Street View

B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$1,226,000

NAL Estimated Property Value

3401 Lee Parkway 1503, Dallas, TX, 75219

Off Market

2 Beds

3 Bath

2,310 Sq Ft

Condos / Townhouses

$476.19 / sqft

Built in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan

FlooringCarpet, Hardwood, Marble

Exterior

Lot Size1.96 acres

Building Information

Year Built1998

Stories1

Roof Type172

Garage Spaces2

Land Information

APN00C45550000001503

Lot Number1C

SubdivisionMayfair At Turtle Creek Condos

Land UseResidential

Legal DescriptionMAYFAIR AT TURTLE CREEK CONDOS BLK 1/1041 LT 1C ACS 1.9634 UNIT 1503 CE 0.7269% INT202400067681 DD04032024 CO-DC 1041 001 01C

Census Tract000605

Assessed Land Value$77,720

Assessed Improvement Value$996,430

Assessment Year2025

About this property

Sought after Mayfair home with direct views to Turtle Creek Park and Downtown Dallas. Two bedrooms with en-suite bathrooms plus a a Den-Office with a Murphy Bed and built ins. The Mayfair includes the Sky Club room that allows you for event planning, the Mayfair room has a flat screen TV and a pool table, Fitness and Pool located on the third floor. HOA includes water gas gas. Two parking spaces assigned P2-132 and 133. Storage Unit P2-35. The Mayfair requires 2 months of HOA dues towards reserves, $350 transfer fee, $300 Elevator Move in fee.

Investor Tools

$1,226,000

Estimated Property Value

$554,940Estimated Mortgage Balance

$671,060Estimated Equity

54% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,356 /month

Positive

Cash Flow Estimate:

$2,452 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,511/month

$1,756/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$24,008

$1,074,150

2025

$77,720

$996,430

$1,074,150

Tax History

Year

Tax Paid

Assessed Value

2024

$24,008

$1,074,150

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Primelending

Purchase Money Mortgage

$530,000

First

Mar 30, 2007

Apr 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$554,940

$671,060

54%

45%

$5,469/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,170/mo

$7,225/mo

$-5,055/mo

2.1%

Learn About the Market: Opportunity in Dallas

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