tomo logo

$259,997

Beds
1
Baths
2.0
sq ft
1,071

1505 Elm St Unit 501, Dallas, TX 75201

1505 Elm St Unit 501

Dallas, TX 75201

  • 2 days on market
Step into luxury with this stunning condominium in the heart of Downtown Dallas. The entry features an updated half bath with a pedestal sink, subway tile wall, and stylish vanity light. The dining room dazzles with a chandelier and recessed ceilings, perfect for entertaining. The kitchen is a chef's dream, boasting new appliances, a wine fridge, upgraded granite countertops, chic subway tile backsplash, and elegant pendant lighting. The bright living room is adorned with updated overhead lighting and Plantation shutters. The primary bath is a sanctuary with granite countertops, separate shower and jetted tub, double vanity, and a walk-in closet. This pet-friendly complex offers access to greenspaces like Pegasus Plaza and Main St Garden Park. Enjoy the convenience of nearby shopping and dining, with top-notch restaurants and attractions. This 16-story high-rise is a Downtown Dallas gem with amenities like valet parking, pool, concierge services, 24-7 building security, and more.

Details

Property type

Condominium

Est. home value

$246,627

Lot size

0.23 acres

Price per sq ft

$243

Year built

1957

Annual property taxes

$4,254

Monthly HOA fee

$1,190

Price History

06/27/2024
NTREIS

NTREIS #20659369

Listed
$259,997
08/31/2022
NTREIS

NTREIS #20065922

Removed

Schools & Community

Neighborhood: 

City Center District

Elementary school: 

Citypark

Middle school: 

Dade

High school: 

Madison

Community features: 

Pool, Curbs, Fitness Center

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

$52,099
Asking price
$259,997
Closing costs (~8% of asking)
-$20,800
Est. remaining loan balance
-$187,098
Cash to seller
$52,099

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

Seller’s Loan History

Lender

Sfmc Lp

Loan start date

August 2022

Original loan amount

$204,250

Est. remaining balance

$187,098

Interest rate

4.67%

Loan type

New Conventional, 15 year

Seller

Karen Turpin

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: 06/30/2024 at 9:35 PM

Listing updated: 06/28/2024 at 8:14 AM

Listed by: Jose Herrera, Coldwell Banker Realty Phone #: (972) 772-1500

MLS: NTREIS #20659369

NTREIS logo

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