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Days130Days on Market
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$429,000

1900 S Ervay Street 509, Dallas, TX, 75215

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,133 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$378.64 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Other, Wine Cooler
FlooringLaminate, Other, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Outdoor Grill, Other
Lot Size26,180 sqft

Building Information

Year Built2022
Stories5
Garage Spaces461

Land Information

APN00000133636000000
Lot Number4
Land UseResidential
Legal DescriptionMANSFIELD R A BLK C/917 LTS 2-3 PT LT 4 ABND ALLEY ACS 0.6010 INT201700156353 DD06022017 CO-DC 0917 000 00200 2DA0917 000
Census Tract020402
Assessed Land Value$850,850
Assessed Improvement Value$14,488,870
Assessment Year2025

About this property

*Ask about Buyer Incentives, including a 2-1 buydown with the Preferred Lender!* Welcome to Unit 509 at The Ruston, a newly completed new-construction residence offering panoramic Downtown Dallas skyline views and refined modern living on the edge of the city’s urban core. This exclusive condominium building sets the standard for sophisticated living, combining striking architecture with world-class amenities in the heart of the vibrant Cedars neighborhood, just minutes from premier dining, shopping, entertainment, and cultural attractions. This architectural masterpiece features 58 luxury condominium residences, each meticulously crafted with premium materials and thoughtful design Residents enjoy access to a full suite of resort-style amenities, including a community reflection pool, state-of-the-art fitness center, media room, wine room, game room, clubhouse, conference room, dog run with dog-washing station, pickleball court, putting green, and an outdoor lounge with grilling areas, ideal for entertaining or unwinding in style. Unit 509 offers 1,133 square feet, featuring 1 bedroom + 1.5 bathroom and an oversized office space. The open-concept interior showcases high ceilings, designer fixtures, and upscale finishes, highlighted by a chef’s kitchen with a 6-burner Bertazzoni gas range, Bosch refrigerator, wine cooler, pot filler, under-cabinet lighting, and soft-close cabinetry. Built-in surround sound speakers, an electric fireplace, and private balcony enhance both comfort and functionality.

Investor Tools

$374,710Estimated Mortgage Balance
$14,965,010Estimated Equity
97% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$92,038 /month
Positive
Cash Flow Estimate:
$30,679 /month

Interested in this property?

Courtney Michalek

Agency Dallas Park Cities, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$26,503/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$241,332
$15,339,720
2025
$850,850
$14,488,870
$15,339,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$241,332
$15,339,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$375,250
No
First
Apr 3, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$374,710
$14,965,010
97%
2%
$2,250/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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1900 S Ervay Street 509 | Property Details | No Agent List