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$1,240,000

NAL Estimated Property Value

4240 Prescott Avenue 5A, Dallas, TX, 75219

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,390 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$481.17 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringMarble, Other, Wood

Exterior

Lot Size28,662 sqft

Building Information

Year Built2004
Stories1
Roof Type110
Garage Spaces2

Land Information

APN00C1488000000005A
Lot Number12B
SubdivisionDrexel Highlander Condominiums
Land UseResidential
Legal DescriptionPARK HIGHLANDER CONDOS BLK 13/2028 LT 12B ACS 0.658 UNIT 5A CE%2.06 INT202400065237 DD04012024 CO-DC 2028 013 12B00 1DA2028
Census Tract000607
Assessed Land Value$50,190
Assessed Improvement Value$1,189,810
Assessment Year2025

About this property

Beautiful 2 bedroom, 2-1 half bath condo in the desirable Park Highlander. The limited access elevator opens directly to the private foyer, and the elegant, expansive living areas with 10 ft ceilings. Scenic treetop views of Highland Park to the North can be enjoyed from any of 6 Juliette balconies. Beautiful honed-marble island sets the scene for the gourmet kitchen, uniquely remodeled for open-plan living, with custom cabinets, and Wolf, Viking, Sub-Zero, Bosch, and Thermador appliances. Bedrooms have wood floors, ensuite bathrooms, honed-marble vanities and walk-in closets. Master bathroom has separate vanities and shower, and a jetted tub. Upgraded electric switches, outlets, and adjustable LED can-lights.

Investor Tools

Property Icon
$1,240,000
Estimated Property Value
$836,941Estimated Mortgage Balance
$403,059Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,440 /month
Positive
Cash Flow Estimate:
$2,480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,742/month
$1,577/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,709
$1,240,000
2025
$50,190
$1,189,810
$1,240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,709
$1,240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$920,000
No
First
Aug 18, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$836,941
$403,059
32%
67%
$5,516/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,170/mo
$7,093/mo
$-4,923/mo
2.1%

City: Dallas

4240 Prescott Avenue 5A | Property Details | No Agent List