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Owner Contacts

$614,410

NAL Estimated Property Value

509 Elm Street 604, Dallas, TX, 75202

Off Market

4 Beds

3 Bath

2,522 Sq Ft

Condos / Townhouses

$158.6 / sqft

Built in 1930

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater

FlooringCeramic Tile, Laminate, Wood

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built1930

Stories2

Roof Type172

Land Information

APN00C18000000A00604

Lot Number7-8

Subdivision509 Elm Place Residences

Land UseResidential

Legal Description509 ELM PLACE RESIDENCES BLK 14/21 LTS 7 & 8 IMP ONLY BLDG A UNIT 604 CE 6.55% INT202100089966 DD03262021 CO-DC C180 000

Census Tract003102

Assessed Improvement Value$614,410

Assessment Year2025

About this property

Don't miss out on this truly awesome PENTHOUSE unit! Featuring 3 bedrooms, 3 baths + Office. First floor offers 2 open Living areas and Dining Room, 2 beds and office. 40 ft private Balcony off of the upstairs Primary Bedroom with view of Margaret McDermott Bridge. Building offers small gym, community courtyard, 24-7 security & concierge service with Lock & Leave convenience. One block from West End DART Station, government buildings, and museums with easy access to 35 and 30. Schedule your showing today!...

Investor Tools

$614,410

Estimated Property Value

$210,769Estimated Mortgage Balance

$403,641Estimated Equity

65% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,686 /month

Positive

Cash Flow Estimate:

$1,229 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$986/month

$1,340/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,763

$614,410

2025

N/A

$614,410

Tax History

Year

Tax Paid

Assessed Value

2024

$8,763

$614,410

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First National Bank Of America

Conventional

$233,940

First

Mar 26, 2021

Apr 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$210,769

$403,641

65%

34%

$1,403/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$2,743/mo

+$597/mo

6.5%

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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