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$970,000

NAL Estimated Property Value

5909 Luther Ln # A-2301, Dallas, TX, 75225

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,737 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$546.92 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Ice Maker, Double Oven, Washer
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Dog Run, Outdoor Grill, Outdoor Kitchen, Storage
Lot Size1.52 acres

Building Information

Year Built1983
Roof Type172
Garage Spaces2

Land Information

APN00C67770000A02301
Lot Number10A,9A
SubdivisionThe Shelton Condominiums
Land UseResidential
Legal DescriptionTHE SHELTON CONDO BL2/5625 LT9A,10A,11,12 AC 1.5152 BLDG A UNIT 2301 CE 0.89% INT202500082479 DD04222025 CO-DC 5625 002 09A00
Census Tract007301
Assessed Land Value$88,110
Assessed Improvement Value$684,860
Assessment Year2025

About this property

Rare opportunity to own a Penthouse located in HPISD that was newly constructed from shell space and completed in September of 2024. The two story Penthouse features an open concept kitchen with high-end Miele appliance package, quartz countertops, walk-in pantry & wine bar with refrigeration. Decorator lighting with white oak flooring, and all rooms with south facing Downtown view. Spa-like bathroom includes bathing room with dual shower heads, body sprays, rain shower and pedestal bathtub. Separate walk-in custom closets in the oversized Owner's Suite and adjacent office that could also be used as a nursery, etc. Highly sought after The Shelton Highrise with incredible sunset views from the pool area with private cabanas, jacuzzi, outdoor kitchen, putting green and dining. Clubroom is beautifully appointed and overlooks the pool area with adjacent fitness room. 24-7 front desk security and concierge, business center with coffee bar, dog park and valet parking for just a few of the building's amenities. Unit also includes 2 garage assigned parking spaces and large storage unit. Furniture package available separately for immediate move-in!

Investor Tools

Property Icon
$970,000
Estimated Property Value
$0Estimated Mortgage Balance
$970,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,820 /month
Positive
Cash Flow Estimate:
$1,940 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,349/month
$1,511/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,333
$772,970
2025
$88,110
$684,860
$772,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,333
$772,970

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$970,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,350/mo
$1,511/mo
+$839/mo
2.9%

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 Ln # A-2301 | Property Details | No Agent List