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Owner Contacts

$239,900

5200 Martel Avenue 5D, Dallas, TX, 75206

Off Market

2 Beds

2 Bath

1,070 Sq Ft

Condos / Townhouses

$224.21 / sqft

Built in 1981

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

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

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size6.01 acres

Building Information

Year Built1981

Stories2

Roof Type104

Garage Spaces1

Land Information

APN00C47500000E00004

Lot Number11-28

SubdivisionMonticello Crossroads Ph I-Iii

Land UseResidential

Legal DescriptionMONTICELLO CROSSROADS PH I-III BLK A/2937 LOTS 11-28 & 1A BLDG E UNIT 4 CE.6414% INT202200320891 DD12202022 CO-DC 2937 00A

Census Tract000300

Assessed Land Value$83,890

Assessed Improvement Value$242,460

Assessment Year2025

About this property

Beautifully updated condo located in the much desired M Streets community offering 2 bedrooms, 1.5 baths, open family room with wood burning fireplace, inviting dining room, light and bright kitchen with granite and stainless appliances including a new dishwasher, microwave and water heater, private master with updated bath, spacious patio that is perfect for entertaining, and 1 car garage has been completely redone. Located just steps from Glencoe Park and Katy Trail. Close to SMU, light rail, Greenville Avenue. Perfectly located for shopping and entertainment. HOA covers water, trash and exterior of the Condo and features a Community Pool.

Investor Tools

$326,350

Estimated Property Value

$0Estimated Mortgage Balance

$52,332Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,958 /month

Positive

Cash Flow Estimate:

$653 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$744/month

$368/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,294

$326,350

2025

$83,890

$242,460

$326,350

Tax History

Year

Tax Paid

Assessed Value

2024

$7,294

$326,350

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Colonial National Mortgage

Conventional

$292,500

First

Dec 20, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$274,018

$52,332

16%

84%

$1,754/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$2,122/mo

$-192/mo

7.1%

Learn About the Market: Opportunity in Dallas

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