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Owner Contacts

$278,200

NAL Estimated Property Value

1515 Morrell Ave, Dallas, TX, 75203

Off Market

2 Beds

1 Bath

840 Sq Ft

Single Family Residence

$95.12 / sqft

Built in 1937

Property Lead Type:

AuctionOff-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesOther

Exterior

Lot Size7,576 sqft

Building Information

Year Built1937

Stories1

Roof Type105

Land Information

APN00000293752000000

Lot Number4

SubdivisionCedar Cliff

Land UseResidential

Legal DescriptionCEDAR CLIFF BLK 2/3867 LT 4 INT202400167167 DD08142024 CO-DC 3867 002 00400 2003867 002

Census Tract021000

Assessed Land Value$90,000

Assessed Improvement Value$188,200

Assessment Year2025

About this property

Auction. ONILNE BIDDING in PROGRESS...bid till the light turns green. See the last bid online. Pre-Register, Pre-Bid immediately. Auctioneer may approve early bid award. Ask how to access the unlisted reserve. Listed amount is starting bid, auctioneer intends to increase bids. Live Onsite bidding may be eligible for 3% buyer premium concession. Auctioneer has full authorized discretion of publishing starting bid and bid increments in the auction process offline or online. Cash or Seller may consider alternate offers. Submit offers to the Auctioneer. Myers Jackson, Auctioneer under the direction of the seller may process and execute bids submitted (offers) that satisfy the sellers right to reservation, liberty of bidding, counterbidding or other rights. Subject to online or offline Terms, Conditions of Sale, Offer, Price, Seller Confirmation, 13% Buyers Premium ~ TDLR 17057

Investor Tools

$278,200

Estimated Property Value

$231,912Estimated Mortgage Balance

$46,288Estimated Equity

16% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,669 /month

Positive

Cash Flow Estimate:

$556 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$454/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$278,200

2025

$90,000

$188,200

$278,200

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$278,200

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Citadel Servicing Corporation

Commercial

$235,000

First

Aug 27, 2025

Sep 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$231,912

$46,288

16%

83%

$1,409/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,409/mo

+$156/mo

6.8%

Learn About the Market: Opportunity in Dallas

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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.

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