tomo logo

$319,000

Beds
2
Baths
2.0
sq ft
1,819

1505 Elm St Unit 505, Dallas, TX 75201

1505 Elm St Unit 505

Dallas, TX 75201

  • 66 days on market
    • Price drop $6,000↓
George Dahl building converted to boutique condo with 69 Individually owned residences in center of Dallas CBD. 2 bdrm - 2 bath plus living-dining area and full kitchen with washer or dryer unit. Community outdoor pool, patio, and dog-run are located on the same floor for convenience. Personal Wine Cellar and 150 sqft storage space also included is 24hr concierge desk + valet parking for residents (no tipping). HOA covers all utilities except interior electric. Residents contract with AT&T for Internet & TV. Common area updates paid thru HOA reserve. New fitness Center recently completed. Fabulous location across from National Residences and Thompson Hotel which include Monarch and Kessaku restaurants. Within a few blocks are nearby hotels-The Joule, Adolphus and Westin - dining at Campisi's, Sassetta, Dakota's and Tower Club. AT&T Discovery District only a block away and access greater Dallas area via Akard DART station, located directly across the street. BRING ALL OFFERS!!!

Details

Property type

Condominium

Est. home value

$403,100

Lot size

0.23 acres

Price per sq ft

$176

Year built

1957

Annual property taxes

$7,278

Monthly HOA fee

$1,837

Price History

06/24/2024
NTREIS

NTREIS #20600373

Price change
$319,000
-1.85%
04/27/2024
NTREIS

NTREIS #20600373

Listed
$325,000

Schools & Community

Neighborhood: 

City Center District

Elementary school: 

Central

Middle school: 

Unknown

High school: 

North Dallas

Community features: 

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

$175,738
Asking price
$319,000
Closing costs (~8% of asking)
-$25,520
Est. remaining loan balance
-$117,742
Cash to seller
$175,738

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

Seller’s Loan History

Lender

Georgetown Mortgage Inc

Loan start date

August 2015

Original loan amount

$144,000

Est. remaining balance

$117,742

Interest rate

4.02%

Loan type

New Conventional, 30 year

Seller

Lawrence Vo

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 10:40 AM

Listing updated: 06/24/2024 at 10:54 AM

Listed by: Salvador Caballero, ListWithFreedom.com Phone #: (855) 456-4945

MLS: NTREIS #20600373

NTREIS logo

Recently listed in Dallas

$450,000|3 bd|3.0 ba|House
$685,000|4 bd|3.0 ba|House
$1,449,500|4 bd|3.0 ba|House
$599,000|3 bd|4.0 ba|Townhouse
$579,000|3 bd|3.0 ba|Townhouse
$3,275,000|4 bd|6.0 ba|House
$104,000|2 bd|1.0 ba|House
$200,000|3 bd|2.0 ba|House
$720,000|3 bd|3.0 ba|Townhouse