020 (H) | 0.8347 | $37,711 | -$13,162 | $24,549 |
|
County
DALLAS COUNTY |
$3,081,020 | 0.2155 | $9,736 | -$3,097 | $6,640 |
|
College
DALLAS COLLEGE |
$3,081,020 | 0.1066 | $4,815 | -$1,531 | $3,284 |
|
Hospital District
PARKLAND HOSPITAL |
$3,081,020 | 0.2120 | $9,578 | -$3,046 | $6,532 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $71,715 − Est. Tax Reductions / Savings $23,977 = Est. Taxes (With Current Exemptions) $47,738
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $23,977. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $47,738 with the exemptions shown today and $71,715 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $1,260,000 | $425,000 | $1,685,000 | — | — |
| 2022 | $1,260,000 | $1,633,520 | $2,893,520 | — | +$1,208,520 / +71.72% |
| 2023 | $1,260,000 | $1,633,520 | $2,893,520 | — | — |
| 2024 | $1,890,000 | $2,624,110 | $4,514,110 | $3,182,872 | +$1,620,590 / +56.01% |
| 2025 | $1,890,000 | $2,624,110 | $4,514,110 | $3,501,159 | — |
| 2026 | $2,257,500 | $2,260,430 | $4,517,930 | $3,851,274 | +$3,820 / +0.08% |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $4,095,000 − Current CAD Market Value $4,517,930 = Under CAD Value -$422,930 (-9.4%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND ARMSTRONG FAIRWAY 2ND INST
A curated look at local favorites, everyday stops, and lifestyle context near this property.