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$515,000

5015 Meridian Ln Unit 2101, Addison, TX, 75001

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,900 Sq Ft
price_per_sqft$271.05 / 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
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Microwave
FlooringCarpet, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting
Lot Size1.53 acres

Building Information

Year Built2016
Stories1
Roof Type106
Garage Spaces2

Land Information

APN10C00500000300201
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 201 CE 1.55876% INT202200217679 DD08082022 CO-DC
Census Tract013628
Assessment Year2025

About this property

Welcome to this beautifully designed 2 bedroom condo with a versatile bonus room that's perfect for a home office, workout space, or guest room. Each bedroom features its own private bathroom, offering comfort and privacy for everyone. The spacious primary suite is a true retreat, complete with dual vanities, a large walk in shower, a relaxing garden tub, and oversized walk in closet and a generous linen closet for additional storage. The open concept floor plan is ideal for both everyday living and entertaining, featuring a large kitchen island, abundant cabinetry, a gas cooktop, built in microwave, and plenty of workspace. The adjoining living and dining areas create a bright, welcoming space to gather or simply unwind. Step outside to your private covered balcony overlooking the community pool, the perfect spot to enjoy your morning coffee or relax at the end of the day. Located in prime location. You are front row from Kaboom town. You'll enjoy the convenience of being minutes away from Addison Circle and restaurants, shops and entertainment. Covered garage parking, secure access and a true lock and leave lifestyle make this low maintenance condo an exceptional place to call home.

Investor Tools

$0Estimated Mortgage Balance
$613,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,678 /month
Positive
Cash Flow Estimate:
$1,226 /month

Interested in this property?

Donna Leibow

Keller Williams Central

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$961/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,470
$589,000
2025
N/A
N/A
$589,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,470
$589,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$589,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$550/mo
+$2,170/mo
5.3%

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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5015 Meridian Ln Unit 2101 | Property Details | No Agent List