tomo logo

$549,900

Beds
2
Baths
3.0
sq ft
1,987

1505 Elm St Unit 1604, Dallas, TX 75201

1505 Elm St Unit 1604

Dallas, TX 75201

  • 44 days on market
EXPERTLY UPDATED DOWNTOWN LUXURY UNIT w HIGHER CELINGS ON PH1 Level w 6 windows. This George Dahl designed Mid-Century Modern building built in 1957 for Dallas Federal Savings, was converted to condos in 2002-the first condo project in the CBD. Enjoy breathtaking views! Since 2021 the $460million+ National Residences-Thompson Hotel have been located across Akard in the restored First National Bank. 1505 Amenities: 24 HR Concierge-Valet for Residents and up to 5 Guests-no tipping. All resident floors updated. Amenity floor B-1 caterer's kitchen, wine cellar, party area, piano, darts, pool, TV. Amenity floor B-2 new Theater Room seats 15 - new state of the art Fitness Center. Fifth Floor Resident-Outdoor retreat-Pool, 3 cooking pavilions, private dog run, sitting areas. Walk to Flagship Neiman Marcus, restaurants, hotels, Arts District, AT&T Discovery District. Dart Akard Station across the street to DFW, Love Field, NorthPark, etc. See List of Custom Upgrades in Transaction Desk.

Details

Property type

Condominium

Est. home value

$495,385

Lot size

0.23 acres

Price per sq ft

$277

Year built

1957

Monthly HOA fee

$2,091

Price History

05/20/2024
NTREIS

NTREIS #20620852

Listed
$549,900

Schools & Community

Neighborhood: 

City Center District

Elementary school: 

Citypark

Middle school: 

Dade

High school: 

Madison

Community features: 

Fitness Center, Pool

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

$196,433
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$309,475
Cash to seller
$196,433

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

Seller’s Loan History

Lender

Colonial National Mortgage

Loan start date

November 2021

Original loan amount

$328,000

Est. remaining balance

$309,475

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Bradley S Davis and Brandy N Davis

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?

Status: Active

Tomo last checked: 07/03/2024 at 10:20 AM

Listing updated: 07/02/2024 at 4:13 PM

Listed by: Steve Shepherd, Dave Perry Miller Real Estate Phone #: (214) 303-1133

MLS: NTREIS #20620852

NTREIS logo

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