21Days on Market

22view

$109,900

$119,900

8601 Park Lane 721, Dallas, TX, 75231

On Market

Price Drop

1 Beds

1 Bath

816 Sq Ft

Condos / Townhouses

$134.68 / sqft

Built in 1982

Property Lead Type:

BankruptcyPre-ForeclosureHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range

FlooringCeramic Tile, Wood

Exterior

Lot Size4.33 acres

Building Information

Year Built1982

Stories1

Roof Type105

Land Information

APN00C82690000G00721

SubdivisionThe Woods On Park Lane Condos

Land UseResidential

Legal DescriptionTHE WOODS ON PARK LANE CONDOS BLK H/5217 ACS 4.332 BLDG G UNIT 721 CE 1.231% INT202200085988 DD03152022 CO-DC 5217H000 000

Census Tract007821

Assessed Land Value$34,840

Assessed Improvement Value$146,860

Assessment Year2025

About this property

Excellent opportunity to own a beautifully maintained condo in the desirable The Woods on Park Lane community. This 1-bedroom, 1-bathroom second-floor condo offers 800+ sq ft of comfortable living space in move-in ready condition. Located within a secured gated community, this home provides both convenience and peace of mind. Enjoy an unbeatable location just minutes from White Rock Lake, the SoPac Trail, and the vibrant NorthPark Center area featuring premier shopping, restaurants, and entertainment. Easy access to Interstate 75 makes commuting throughout Dallas quick and convenient. Perfect for a first-time buyer, downsizing, or investment opportunity.

Investor Tools

$136,327Estimated Mortgage Balance

$45,373Estimated Equity

24% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,090 /month

Positive

Cash Flow Estimate:

$363 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$428/month

$400/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,228

$181,700

2025

$34,840

$146,860

$181,700

Tax History

Year

Tax Paid

Assessed Value

2025

$4,228

$181,700

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$147,900

First

Mar 25, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$136,327

$45,373

24%

75%

$887/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,326/mo

$1,287/mo

+$39/mo

8.8%

Learn About the Market: Opportunity in Dallas

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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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