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$539,990

Beds
4
Baths
4.0
sq ft
2,583

1503 Morrell Ave, Dallas, TX 75203

1503 Morrell Ave

Dallas, TX 75203

  • 36 days on market
    • Price drop $40,010↓
Welcome home to your contemporary new build in the thriving Oak Cliff area, just minutes from the Bishop Arts District and Downtown Dallas. This beautifully designed home features high ceilings, oversized windows, and stylish finishes. Located on a corner lot, it offers great views and ample natural light.With two primary suites—one upstairs and one downstairs—this layout provides flexible living options. Enjoy easy access to over 60 boutique shops, restaurants, bars, and art galleries, making it a perfect spot for new homeowners. Experience the best of modern living in this vibrant community!

Details

Property type

Single Family Residence

Est. home value

$522,961

Lot size

7,492.32 sq ft

Price per sq ft

$210

Year built

2022

Annual property taxes

$6,373

Price History

10/25/2024
NTREIS

NTREIS #20744645

Price change
$539,990
-6.9%
10/02/2024
NTREIS

NTREIS #20744645

Listed
$580,000
10/27/2023
NTREIS

NTREIS #20375889

Removed

Schools & Community

Neighborhood: 

Cedar Crest

Elementary school: 

Cedar Crest

Middle school: 

Unknown

High school: 

Lincoln

School district: 

Dallas ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$76,999
Asking price
$539,990
Closing costs (~8% of asking)
-$43,199
Est. remaining loan balance
-$419,792
Cash to seller
$76,999

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

The Mortgage Link Inc

Loan start date

October 2023

Original loan amount

$424,000

Est. remaining balance

$419,792

Interest rate

7.12%

Loan type

New Conventional, 30 year

Seller

Maria Estrada and Carmela Jaramillo Davila

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/08/2024 at 7:45 AM

Listing updated: 10/25/2024 at 11:28 AM

Listed by: Yendry Murillo, Ultima Real Estate Phone #: (972) 980-9393

MLS: NTREIS #20744645

NTREIS logo

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