tomo logo

$10,250,000

Beds
5
Baths
8.0
sq ft
9,061

5515 Palomar Ln, Dallas, TX 75229

5515 Palomar Ln

Dallas, TX 75229

  • 76 days on market
    • Price drop $400,000↓
Modern Cape Cod estate designed by Lloyd Lumpkins on 1.1 acres in the prestigious Lobello Estates area of Preston Hollow. Features include 5 en-suite bedrooms, 3-half bathrooms, 4 living areas & one dining area. The primary suite is a wonderful retreat with a wall of windows overlooking the backyard, fountain & large sculpture. Features also include a wet room with oversized shower & soaking tub & a private courtyard with outdoor shower. The well appointed chef’s kitchen includes 3 islands, Miele double refrigerator & freezer, induction cooktop, Bertazzoni gas range, steam oven & a China gallery with coffee bar. The kitchen opens into the large family room with fireplace & screened-in-porch that feature views of the private backyard with sport or pickleball court, pool & spa & large grassy lawn. Indoors, entertain in style in a stunning parlor with wet bar & climate-controlled wine storage. Upstairs features a guest wing, living area and 2 sitting areas & 3 additional ensuite bedrooms.

Details

Property type

Single Family Residence

Est. home value

$5,697,536

Lot size

1.1 acres

Price per sq ft

$1,132

Year built

2021

Annual property taxes

$110,201

Price History

12/05/2024
NTREIS

NTREIS #20747808

Price change
$10,250,000
-3.76%
10/07/2024
NTREIS

NTREIS #20747808

Listed
$10,650,000
12/31/2020
NTREIS

NTREIS #14403851

Removed

Schools & Community

Neighborhood: 

Preston Hollow

Elementary school: 

Pershing

Middle school: 

Benjamin Franklin

High school: 

Hillcrest

School district: 

Dallas ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pegasus Bank

Loan start date

February 2023

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.48%

Loan type

Credit Line (Revolving)

Seller

Jennifer A Duncan and Gregory D Duncan

Lender

Pegasus Bank

Loan start date

February 2023

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.48%

Loan type

Building or Construction Loan

Seller

Jennifer A Duncan and Gregory D Duncan

Lender

Pegasus Bank

Loan start date

October 2021

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

Purchase Money Mortgage

Seller

Jennifer Ann Duncan

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: 12/23/2024 at 4:35 AM

Listing updated: 12/09/2024 at 9:02 AM

Listed by: Gianna Cerullo, Compass RE Texas, LLC. Phone #: (214) 814-8100

MLS: NTREIS #20747808

NTREIS logo

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