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Owner Contacts

$288,500

NAL Estimated Property Value

5200 Martel Avenue 40C, Dallas, TX, 75206

Off Market

Lease

2 Beds

3 Bath

1,154 Sq Ft

Condos / Townhouses

$1.73 / sqft

Built in 1983

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Microwave, Plumbed For Ice Maker, Refrigerator

FlooringLaminate

Exterior

Exterior FeaturesRain Gutters

Lot Size6.01 acres

Building Information

Year Built1983

Stories2

Roof Type104

Garage Spaces1

Land Information

APN00C4750000BN00003

Lot Number11-28

SubdivisionMonticello Crossroads Condo Ph1-3

Land UseResidential

Legal DescriptionMONTICELLO CROSSROADS CONDO PH1-3 BLK A/2937 LTS 11-28 & 1A BLDG BN UNIT 3 CE .6918% INT202000291746 DD10222020 CO-DC 2937

Census Tract000300

Assessed Land Value$90,560

Assessed Improvement Value$197,940

Assessment Year2025

About this property

Updated With an Abundance of Natural Light, This Two Story Townhouse is Centrally located in the heart of Dallas across from SMU, Mbird Station and Glencoe Park. Triple-paned windows for energy efficiency, crown molding, Carrera marble fireplace, recessed lighting downstairs, granite countertops and Stainless appliances in the kitchen. Two Bedrooms Upstairs have ample closet space and large bathrooms with travertine flooring, frameless shower doors and granite countertops. Wired for Surround Sound.

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$658/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,448

$288,500

2025

$90,560

$197,940

$288,500

Tax History

Year

Tax Paid

Assessed Value

2024

$6,448

$288,500

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$137,500

First

Oct 22, 2020

Nov 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$122,656

$165,844

57%

43%

$825/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$825/mo

+$1,105/mo

8.0%

Learn About the Market: Opportunity in Dallas

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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.

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