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Owner Contacts

$200,230

8555 Fair Oaks Crossing 507, Dallas, TX, 75243

Off Market

2 Beds

2 Bath

1,164 Sq Ft

Condos / Townhouses

$128.78 / sqft

Built in 1982

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesTrash Compactor, Dishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan

FlooringCeramic Tile, Stone, Wood

Exterior

Lot Size7.44 acres

Building Information

Year Built1982

Stories1

Roof Type105

Land Information

APN00C82510000100507

Lot Number2

SubdivisionWoodlands Ii On The Creek

Land UseResidential

Legal DescriptionWOODLANDS II ON THE CREEK BLK A-B/8148 LOT 2 7.44 ACS BLDG F UNIT 507 C.E. 1.10486% INT202100135975 DD05052021 CO-DC 8148 00A

Census Tract007835

Assessed Land Value$71,620

Assessed Improvement Value$128,610

Assessment Year2025

About this property

Updated & Move-In Ready! This Fabulous Condo is located in Lake Highlands with a Picturesque Creek just steps from your Back Patio. It is Cozy and Spacious, with a 2 bedroom, 2 bath layout which is ideal for a Family, Roommates, or individual. Plus, both baths offer Granite Countertops, Tile Flooring and updated fixtures. The updated Kitchen opens to the living room gives it a spacious feel. The living room is huge and has French Doors over-looking the Covered Back Patio.

Investor Tools

$200,230

Estimated Property Value

$0Estimated Mortgage Balance

$76,851Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,201 /month

Positive

Cash Flow Estimate:

$400 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$438/month

$454/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,255

$200,230

2025

$71,620

$128,610

$200,230

Tax History

Year

Tax Paid

Assessed Value

2024

$4,255

$200,230

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Waterstone Mortgage Corp

Conventional

$136,409

First

May 5, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$123,379

$76,851

38%

62%

$818/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,272/mo

+$293/mo

9.4%

Learn About the Market: Opportunity in Dallas

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