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A+
NoAgentList RatingHow are grades calculated? Info

$274,750

5200 Martel Avenue 11A, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,099 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$209.28 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Washer
FlooringCeramic Tile

Exterior

Lot Size6.01 acres

Building Information

Year Built1981
Stories2
Roof Type104
Garage Spaces1

Land Information

APN00C47500000K00005
Lot Number11-28
SubdivisionMonticello Crossroads Ph I-Iii
Land UseResidential
Legal DescriptionMONTICELLO CROSSROADS PH I-III BLK A/2937 LOTS 11-28 & 1A BLDG K UNIT 5 CE .6588% INT201200011733 DD01122012 CO-DC 2937A000
Census Tract000300
Assessed Land Value$86,240
Assessed Improvement Value$188,510
Assessment Year2025

About this property

FIRST LEVEL, ONE STORY CORNER unit with TWO PARKING SPACES! Welcome to this M-Street, beautifully updated 2 bedroom, 2 bath condo in a gated community, perfectly situated just steps from Glencoe Park. Enjoy morning walks, scenic views, and the tranquility of green space right outside your door. Inside, you'll find a bright and open layout with modern finishes throughout. The spacious living area with a wood burning fireplace flows seamlessly into the dining space and updated kitchen featuring granite countertops, stainless steel appliances, and ample cabinet storage. Both bedrooms offer generous closet space, and the primary suite includes a private, renovated bath. Additional highlights include in-unit full size washer and dryer, updated flooring, and a private balcony - ideal for relaxing or entertaining. Conveniently located near SMU, downtown Dallas, shops, dining, and commuter routes, this turnkey condo offers the best of low-maintenance living in a prime location. AC replaced 2022. Pool and clubhouse onsite.

Investor Tools

Property Icon
$274,750
Estimated Property Value
$0Estimated Mortgage Balance
$239,008Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$557/month
$524/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,310
$274,750
2025
$86,240
$188,510
$274,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,310
$274,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Washington Mutual Bank Fa
Unknown
$81,200
No
First
May 20, 2004
Jun 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$35,742
$239,008
86%
13%
$462/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$986/mo
+$944/mo
8.4%

Learn About the Market: Opportunity in Dallas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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5200 Martel Avenue 11A | Property Details | No Agent List