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$427,000

NAL Estimated Property Value

15831 Spectrum Dr # 20-181, Addison, TX, 75001

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,778 Sq Ft
price_per_sqft$236.22 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Tile, Wood

Exterior

Lot Size6.03 acres

Building Information

Year Built2005
Stories3
Roof Type172
Garage Spaces2

Land Information

APN10C05500002000181
SubdivisionTownhomes Of District A Ph 1-11
Land UseResidential
Legal DescriptionTOWNHOMES OF DISTRICT A PH 1-11 ALL BLKS A,B,D, & E ACS 6.029 BLDG 20 UNIT 181 CE .52% INT202300150613 DD07272023 CO-DC
Census Tract013628
Assessed Land Value$24,580
Assessed Improvement Value$393,250
Assessment Year2025

About this property

Idyllic location in the heart of North Dallas with easy access to all the shops, restaurants and parks that Addison has to offer. Featuring 2 bedrooms and 2.5 baths, this 2-car garage townhome features a bright open floor plan, kitchen with stainless appliances, hardwood floors, spacious rooms and neutral paint that can complement any style. The first floor has a private guest room with en-suite bath and walk-in closet. The second floor enjoys an open floor plan with the kitchen, dining and living room and the third level features an oversized owner's suite with sitting area, balcony, large bathroom with separate shower, soaking tub, dual vanities and a huge walk-in closet. The HOA dues cover gas, water, alarm monitoring, trash and recycling. Additional Notes: Investors - the HOA requires owner residency for one year prior to any lease being allowed. Please also note that the seller's tenant just moved out and patched the walls but the next owner will need to repaint the interior.

Investor Tools

Property Icon
$427,000
Estimated Property Value
$290,156Estimated Mortgage Balance
$136,844Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,562 /month
Positive
Cash Flow Estimate:
$854 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$923/month
$395/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,942
$417,830
2025
$24,580
$393,250
$417,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,942
$417,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$306,000
No
First
Jul 27, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,156
$136,844
32%
68%
$1,835/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$2,230/mo
$-70/mo
6.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Addison

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15831 Spectrum Dr # 20-181 | Property Details | No Agent List