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$463,000

NAL Estimated Property Value

1505 Elm St Apt 1203, Dallas, TX, 75201

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,045 Sq Ft
price_per_sqft$224.45 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Microwave, Water Softener, Wine Cooler
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Lot Size10,000 sqft

Building Information

Year Built1957
Stories1
Roof Type172
Garage Spaces2

Land Information

APN00C18160000001203
Lot Number21-22
Subdivision1505 Elm Street Condominiums
Land UseResidential
Legal Description1505 ELM STREET CONDOMINIUMS BLK 75 LTS 21 & 22 UNIT 1203 CE% 1.806 INT202400021284 DD01312024 CO-DC 0075 000 021 1000075 000
Census Tract003103
Assessed Land Value$17,160
Assessed Improvement Value$422,520
Assessment Year2025

About this property

Discover the epitome of urban living in this elegantly updated condo in the heart of Downtown Dallas. Arrive to on-site valet and 24-7 concierge in this boutique high rise originally built as the Dallas Savings & Loan building. Enter to a light & bright open-concept floorplan w-warm wood floors, museum finish walls & stunning views of the Thompson Hotel pool. The spacious gourmet kitchen features premium appliances, custom cabinets, wine cooler, pantry & ample counter space w-under cabinet lighting. Enjoy living spaces w-stylish fireplace & custom media wall creating the perfect versatility for entertaining or relaxing. Primary suite has large window & spa-like bath w-jetted tub & huge walk-in closet. Enjoy large 2nd bedroom plus 3rd currently used as office. Don’t miss the 9x7 storage closet in the hall & the multitude of amenities including recently updated fitness center, theater, 5th level rooftop deck w-pool & pet relief area, game room & wine vault. Truly a one-of-a-kind hi rise!

Investor Tools

Property Icon
$463,000
Estimated Property Value
$0Estimated Mortgage Balance
$463,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,778 /month
Positive
Cash Flow Estimate:
$926 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
$2,085/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,600
$439,680
2025
$17,160
$422,520
$439,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,600
$439,680

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$463,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,085/mo
+$875/mo
7.7%

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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1505 Elm St Apt 1203 | Property Details | No Agent List