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$276,000

NAL Estimated Property Value

5200 Martel Avenue 16B, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,083 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$277.01 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Lot Size6.01 acres

Building Information

Year Built1983
Stories2
Roof Type104

Land Information

APN00C47500000P00002
Lot Number11
SubdivisionMonticello Crossroads Condo Ph1-3
Land UseResidential
Legal DescriptionMONTICELLO CROSSROADS CONDO PH1-3 BLK A/2937 LT 11-28 & 1A BLDG P UNIT 2 CE.6492% INT202400148778 DD07242024 CO-DC 2937 00A
Census Tract000300
Assessed Land Value$84,930
Assessed Improvement Value$185,820
Assessment Year2025

About this property

Luxurious ground floor single level condo in a gated community adjacent to Glencoe Park. Located minutes from SMU campus, Katy Trail, Mockingbird Station, Lower Greenville, Knox Henderson and White Rock Lake. HOA covers water sewer, trash, pool, clubhouse, blanket insurance, & management fees. The open layout seamlessly connects a living room to the dining area and kitchen, creating an inviting atmosphere. This condo boasts a modern kitchen equipped with all the essentials for culinary endeavors, including sleek appliances and ample counter space. Adjacent to the kitchen, you'll find a cozy fireplace. Split bedrooms are generously sized and ideal for roommates. The primary bedroom has an en-suite bathroom. Step outside to the covered patio and enjoy nature. Additional highlights include a full-size utility room, one car garage (no garage door) with a storage closet. Desirable location offer an ideal urban lifestyle with its proximity to trails, public transportation, & dining options.

Investor Tools

Property Icon
$276,000
Estimated Property Value
$0Estimated Mortgage Balance
$276,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$619/month
$477/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,051
$270,750
2025
$84,930
$185,820
$270,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,051
$270,750

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$276,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$477/mo
+$1,453/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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