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$535,960

NAL Estimated Property Value

1707 Novela Way, Dallas, TX, 75215

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,999 Sq Ft
price_per_sqft$310.16 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Plumbed For Ice Maker, Refrigerator
FlooringCeramic Tile, Luxury Vinyl Plank

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size1,254 sqft

Building Information

Year Built2021
Stories3
Roof Type106
Garage Spaces1

Land Information

APN000917000A0350000
Lot Number35
Land UseResidential
Legal DescriptionCEDARS BLK A/917 LT 35 ACS 0.029 INT202200313468 DD12092022 CO-DC 0917 00A 03500 3DA0917 00A
Census Tract020402
Assessed Land Value$43,890
Assessed Improvement Value$492,070
Assessment Year2025

About this property

Unique opportunity to purchase a highly desired unit in Phase 2 at the Mirar at the Cedars project. Buyer backed out due to personal reasons not related to the project. This unit has most breathtaking view of downtown from the private rooftop deck. The property features level-4 finished walls with three actually functional sized bedrooms with en-suite baths. The kitchen features waterfall countertops and high-end Samsung appliances. The fourth floor features a bonus room plumbed for water, giving this space endless uses including an office, small gym or wet bar. The community will be fully gated with a dog park. This gorgeous fee-simple Modern-Spanish community has it all!

Investor Tools

Property Icon
$535,960
Estimated Property Value
$551,783Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,720 /month
Positive
Cash Flow Estimate:
$1,240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,440/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,606
$535,960
2025
$43,890
$492,070
$535,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,606
$535,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$589,000
No
First
Dec 9, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$551,783
N/A
0%
103%
$3,532/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$4,057/mo
$-2,085/mo
4.4%

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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1707 Novela Way | Property Details | No Agent List