tomo logo

$255,000

Beds
2
Baths
2.0
sq ft
1,046

5616 Preston Oaks Rd Unit 508, Dallas, TX 75254

5616 Preston Oaks Rd Unit 508

Dallas, TX 75254

  • <1 day on market
Prime Location in Addison North Dallas area! Welcome to The Oaks of Montfort, a gated community offering security, two sparkling pools, and a covered picnic area by the pool. This move-in ready 2 story flat features 2 bedrooms, 2 bathrooms, and a private garage—a rare find! Step inside to wood-look flooring, granite countertops throughout, and a cozy wood-burning fireplace in the spacious family room. Skylights flood the open living space with natural light, while the split-bedroom layout ensures privacy. Enjoy morning coffee or evening relaxation on your private rear balcony. The galley-style kitchen is fully equipped with a range, built-in microwave, dishwasher, and refrigerator (included!). Plus, the stackable washer and dryer stay, making this home truly move-in ready. Located just minutes from Addison’s vibrant dining and nightlife, the Galleria for shopping, and major highways (Dallas North Tollway & LBJ Freeway), this home offers unbeatable convenience.

Details

Property type

Condominium

Est. home value

$241,807

Lot size

6.932 acres

Price per sq ft

$244

Year built

1981

Annual property taxes

$5,191

Monthly HOA fee

$387

Price History

03/13/2025
NTREIS

NTREIS #20835780

Listed
$255,000
09/15/2022
NTREIS

NTREIS #20120430

Removed
09/26/2019
NTREIS

NTREIS #14157834

Removed

Schools & Community

Neighborhood: 

Far North

Elementary school: 

Frank Guzick

Middle school: 

Benjamin Franklin

High school: 

Hillcrest

Community features: 

Pool, Gated, Clubhouse

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

$30,912
Asking price
$255,000
Closing costs (~8% of asking)
-$20,400
Est. remaining loan balance
-$203,688
Cash to seller
$30,912

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

Seller’s Loan History

Lender

Thrive Mortgage Llc

Loan start date

September 2022

Original loan amount

$211,375

Est. remaining balance

$203,688

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Cristie Dawn Robinson

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: 03/14/2025 at 7:15 AM

Listing updated: 03/13/2025 at 10:13 PM

Listed by: Judi Wright, Ebby Halliday, REALTORS Phone #: (972) 335-6564

MLS: NTREIS #20835780

NTREIS logo

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