Last 24 Hours
$564,000
NAL Estimated Property Value5025 Meridian Lane 3101, Addison, TX, 75001
Off Market
3 Beds
3 Bath
2,214 Sq Ft
Condos / Townhouses
$248.37 / sqft
Built in 2019Property 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
APN10C00500000400301
Lot Number1
SubdivisionMeridian Square Condominiums
Land UseResidential
Legal DescriptionMERIDIAN SQUARE CONDOMINIUMS BLK A LT 1&2&BLK D LT 1 AC 1.533 BLDG 4 UNIT 301 CE 1.76550% INT202000107009 DD04062020 CO-DC
Census Tract013628
Assessment Year2025
About this property
Penthouse location on top floor! Brand New Luxury Condominiums in Addison Circle! Unique 1-level with no interior stairs. This is the 'Premier' building w-the largest floorplan built. Step out of your semi-private elevator to enclosed lobby. Bright and open floorplan with 10 ft ceilings! A wall of glass doors leading to the oversized terrace wired for AVP! Some Island kitchen opens to dining and an enormous great room ideal for entertaining! Fabulous master suite and spa-like bath w-stand alone 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 min to Plano or Downtown!
Investor Tools
$564,000
Estimated Property Value
$449,735Estimated Mortgage Balance
$114,265Estimated Equity
20% 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
$980/month
$377/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,945
$548,760
2025
N/A
N/A
$548,760
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,945
$548,760
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homewood Mortgage Inc
Conventional
$510,400
No
First
Apr 6, 2020
May 2050
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$449,735
$114,265
20%
80%
$3,061/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$3,438/mo
$-718/mo
5.8%
12.4%