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$129,000

7340 Skillman Street 1217, Dallas, TX, 75231

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths663 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$194.57 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size6.33 acres

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00C52050000M01217
Lot Number1B
SubdivisionOaks On The Bend Condos Ph 1-4
Land UseResidential
Legal DescriptionOAKS ON THE BEND CONDOS PH 1-4 BLK 5/8125 LOT 1B ACS 6.3308 BLDG M UNIT 1217 CE 0.5701% INT202300181046 DD09072023 CO-DC 8125
Census Tract007827
Assessed Land Value$31,450
Assessed Improvement Value$108,420
Assessment Year2025

About this property

Welcome home to 7340 Skillman #1217! Take a look inside—this condo has been thoughtfully refreshed with an emphasis on creating a bright, comfortable and inviting space. For starters, the half wall separating the kitchen and living area was removed, creating an open-concept layout that seamlessly connects the living, dining and kitchen spaces—perfect for both everyday living and entertaining guests. The ceilings are 9ft high, vaulting to 10.5ft in the living room, further contributing to the open feel. The kitchen cabinets have been freshly painted inside and out and finished with new cabinet and drawer hardware. The wood-burning fireplace has also received an upgrade, featuring a new porcelain tile surround complemented by a walnut-stained wood mantel. Together, these updates give the condo a warm, welcoming and elevated feel. The spacious bedroom easily accommodates a king-size bed and offers two separate walk in closets. The condo is on the back side of the building, providing quiet enjoyment, overlooking a tree-lined creek and greenbelt. There is convenient access to the green space right outside the back door, making it an especially nice spot for enjoying the outdoors—and a great bonus for dog owners. Location - another highlight. Situated in Lake Highlands, the condo offers convenient access to award-winning Richardson ISD schools, White Rock Lake, major hwys and the DART Light Rail Station. Just half a mile away, Lake Highlands Town Center puts everyday conveniences right at your fingertips. Pick up groceries at Sprouts, grab a coffee at Starbucks, enjoy one of the many restaurants and shops, or stop by Hollywood Feed for your pets—it’s all right there. Additional features include a private one-car garage, ample parking for guests, personal storage unit on the balcony and full access to the community pool. Unit 1217 is truly turnkey, lock-and-leave and ready for its next owner. Come take a look—you may have just found your new home!

Investor Tools

$97,761Estimated Mortgage Balance
$42,109Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$839 /month
Positive
Cash Flow Estimate:
$280 /month

Interested in this property?

Kevin Ellis

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$217/month
$380/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,906
$139,870
2025
$31,450
$108,420
$139,870
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,906
$139,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$103,275
No
First
Sep 7, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,761
$42,109
30%
70%
$620/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$1,000/mo
+$326/mo
11.4%

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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