tomo logo

$195,000

Beds
2
Baths
1.0
sq ft
963

5055 Cedar Springs Rd Unit 242, Dallas, TX 75235

5055 Cedar Springs Rd Unit 242

Dallas, TX 75235

  • 109 days on market
    • Price drop $4,550↓
All utilities included in HOA with the exception of cable and internet. This updated two-bedroom, one-bath condo combines modern finishes with a comfortable layout, making it a great place to call home. The sleek hard flooring flows throughout the space, providing a clean and cohesive look. The kitchen, equipped with top-of-the-line GE Café appliances, granite countertops, and Kraftmaid cabinetry, offers both style and functionality. It’s the perfect space for cooking or hosting with ease. The bathroom has been designed with attention to detail, featuring Carrera marble countertops, a Carrera tile shower, and high-quality Restoration Hardware fixtures that add a touch of elegance. The bathroom also features a built in washer dryer combo for ease & convenience. Both bedrooms are well-sized with include walk-in closets, offering plenty of storage. The community is another highlight, offering two pools that are perfect for relaxing or cooling off on warm days. The landscaped courtyards and common areas are meticulously maintained, creating a peaceful and inviting outdoor space for residents. This condo seamlessly blends modern upgrades with a welcoming atmosphere, providing both comfort and convenience.

Details

Property type

Condominium

Est. home value

$214,449

Lot size

2.755 acres

Price per sq ft

$203

Year built

1963

Monthly HOA fee

$510

Price History

02/28/2025
NTREIS

NTREIS #20794059

Price change
$195,000
-2.28%
12/11/2024
NTREIS

NTREIS #20794059

Listed
$199,550

Schools & Community

Neighborhood: 

Oak Lawn

Elementary school: 

Hernandez

Middle school: 

Rusk

High school: 

Molina

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

$42,285
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$137,115
Cash to seller
$42,285

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

August 2018

Original loan amount

$155,800

Est. remaining balance

$137,115

Interest rate

4.55%

Loan type

Not Provided, 30 year

Seller

Jesse D Burgess

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?

Similar Homes Nearby

Sold
NTREIS
$125,000
2 bd
|
1 ba
|
841 sq ft
|
Condo

4851 Cedar Springs Rd Unit 392, Dallas, TX 75219

NTREIS
$168,000
2 bd
|
1 ba
|
841 sq ft
|
Condo

4859 Cedar Springs Rd Unit 362, Dallas, TX 75219

NTREIS
$195,000
2 bd
|
1 ba
|
840 sq ft
|
Condo

2627 Douglas Ave Unit 121, Dallas, TX 75219

Status: Active

Tomo last checked: 03/30/2025 at 2:05 PM

Listing updated: 03/14/2025 at 1:58 PM

Listed by: Brendan Lewis, Robert Elliott and Associates Phone #: (972) 954-9206

MLS: NTREIS #20794059

NTREIS logo

Recently listed in Dallas

$745,000|3 bd|3.0 ba|House
$575,000|3 bd|4.0 ba|Townhouse
$349,000|3 bd|3.0 ba|House
$325,000|4 bd|3.0 ba|House
$289,000|4 bd|2.0 ba|House
$550,000|3 bd|2.0 ba|House
$299,999|2 bd|1.0 ba|House