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$540,000

NAL Estimated Property Value

5015 Meridian Lane 2106, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,002 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$234.72 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

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

LARGEST FLOORPLAN BUILT AND IN THE NEWEST COMPLETED BUILDING!! The owner added $23K in designer décor & upgrades AFTER purchase. ALMOST NEW condominium FLAT! 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 centrally located in the middle of DFW with easy access to Tollway and 190 Turnpike!

Investor Tools

Property Icon
$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

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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%

City: Addison

5015 Meridian Lane 2106 | Property Details | No Agent List