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Owner Contacts

$1,423,160

NAL Estimated Property Value

5909 Luther Lane 1505, Dallas, TX, 75225

Off Market

3 Beds

3 Bath

2,802 Sq Ft

Condos / Townhouses

$331.91 / sqft

Built in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven, Plumbed For Ice Maker, Refrigerator

FlooringCarpet, Marble, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1.52 acres

Building Information

Year Built1983

Roof Type172

Garage Spaces4

Land Information

APN00C67770000A01505

Lot Number10A,9A

SubdivisionThe Shelton Condominiums

Land UseResidential

Legal DescriptionTHE SHELTON CONDO BL2/5625 LT9A,10A,11,12 AC 1.5152 BLDG A UNIT 1505 CE 1.43% INT202300176577 DD08312023 CO-DC 5625 002 09A00

Census Tract007301

Assessed Land Value$141,570

Assessed Improvement Value$1,281,590

Assessment Year2025

About this property

Live Life Luxuriously at The Shelton. Enjoy the spectacular views of the Dallas Skyline and beyond. This home features an open floor plan, split bedrooms, a gourmet island kitchen w- granite counters, stainless steel appliances, & an abundance of cabinetry, plus 2 large terraces. Grand Master Suite boasts spa-like bathroom, 3 closets, huge walk in. Adjoining master living area could be a study, nursery.... 4 main level parking spaces & 2 huge storage rooms. Shelton resort amenities include: 24-7 security, valet parking, fitness center, lovely club room with kitchen, heated pool, putting green, outdoor grill, private poolside cabanas & more .... Largest unit in the building with an amazing downtown view!

Investor Tools

$1,423,160

Estimated Property Value

$560,399Estimated Mortgage Balance

$862,761Estimated Equity

60% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,539 /month

Positive

Cash Flow Estimate:

$2,846 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,388/month

$1,612/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$21,543

$1,423,160

2025

$141,570

$1,281,590

$1,423,160

Tax History

Year

Tax Paid

Assessed Value

2024

$21,543

$1,423,160

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$590,000

First

Aug 31, 2023

Sep 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$560,399

$862,761

60%

39%

$3,538/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,960/mo

$5,150/mo

$-2,190/mo

2.5%

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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