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$222,500

Beds
2
Baths
2.0
sq ft
1,030

5045 Cedar Springs Rd Unit 216, Dallas, TX 75235

5045 Cedar Springs Rd Unit 216

Dallas, TX 75235

  • 41 days on market
    • Price drop $2,500↓
SELLER CONCESSION OFFERED - $2500!! This stylish updated second-floor residence offers 2 bedrooms, 1.5 baths, and stunning views of the swimming pool, gazebo, and lush courtyard. The living and dining areas feature elegant wood floors and large windows, creating a bright and inviting space. The modern kitchen boasts dark-stained cabinets, stone countertops, a glass mosaic tile backsplash, under-cabinet lighting, and a convenient wine fridge—perfect for entertaining. Both bedrooms are carpeted, include spacious walk-in closets, and provide comfort and privacy. Located in the sought-after Les Chateaux community, this home is minutes from Downtown Dallas, Love Field, and the Medical District, offering unparalleled access to all that Oak Lawn has to offer. Don't miss this exceptional opportunity! All basic utilities covered in HOA!

Details

Property type

Condominium

Est. home value

$218,846

Lot size

2.755 acres

Price per sq ft

$217

Year built

1963

Annual property taxes

$4,489

Monthly HOA fee

$455

Price History

03/13/2025
NTREIS

NTREIS #20805363

Price change
$222,500
-1.11%
02/14/2025
NTREIS

NTREIS #20805363

Listed
$225,000
07/02/2021
NTREIS

NTREIS #14563908

Removed

Schools & Community

Neighborhood: 

Oak Lawn

Elementary school: 

Maplelawn

Middle school: 

Rusk

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

$77,459
Asking price
$222,500
Closing costs (~8% of asking)
-$17,800
Est. remaining loan balance
-$127,241
Cash to seller
$77,459

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

July 2021

Original loan amount

$161,910

Est. remaining balance

$127,241

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Griffin Michel

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: 03/28/2025 at 5:45 PM

Listing updated: 03/13/2025 at 8:07 PM

Listed by: Clair Cannon, Douglas Elliman Real Estate Phone #: (469) 273-1431

MLS: NTREIS #20805363

NTREIS logo

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