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$199,500

5200 Martel Avenue 6K, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths952 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$209.56 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringLaminate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size6.01 acres

Building Information

Year Built1981
Stories2
Roof Type104
Garage Spaces1

Land Information

APN00C47500000F00010
Lot Number11-28
SubdivisionMonticello Crossroads Ph I-Iii
Land UseResidential
Legal DescriptionMONTICELLO CROSSROADS PH I-III BLK A/2937 LTS 11-28 & 1A BLDG F UNIT 10 CE .5707% INT202100126845 DD04292021 CO-DC 2937 00A
Census Tract000300
Assessed Land Value$74,730
Assessed Improvement Value$215,630
Assessment Year2025

About this property

This M-Street condo adjacent to Glencoe Park with access to the Katy Trail is truly one of the best locations in Dallas! Whether you want to cozy up next the the fireplace or sip a glass of wine on the balcony-this loft will make you want to ditch your landlord and call it home. Natural light and a soft gray hue permeate this open loft throughout! The updated kitchen features granite countertops, a breakfast bar, window seat, utility closet with full size washer-dryer, and a nearby half bath. The upper level offers a master bedroom, full bath, and a 2nd bedroom or home office. Play at the park, lounge at the community pool, or take a long journey on the endless trail system that extends to White Rock Lake!

Investor Tools

Property Icon
$290,360
Estimated Property Value
$0Estimated Mortgage Balance
$123,989Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,742 /month
Positive
Cash Flow Estimate:
$581 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$455/month
$349/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,004
$290,360
2025
$74,730
$215,630
$290,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,004
$290,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$184,300
No
First
Apr 29, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,371
$123,989
42%
57%
$1,105/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,454/mo
+$186/mo
6.8%

Learn About the Market: Opportunity in Dallas

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Explore

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 6K | Property Details | No Agent List