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$120,000

NAL Estimated Property Value

3121 Park Lane 1103, Dallas, TX, 75220

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths970 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$123.71 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size9.13 acres

Building Information

Year Built1969
Stories1
Roof Type172

Land Information

APN00000597575920000
Lot Number4
SubdivisionPark Lane Townhomes Ph 2
Land UseResidential
Legal DescriptionPARK LANE TOWNHOMES PH 2 BLK A/6456 LT 4 & PT LTS 2, 3 & 5 BLDG Q UNIT 1103 CE 0.564% INT202300226018 DD11062023 CO-DC 6456
Census Tract009803
Assessed Land Value$14,570
Assessed Improvement Value$105,430
Assessment Year2025

About this property

You won't want to miss this amazing 2-bedroom, 2-bath end-unit condo with a private courtyard in West Dallas! Bright, open-concept first floor with wood-burning fireplace and updated flooring. The kitchen features a breakfast bar, black and stainless-steel appliances, a pantry, and ample cabinet space. The primary bedroom is located on the main floor, offers access to the private courtyard, and has his & her closets, and the ensuite bath features two vanities and a tile shower-tub combo. The 2nd bedroom and bath are upstairs, perfect for a roommate, child, or multi-generational living. Walk outside your door & you are at the pool! Just 10 minutes away from Preston Hollow, near top-ranked private schools, & close to everything! One covered parking space is included. Easy access to I-35, 635, Dallas North Tollway, Love Field, & a quick commute to Downtown Dallas! With Burnet Elementary School being just a short walk away, this is an opportunity you don't want to miss!

Investor Tools

Property Icon
$120,000
Estimated Property Value
$105,814Estimated Mortgage Balance
$14,186Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
$796/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,682
$120,000
2025
$14,570
$105,430
$120,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,682
$120,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Department Of Housing & Community
Stand Alone Second / Subordinate Position
$4,124
No
First
Aug 8, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,814
$14,186
11%
88%
$644/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,440/mo
+$125/mo
15.7%

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.

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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3121 Park Lane 1103 | Property Details | No Agent List