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$475,000

NAL Estimated Property Value

5013 Morris Ave # 3-19, Addison, TX, 75001

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,982 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$239.66 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony
Lot Size6.03 acres

Building Information

Year Built2005
Stories3
Roof Type172
Garage Spaces2

Land Information

APN10C05500000300019
SubdivisionTownhomes Of District A Ph 1-11
Land UseResidential
Legal DescriptionTOWNHOMES OF DISTRICT A PH 1-11 ALL BLKS A,B,D, & E ACS 6.029 BLDG 3 UNIT 19 CE .56% INT 202400063031 DD03282024 CO-DC
Census Tract013628
Assessed Land Value$26,470
Assessed Improvement Value$448,530
Assessment Year2025

About this property

Welcome to urban living at its finest in the heart of Addison Circle! This stunning 2 bed, 2.1 bath tri-level condo boasts 1,982 sq ft of modern luxury. The sleek, upscale design features an open floor plan with a spacious living area perfect for entertaining. Enjoy the urban vibe with a cool patio, ideal for relaxing after a long day or hosting friends. The kitchen is a chef's dream with stainless steel appliances, granite countertops, and plenty of storage space. The location is unbeatable, with neighborhood bistros, trendy shops, and local amenities just steps away. With its central location and young professional atmosphere, this condo is perfect for those looking for a vibrant, walkable community to call home. Don't miss out on this incredible opportunity to live in one of North Dallas' most sought-after neighborhoods. Schedule your showing today and make this urban oasis your new home! **Washer, dryer and fridge convey with sale**

Investor Tools

Property Icon
$475,000
Estimated Property Value
$365,156Estimated Mortgage Balance
$109,844Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$883/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,225
$475,000
2025
$26,470
$448,530
$475,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,225
$475,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$380,000
No
First
Mar 28, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$365,156
$109,844
23%
77%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$2,639/mo
$-479/mo
5.5%

Learn About the Market: Opportunity in Texas

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Explore

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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5013 Morris Ave # 3-19 | Property Details | No Agent List