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$539,000

NAL Estimated Property Value

5029 Morris Avenue, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,485 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$173.04 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size6.03 acres

Building Information

Year Built2005
Stories3
Roof Type172
Garage Spaces2

Land Information

APN10C05500000300027
SubdivisionTownhomes Of District A Ph 1-11
Land UseResidential
Legal DescriptionTOWNHOMES OF DISTRICT A PH 1-11 ALL BLKS A,B,D, & E ACS 6.029 BLDG 3 UNIT 27 CE .65% INT202300241134 DD11272023 CO-DC
Census Tract013628
Assessed Land Value$30,730
Assessed Improvement Value$504,270
Assessment Year2025

About this property

Location, Location Location!!! 3 bedroom, 3 bath sitting the heart of Addison Circle near renowned Galleria mall. Enjoy convenience of being walking distance to amazing restaurants, shopping and Bosque Park. Condo features upgrades such as stainless steel appliances, hardwood floors and granite countertops throughout. Kitchen showcases stunning oversized island and bar top that accommodates 7 seats. Guest room or study on the first floor, and Master suite and 3rd bedroom on third floor! End unit provides for additional windows and tons of natural light! 2 car garage makes for spacious living in the city! Don't miss out on this gem!

Investor Tools

Property Icon
$539,000
Estimated Property Value
$0Estimated Mortgage Balance
$539,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,179/month
$280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,450
$535,000
2025
$30,730
$504,270
$535,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,450
$535,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$539,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$280/mo
+$2,440/mo
6.1%

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.

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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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5029 Morris Avenue | Property Details | No Agent List