B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$535,960

NAL Estimated Property Value

1711 Novela Way, Dallas, TX, 75215

$558,301 ARV

Off Market

3 Beds

4 Bath

2,010 Sq Ft

Condos / Townhouses

$1.89 / sqft

Built in 2021

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Double Oven, Refrigerator

FlooringCeramic Tile

Exterior

Exterior FeaturesBalcony

Lot Size1,254 sqft

Building Information

Year Built2021

Stories3

Roof Type106

Garage Spaces1

Land Information

APN000917000A0340000

Lot Number34

Land UseResidential

Legal DescriptionCEDARS BLK A/917 LT 34 ACS 0.029 INT202300172991 DD08232023 CO-DC 0917 00A 03400 3DA0917 00A

Census Tract020402

Assessed Land Value$43,890

Assessed Improvement Value$492,070

Assessment Year2025

About this property

Stunning modern Spanish style townhouse featuring 3 bedrooms, large picture windows flooding the interior with abundant natural light. The exquisite design spans 4 stories, allowing for ample space and privacy. The pinnacle of luxury lies in the breathtaking rooftop terrace, offering panoramic views of the Dallas skyline and a serene retreat. A harmonious fusion of Spanish charm and contemporary elegance, this townhouse embodies the epitome of sophisticated living in the Cedars down the street from Lee Harvey's, Four Corners Brewery and so much more!

Investor Tools

$535,960

Estimated Property Value

$406,352Estimated Mortgage Balance

$129,608Estimated Equity

24% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$558,301

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,216 /month

Positive

Cash Flow Estimate:

$1,072 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,440/month

No HOA

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

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

United Wholesale Mortgage

Conventional

$427,816

First

Aug 31, 2023

Sep 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$406,352

$129,608

24%

76%

$2,565/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$2,565/mo

$-593/mo

4.4%

Learn About the Market: Opportunity in Dallas

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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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