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Owner Contacts

$214,900

5200 Martel Avenue 18B, Dallas, TX, 75206

$249,978 ARV

Off Market

2 Beds

3 Bath

1,154 Sq Ft

Condos / Townhouses

$186.22 / sqft

Built in 1983

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker

FlooringCarpet, Ceramic Tile, Wood

Exterior

Private Pool

Exterior FeaturesRain Gutters, Lighting

Lot Size6.01 acres

Building Information

Year Built1983

Stories2

Roof Type104

Land Information

APN00C47500000R00002

Lot Number11

SubdivisionMonticello Crossroads Condo Ph1-3

Land UseResidential

Legal DescriptionMONTICELLO CROSSROADS CONDO PH1-3 BLK A/2937 LT 11-28 & 1A BLDG R UNIT 2 CE.6918% INT201900201846 DD07312019 CO-DC 2937 00A

Census Tract000300

Assessed Land Value$90,560

Assessed Improvement Value$163,320

Assessment Year2025

About this property

~Awesome M-Streets Condo!~ Sought after 2 BR, 2.1 Ba CORNER UNIT in premier location across from Glencoe Park w sports fields, tennis, playground & jogging path. Close to Downtown, Uptown, Katy Trail, Mockingbird Station, SMU & Greenville. One of the BEST features is a spacious ground-level patio w French doors from Kitch and LR and views out to Glencoe Park, big beautiful trees & historic homes. 2 MBR’s perfect for roommates – 1 w walk-in closet & 1 w tiled double head shower, hrdwds 1st level, Powder Rm, SS appls, brkfst bar, u-mount sink, upgraded faucet, carport enclosed on 3 sides, fireplace & more! Comm pool & clubhouse & HOA covers a ton! New Terracotta roof 2018! Easy access to 75! Make Today the Day!!!

Investor Tools

$278,000

Estimated Property Value

$0Estimated Mortgage Balance

$222,951Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$249,978

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,668 /month

Positive

Cash Flow Estimate:

$556 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$432/month

$397/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,795

$253,880

2025

$90,560

$163,320

$253,880

Tax History

Year

Tax Paid

Assessed Value

2024

$3,795

$253,880

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nationstar Mortgage Llc

Fha

$38,153

Yes

First

Dec 29, 2023

Aug 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$55,049

$222,951

80%

20%

$344/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$741/mo

+$1,189/mo

8.3%

Learn About the Market: Opportunity in Dallas

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