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$520,000

1511 Morrell Avenue, Dallas, TX, 75203

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths2,683 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.81 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Electric Range, Microwave

Exterior

Lot Size7,732 sqft

Building Information

Garage Spaces2

Land Information

APN00000293749000000
Lot Number3
SubdivisionCedar Cliff
Land UseResidential
Legal DescriptionCEDAR CLIFF BLK 2/3867 LOT 3 INT202500113934 DD05172025 CO-DC 3867 002 00300 2003867 002
Census Tract021000
Assessed Land Value$90,000
Assessment Year2025

About this property

Welcome to 1511 Morrell Ave, a stunning new construction home offering 4 bedrooms, 2 full bathrooms, 2 half bathrooms, a dedicated flex space-home office, private balcony, and 2,691 square feet of thoughtfully designed living space. Blending modern style with everyday functionality, this home features an open-concept layout that seamlessly connects the kitchen, dining, and living areas—perfect for entertaining or enjoying quality time at home. Designed to fit a variety of lifestyles, the flexible floor plan provides space for remote work, guests, hobbies, or a growing family. Large windows fill the home with natural light, while contemporary finishes create a warm and inviting atmosphere throughout. Step outside to enjoy the private balcony, an ideal spot for morning coffee or unwinding after a long day. Conveniently located just minutes from Downtown Dallas, the Bishop Arts District, the Dallas Zoo, and Halperin Park, this home offers easy access to dining, entertainment, outdoor recreation, and major employment centers. Disclaimer: Buyers are encouraged to conduct their own due diligence regarding the well and any intended future use of the property.

Investor Tools

$335,153Estimated Mortgage Balance
$208,847Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

Interested in this property?

Kymerriye Dixon

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$394/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,004
$90,000
2025
$90,000
N/A
$90,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,004
$90,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Heritage Lending
Building Or Construction Loan
$341,682
No
First
Jul 11, 2025
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,153
$208,847
38%
62%
$2,049/mo

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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