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$538,500

5015 Meridian Lane 1106, Addison, TX, 75001

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,002 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$268.98 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1.53 acres

Building Information

Year Built2016
Stories1
Roof Type106
Garage Spaces2

Land Information

APN10C00500000300106
Lot Number1
SubdivisionMeridian Square Condominiums
Land UseResidential
Legal DescriptionMERIDIAN SQUARE CONDOMINIUMS BLK A LT 1&2&BLK D LT 1 AC 1.533 BLDG 3 UNIT 106 CE 1.64244% INT202300230090 DD11082023 CO-DC
Census Tract013628
Assessment Year2025

About this property

Meridian Square Condominiums are located in the heart of Addison! Walk to nearby shops & restaurants! Fabulous 1 story floorplan is open with lots of natural light! Located on first floor just above the covered & gated garage! Walk one flight of stairs from garage or take the elevator just steps from front door! 8 ft doors and 10 ft ceilings! Walk inside and be impressed with the open concept space with wood floors throughout! Kitchen has 42-inch cabinets, quartz counters, stainless appliances & gas range with electric oven! Three split bedrooms and three full baths! Primary bedroom with ensuite bath with double sinks, garden tub, separate stand-up shower & huge 14 x 9 closet with seasonal upper rack for enhanced storage! Middle bedroom has ensuite bath with vanity and tub! Front bedroom could be a study & has a full bath just around the corner with standup shower! Covered balcony with view of pool in the distance! Negotiable items include refrigerator, washer & dryer!

Investor Tools

Property Icon
$510,510
Estimated Property Value
$0Estimated Mortgage Balance
$510,510Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,231 /month
Positive
Cash Flow Estimate:
$1,077 /month

Interested in this property?

Sandra Breedlove

RE/MAX DFW Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$712/month
$728/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,997
$510,510
2025
N/A
N/A
$510,510
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,997
$510,510

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$510,510
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$728/mo
+$1,992/mo
6.4%

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.

Explore Texas Explore This Area
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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