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$220,000

NAL Estimated Property Value

5200 Martel Avenue 3H, Dallas, TX, 75206

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths837 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$238.95 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony
Lot Size6.01 acres

Building Information

Year Built1981
Stories2
Roof Type104

Land Information

APN00C47500000C00008
Lot Number11-28
SubdivisionMonticello Crossroads Ph I - Iii
Land UseResidential
Legal DescriptionMONTICELLO CROSSROADS PH I - III BLK A/2937 LOTS 11-28 & 1A BLDG C UNIT 8 CE 0.5017% INT202100290746 DD09242021 CO-DC 2937
Census Tract000300
Assessed Land Value$65,700
Assessed Improvement Value$143,550
Assessment Year2025

About this property

Very elegant condo, impressively re-done. Sophisticated style, with a bistro feel. Windows and balcony slider upgraded with Pella brand insulated products. Most floors are wood-plank type ceramic tile for long-term durability, set over professionally upgraded subfloor. Custom lighting throughout. Crown moldings, wainscotting, stainless steel in the kitchen. Upgraded cabinetry and drawers. This unit is directly across from the pool, and a 30-second walk from Glencoe park. Across 75 from SMU, this would make an ideal home for a student. Very quiet and secure gated complex. Garage parking with assigned space beneath unit. Long-time owner has put in approximately 100,000 in upgrades and improvements.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$168,847Estimated Mortgage Balance
$51,153Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
$305/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,677
$209,250
2025
$65,700
$143,550
$209,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,677
$209,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$185,250
No
First
Sep 28, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,847
$51,153
23%
77%
$1,111/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,416/mo
+$224/mo
8.9%

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.

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 3H | Property Details | No Agent List