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$216,000

NAL Estimated Property Value

5200 Martel Avenue 3M, Dallas, TX, 75206

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths837 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$194.15 / 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
AppliancesElectric Cooktop, Microwave
FlooringCeramic Tile, Laminate, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size6.01 acres

Building Information

Year Built1981
Stories2
Roof Type104
Garage Spaces1

Land Information

APN00C47500000C00012
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 12 CE .5017% INT202100265253 DD09022021 CO-DC 2937
Census Tract000300
Assessed Land Value$65,700
Assessed Improvement Value$143,550
Assessment Year2025

About this property

Stylish 1-bedroom 1 and one-half bathroom condo in the heart of Dallas next door to Glencoe Park and close to tons of great restaurants, bars and shopping. Kitchen has been outfitted with quartz counter tops, built-in microwave and dishwasher. Full-sized laundry closet in unit with extra storage. Relax on the private balcony replete with an extra storage closet. Interior unit has 1 assigned covered garage space. Lovely community pool onsite for residents and guests to enjoy. HVAC replaced 2018. Beautiful landscaping throughout complex with mature trees. Walk to Glencoe Park, lower Greenville, Knox-Henderson, and SMU. Only minutes to W Village, NorthPark, Central Market and more. All appliances negotiable.

Investor Tools

Property Icon
$216,000
Estimated Property Value
$150,390Estimated Mortgage Balance
$65,610Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
$311/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,826
$209,250
2025
$65,700
$143,550
$209,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,826
$209,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$165,000
No
First
Sep 2, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,390
$65,610
30%
70%
$990/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,301/mo
+$339/mo
9.1%

City: Dallas

5200 Martel Avenue 3M | Property Details | No Agent List