Last 24 Hours
$564,000
NAL Estimated Property Value5025 Meridian Lane 1102, Addison, TX, 75001
Off Market
3 Beds
3 Bath
2,214 Sq Ft
Condos / Townhouses
$225.38 / sqft
Built in 2019Property Lead Type:
Off-Market ListHigh 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
APN10C00500000400102
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 4 UNIT 102 CE 1.76550% INT202000009196 DD01072020 CO-DC
Census Tract013628
Assessed Land Value$21,220
Assessed Improvement Value$527,540
Assessment Year2025
About this property
New Luxury Condominiums in Addison Circle! Unique 1-story Floorplans with no stairs! This is the 'Premier' building w-the largest floorplans. 3 bdrm-3 full baths or 2-bdrm w-study! Unsurpassed quality features Quartz countertops, wood floors, Bertazonni SS appliances, solid core doors and much more! Built with exquisite detail. Bright and open floorplans with 10 ft ceilings! Gourmet kitchen opens to dining and an enormous great room with a private terrace for outdoor living! Fabulous master suite and spa-like bath w-garden tub and walk-in shower. Huge closet!! Relax by the pool or walk to dining & events! Centrally located in DFW w-easy access to Tollway and 190 Turnpike! 10 minutes to Plano or Downtown!
Investor Tools
$564,000
Estimated Property Value
$331,490Estimated Mortgage Balance
$232,510Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,384 /month
Positive
Cash Flow Estimate:
$1,128 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$868/month
$377/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,598
$548,760
2025
$21,220
$527,540
$548,760
No
Tax History
Year
Tax Paid
Assessed Value
2024
$7,598
$548,760
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$378,580
No
First
Jan 7, 2020
Jan 2030
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,490
$232,510
41%
59%
$2,270/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$2,647/mo
+$73/mo
5.8%
12.4%