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Owner Contacts

$78,500

8750 Park Lane 147, Dallas, TX, 75231

$102,050 ARV

Off Market

2 Beds

2 Bath

992 Sq Ft

Condos / Townhouses

$79.13 / sqft

Built in 1982

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator

Exterior

Private Pool

Lot Size2.13 acres

Building Information

Year Built1982

Stories2

Roof Type105

Garage Spaces1

Land Information

APN00C29100000D00041

Lot Number3

SubdivisionThe Hill On Park Lane Condos

Land UseResidential

Legal DescriptionTHE HILL ON PARK LANE CONDOS BLK 18/5217 LT 3 BLDG D UNIT 41 CE 1.9394% INT202300089823 DD05052023 CO-DC 5217 018 00300

Census Tract007833

Assessed Land Value$26,930

Assessed Improvement Value$136,480

Assessment Year2025

About this property

MULTIPLE OFFERS! Best and final by 5 PM Sunday June 21, 2020. Priced to sell! Move in ready! All laminated waterproof floor throughout the unit. Fireplace in Master bedroom and living room. Swimming pool in the complex. New roof installed Sep 2019. Water Heater March 2019. Conveniently located near shopping centers, restaurants, and major highway. One assigned car carport and additional un-assigned parking space. Top Golf and Dallas Equestrian Center across the street. Great price for the location, near downtown Dallas. Motivated Seller! Investors welcome! Priced below Dallas Central Appraisal District!

Investor Tools

$177,000

Estimated Property Value

$0Estimated Mortgage Balance

$61,475Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$102,050

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,062 /month

Positive

Cash Flow Estimate:

$354 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$378/month

$350/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,652

$163,410

2025

$26,930

$136,480

$163,410

Tax History

Year

Tax Paid

Assessed Value

2024

$3,652

$163,410

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Logan Finance Corp

Conventional

$122,250

First

May 5, 2023

Jun 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$115,525

$61,475

34%

65%

$733/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,083/mo

+$482/mo

10.6%

Learn About the Market: Opportunity in Dallas

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