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$424,000

NAL Estimated Property Value

5001 Meridian Ln # 1-1102, Addison, TX, 75001

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,560 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$269.17 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Tankless Water Heater
FlooringHardwood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting
Lot Size1.53 acres

Building Information

Year Built2013
Stories1
Roof Type106
Garage Spaces1

Land Information

APN10C00500000100102
Lot Number1,1&2
SubdivisionMeridian Square Condominiums
Land UseResidential
Legal DescriptionMERIDIAN SQUARE CONDOMINIUMS BLK A LT 1&2&BLK D LT 1 AC 1.533 BLDG 1 UNIT 102 CE 1.27982% INT202300055006 DD03172023 CO-DC
Census Tract013628
Assessed Land Value$15,380
Assessed Improvement Value$390,220
Assessment Year2025

About this property

Luxury condo now available! This beautiful 1 story condominium is located in coveted Addison Circle on the first floor of the building. This open floor plan features a gourmet kitchen, dining area and enormous living room complete with hardwood floors. The second bedroom is located off of the living area and could also be used as an office or study. A private outdoor terrace is great for relaxing outside! The large master suite and master bathroom are a owners retreat complete with a huge walk-in closet. Take it easy by the pool or walk to shops & restaurants in Addison Circle. Don't miss this Gem!!!

Investor Tools

Property Icon
$424,000
Estimated Property Value
$347,500Estimated Mortgage Balance
$76,500Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,544 /month
Positive
Cash Flow Estimate:
$848 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$706/month
$383/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,352
$405,600
2025
$15,380
$390,220
$405,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,352
$405,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$369,000
No
First
Mar 17, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$347,500
$76,500
18%
82%
$2,213/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$2,596/mo
$-436/mo
6.1%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Addison

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5001 Meridian Ln # 1-1102 | Property Details | No Agent List