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$343,000

NAL Estimated Property Value

6303 Richmond Ave # A-208, Dallas, TX, 75214

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,106 Sq Ft
price_per_sqft$315.55 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

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 Cooktop, Electric Oven, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size24,750 sqft

Building Information

Year Built1984
Stories2
Roof Type105

Land Information

APN00C61590000A00208
Lot Number18-20
SubdivisionRichmond Condominiums
Land UseResidential
Legal DescriptionRICHMOND CONDOMINIUMS BLK 1/2078 LTS 18 19 & 20 BLDG A UNIT 208 CE 6.18% INT202400110198 DD05302024 CO-DC 2078 001 01800
Census Tract001102
Assessed Land Value$91,770
Assessed Improvement Value$240,030
Assessment Year2025

About this property

Located in the heart of Lakewood in a secure, gated community, this beautifully appointed condo is a warm and welcoming home. Bathed in natural light, the 1st floor features tall ceilings, spacious living and dining areas, a half bath, coffee bar, two fireplaces and an updated kitchen with subway tile backsplash and stainless steel appliances. Enjoy a private outdoor patio off the dining area that is perfect to enjoy a cup of coffee in the morning or to wind down in the evening. Upstairs are two generous sized bedrooms with an updated Jack and Jill bath, laundry area and large storage room. Other features include a separate exterior storage closet and two reserved and covered parking spaces within the gated parking lot. Close to Whole Foods, dining and shopping in Lakewood and minutes from White Rock Lake, Downtown Dallas and SMU, this is the perfect location to call home!

Investor Tools

Property Icon
$343,000
Estimated Property Value
$295,003Estimated Mortgage Balance
$47,997Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
$328/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,970
$331,800
2025
$91,770
$240,030
$331,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,970
$331,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$306,000
No
First
May 30, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,003
$47,997
13%
86%
$1,835/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,750/mo
$2,163/mo
$-413/mo
6.1%

City: Dallas

6303 Richmond Ave # A-208 | Property Details | No Agent List