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$583,490

NAL Estimated Property Value

5909 Luther Ln # A-801, Dallas, TX, 75225

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,406 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$426.03 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave, Refrigerator

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Grill
Lot Size1.52 acres

Building Information

Year Built1983
Roof Type172
Garage Spaces2

Land Information

APN00C67770000A00801
Lot Number10A,9A
SubdivisionThe Shelton Condominiums
Land UseResidential
Legal DescriptionTHE SHELTON CONDO BL2/5625 LT9A,10A,11,12 AC 1.5152 BLDG A UNIT 801 CE 0.72% INT202100370264 DD12072021 CO-DC 5625 002 09A00
Census Tract007301
Assessed Land Value$71,280
Assessed Improvement Value$512,210
Assessment Year2025

About this property

Sophisticated High-Rise Living with Preston Hollow Views- Experience luxury living in this elegant high-rise residence boasting sweeping views of Preston Hollow. Located on the 8th floor, this south facing sunlit interior feature rich hardwood floors, tray ceilings, and an open layout that’s perfect for both entertaining and everyday living. The gourmet granite kitchen is equipped with stainless steel appliances and a convenient utility room, seamlessly connecting to the spacious living and dining areas. Step outside to a generous covered terrace, ideal for relaxing or hosting guests. The thoughtfully designed floor plan offers two split en suite bedrooms, each with spa-inspired bathrooms for ultimate privacy and comfort. Enjoy a full suite of upscale amenities, including valet parking, a 24 7 front desk, a state-of-the-art fitness center, resident clubroom, heated pool with poolside cabanas, a putting green, and a large outdoor grilling pavilion. Located in the heart of Preston Center within the highly sought-after Highland Park ISD, this residence is just steps from premier dining, shopping, and business hubs.

Investor Tools

Property Icon
$583,490
Estimated Property Value
$0Estimated Mortgage Balance
$583,490Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,116/month
$1,406/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,476
$583,490
2025
$71,280
$512,210
$583,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,476
$583,490

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$583,490
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,350/mo
$1,406/mo
+$944/mo
4.8%

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.

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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-801 | Property Details | No Agent List