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$564,000

NAL Estimated Property Value

5025 Meridian Lane 3102, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,214 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$248.37 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

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

APN10C00500000400302
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 302 CE 1.76550% INT202000140645 DD05292020 CO-DC
Census Tract013628
Assessment Year2025

About this property

New construction in Addison Circle! This is the ONLY top floor Penthouse unit!! 6 unit 'Premier' building w-largest floorplans. Semi-private elevator leads to this unique 1-story flat. Expansive bright and open floorplan with 10 ft ceilings & a wall of glass with skyline views. Island kitchen opens to dining and an enormous great room designed for entertaining! Oversized terrace wired for AVP to mount your TV for the big game & outdoor living! Fabulous master suite and spa-like bath w-garden tub & walk-in shower. Huge closet! Meridian Square is centrally located in DFW! Easy access to Tollway and 190! 10 min to Plano or Uptown-Downtown! Walk to events of Addison Circle! Low Maintenance Lock & Leave Lifestyle!

Investor Tools

Property Icon
$564,000
Estimated Property Value
$0Estimated Mortgage Balance
$564,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,384 /month
Positive
Cash Flow Estimate:
$1,128 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$867/month
$367/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,584
$548,000
2025
N/A
N/A
$548,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,584
$548,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$564,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$367/mo
+$2,353/mo
5.8%

City: Addison

5025 Meridian Lane 3102 | Property Details | No Agent List