Last 24 Hours
$540,000
NAL Estimated Property Value5015 Meridian Lane 2106, Addison, TX, 75001
Off Market
3 Beds
3 Bath
2,002 Sq Ft
Condos / Townhouses
$249.7 / sqft
Built in 2018Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 3
Indoor Fireplace
Heating Central
CoolingAppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood
Exterior
Private PoolExterior 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
DEADLINE TO SUBMIT IS 5 PM-WEDNESDAY 9-8. MULTIPLE OFFERS RECEIVED! ALMOST NEW condominium FLAT with no stairs! Largest floorplan in Phase III. Prior owner added $23K in designer upgrades after the builder purchase. Gorgeous granite countertops, custom kitchen cabinets, LED Mirrors, designer chandelier & pendant lights, wood floors thru-out & much more! Bright and open floorplan w-10 ft ceilings! Gourmet kitchen opens to dining and an enormous great room! A private terrace for outdoor living. Fabulous master suite has a spa-like bath with separate tub and walk-in shower. Immense master closet with an island & built-ins! Relax by the pool or walk to dining & events! Addison circle is located in the heart of DFW
Investor Tools
$540,000
Estimated Property Value
$293,887Estimated Mortgage Balance
$246,113Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,240 /month
Positive
Cash Flow Estimate:
$1,080 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,135/month
$341/month
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
$2,290/mo
+$430/mo
6.0%
12.4%