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$540,000

5015 Meridian Lane 2106, Addison, TX, 75001

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths3 Bath
Baths2,002 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.65 / sqft
Year BuiltBuilt in 2016

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1.53 acres

Building Information

Year Built2016
Stories1
Roof Type106
Garage Spaces2

Land Information

APN10C00500000300206
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 3 UNIT 206 CE 1.64244% INT202100295264 DD10012021 CO-DC
Census Tract013628
Assessed Land Value$19,740
Assessed Improvement Value$490,770
Assessment Year2025

About this property

Beautiful spacious one story condominium in the heart of Addison. Open floor-plan with designer finishes. Gourmet kitchen with granite countertops, custom kitchen cabinets, designer chandelier & pendant lights. Grand 10 ft ceilings and wood floors thru-out every room. A private balcony with a view of the city and the pool. A glamorous master suite that has a spa-like bath with separate tub and walk-in shower. HUGE walk-in closet is a must see; built-ins, spacious island and lots of room for hanging clothes. Bonus extra storage in parking garage! A short walk to dining and events: Taste of Addison, Oktoberfest, Addison Summer Concerts & Kaboom Town just to name a few! Available for showings and lease 1-9-23.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,135/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,926
$510,510
2025
$19,740
$490,770
$510,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,926
$510,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texans Cu
Conventional
$324,925
No
First
May 28, 2021
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,887
$246,113
45%
54%
$1,949/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$1,949/mo
+$771/mo
6.0%

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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5015 Meridian Lane 2106 | Property Details | No Agent List