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$1,152,550

NAL Estimated Property Value

5909 Luther Lane 2300, Dallas, TX, 75225

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,590 Sq Ft
price_per_sqft$308.49 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1.52 acres

Building Information

Year Built1983
Roof Type172
Garage Spaces4

Land Information

APN00C67770000A02300
Lot Number10A,9A
SubdivisionThe Shelton Condominiums
Land UseResidential
Legal DescriptionTHE SHELTON CONDO BL2/5625 LT9A,10A,11,12 AC 1.5152 BLDG A UNIT 2300 CE 1.32% INT202500019696 DD01302025 CO-DC 5625 002 09A00
Census Tract007301
Assessed Land Value$130,680
Assessed Improvement Value$1,021,870
Assessment Year2025

About this property

Fantastic opportunity to own a penthouse condo in HPISD. Expansive Preston Hollow views from every room! Unit has an open floor plan. Kitchen overlooks dining and living room which leads to large balcony with glass sliding doors. Kitchen features double ovens, generous pantry, granite counter tops as well as a breakfast bar. The premier bedroom features a sitting area, floor to ceiling windows, spa like premier bathroom with garden tub, walk in closets and separate vanities. The two guest bedrooms offer privacy with ensuite baths. Luxury amenities include valet, 24 hour concierge, gym, clubroom, heated pool, putting green, shuffle board and grill. Resort style living near Dallas' best shops and restaurants.

Investor Tools

Property Icon
$1,152,550
Estimated Property Value
$0Estimated Mortgage Balance
$1,152,550Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,915 /month
Positive
Cash Flow Estimate:
$2,305 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,388/month
$1,684/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,895
$1,152,550
2025
$130,680
$1,021,870
$1,152,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,895
$1,152,550

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,152,550
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,684/mo
+$1,276/mo
3.1%

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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5909 Luther Lane 2300 | Property Details | No Agent List