tomo logo

$239,900

Beds
1
Baths
2.0
sq ft
1,059

1505 Elm St Unit 501, Dallas, TX 75201

1505 Elm St Unit 501

Dallas, TX 75201

  • 5 days on market
DOWNTOWN LUXURY CORNER UNIT in the heart of Downtown in the iconic George Dahl-designed full service boutique hi-rise building! 2 picture windows with 5th floor Elm Street views. Please see list of current Owner updates in Transaction desk documents. Entry with updated half-bath with pedestal sink and tile wall and stylish vanity light, dining room perfect for entertaining, kitchen expertly updated and ready for a chef, upgraded granite countertops, new appliances, wine cooler, warming oven, farm sink. Living room with with updated lighting and plantation shutters. Primary bath has granite countertops with a walk-in shower and jetted tub, double sinks and a walk-in custom closet. 1505 Amenities: 24HR Concierge-Valet parking for Residents & up to 5 Guests (no tipping) with additional spaces available for $100 mo. Amenity Floor B1-wine cellar, party area, piano, caterer's kitchen, pool table, darts, TV. Amenity Floor B2- new Theater room with Roku and state of the art Fitness Center. 5th Floor Resident Outdoor Retreat - Pool, 3 cooking pavilions, pet friendly building with private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty Five Ten, a variety of Restaurants, Arts District, AT&T Discovery District with 9 story video wall. DART Akard Station across the street with access to DFW, Love Field, NorthPark, Mockingbird Station +. The Ease of a Contemporary Lifestyle. When Your Neighbor includes a Flying Horse, You're Living Someplace Special!

Details

Property type

Condominium

Est. home value

$246,627

Lot size

Unknown

Price per sq ft

$227

Year built

1957

Annual property taxes

$4,615

Monthly HOA fee

$1,247

Price History

02/17/2025
NTREIS

NTREIS #20836013

Listed
$239,900
12/31/2024
NTREIS

NTREIS #20659369

Removed
11/09/2024
NTREIS

NTREIS #20659369

Price change
$249,990
-3.85%

Schools & Community

Neighborhood: 

City Center District

Elementary school: 

Milam

Middle school: 

Spence

High school: 

North Dallas

Community features: 

Fitness Center, Gated, 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

$40,521
Asking price
$239,900
Closing costs (~8% of asking)
-$19,192
Est. remaining loan balance
-$180,187
Cash to seller
$40,521

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

$180,187

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?

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Status: Active

Tomo last checked: 02/23/2025 at 10:50 AM

Listing updated: 02/17/2025 at 6:13 PM

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

MLS: NTREIS #20836013

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