The home referenced in your quiry is located in Sunnyvale, which is located approximately 15 miles east of downtown Dallas. This area is very different from what we refer to as "North Dallas". Sunnyvale is considered "country living" compared to North Dallas. Most of the homes sit on large lots with many of the subdivisions restricted to a minimum of 1 acre.
The schools, shopping, and lifestyle (not to mention the traffic) are as different as night and day. I would highly recommend Sunnyvale, as well as Forney and Rockwall, all located east of Dallas and near beautiful Lake Ray Hubbard.
I lived in the Lakewood section of Dallas over 20 years and love it also. It's closer in the downtown and is closer to the arts district, Whiterock Lake (inner city lake built in 1922) etc. The home prices are much higher, you won't get the house you are looking for there.
If you would like, shoot me an e mail with a few more parameters and I'll set you up on an e mail gateway that will allow you access to MLS listings and you can get a feel for a few of the areas and the pricing.
Best of luck