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1view

$129,000

7830 Meadow Park Drive 227, Dallas, TX, 75230

$167,700 ARV

Off Market

2 Beds

2 Bath

1,165 Sq Ft

Condos / Townhouses

$110.73 / sqft

Built in 1963

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Electric Cooktop, Electric Oven, Refrigerator, Vented Exhaust Fan

FlooringCarpet, Vinyl

Exterior

Private Pool

Exterior FeaturesRain Gutters

Lot Size2.30 acres

Building Information

Year Built1963

Stories1

Roof Type105

Land Information

APN00000706560690000

Lot Number1

SubdivisionAmbassador House Condos

Land UseResidential

Legal DescriptionAMBASSADOR HOUSE CONDOS BLK A/7294 LT 1 BLDG E APT 227 & 1.99% CE INT202100319778 DD10222021 CO-DC 7294 00A 00100 1007294 00A

Census Tract013104

Assessed Land Value$59,700

Assessed Improvement Value$225,730

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED - FINAL AND BEST PRIOR TO 5PM ON THURSDAY, SEPT 23, 2021. Great opportunity to remodel this condo, located in the Ambassador House community. This highly desired 2nd level floorplan offers 2BRs & 2BAs & has wonderful views of both the street-side & the heavily treed interior courtyard. Generous sized living area (with wetbar), dining areas, bedrooms, storage & has access to interior patio. Ambassador House community offers a pool area, interior treed courtyard with walking paths, gated access & parking, and community laundry facility. HOA dues cover utilities, exterior of building & common area maintenance. Condo being sold ASIS.

Investor Tools

$285,430

Estimated Property Value

$0Estimated Mortgage Balance

$182,696Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$167,700

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,713 /month

Positive

Cash Flow Estimate:

$571 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$510/month

$550/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,687

$285,430

2025

$59,700

$225,730

$285,430

Tax History

Year

Tax Paid

Assessed Value

2024

$4,687

$285,430

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Gold Star Mortgage Financial Group Corp

Conventional

$112,500

First

Oct 22, 2021

Nov 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$102,734

$182,696

64%

36%

$675/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,225/mo

+$340/mo

6.6%

Learn About the Market: Opportunity in Dallas

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