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Days75Days on Market
Views1view

$365,000

1200 Main Street 1506, Dallas, TX, 75202

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,379 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$264.68 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size1.03 acres

Building Information

Year Built1974
Stories1
Roof Type172
Garage Spaces2

Land Information

APN00C46200000001506
Lot Number1A
SubdivisionMetropolitan @ 1200 Main St Condo
Land UseResidential
Legal DescriptionMETROPOLITAN @ 1200 MAIN ST CONDO BLK 68 LOT 1A ACS 1.0331 UNIT 1506 CE%0.421 INT201700049457 DD02172017 CO-DC 0068 000 00300
Census Tract003102
Assessed Land Value$18,000
Assessed Improvement Value$443,970
Assessment Year2025

About this property

Welcome to the 15th floor of The Metropolitan in Downtown Dallas, where expansive city views take center stage. This highly sought after Corner unit features a split two bedroom, two bath floor plan with near panoramic views of Reunion Tower, Civic Garden, and Bank of America Plaza. The residence features a flexible bonus area, ideal for a home office or reading nook. The kitchen is appointed with granite countertops and recently updated stainless steel appliances. The primary suite includes a large walk-in closet, while the primary bath offers a separate soaking tub and walk in shower. Refrigerator, Washer and dryer are included, making this a truly turn key home. Tandem parking for two is conveniently located on the second floor. AC replaced in 2021. Building amenities include a resort style pool, grilling and outdoor living areas, full fitness center, private theater, conference and community rooms, guest suite, and hobby room. 24-7 concierge service handles deliveries with ease. Enjoy a walkable lifestyle with close proximity to AT&T Discovery District, flagship Neiman Marcus, the Dallas Arts District, Klyde Warren Park, and an abundance of dining and retail options.

Investor Tools

$22,830Estimated Mortgage Balance
$439,140Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

Interested in this property?

Shawn Newton

Coldwell Banker Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,103/month
$1,231/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,929
$461,970
2025
$18,000
$443,970
$461,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,929
$461,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Countrywide Home Loans Inc
Stand Alone Second / Subordinate Position
$44,839
No
First
Jun 18, 2007
Jul 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$22,830
$439,140
95%
5%
$269/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,030/mo
$1,500/mo
+$530/mo
5.3%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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1200 Main Street 1506 | Property Details | No Agent List