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$400,000

15831 Spectrum Drive, Addison, TX, 75001

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths1,778 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$224.97 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Water Heater, Disposal, Gas Range, Microwave
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size6.03 acres

Building Information

Year Built2005
Roof Type172
Garage Spaces2

Land Information

APN10C05500002000181
SubdivisionTownhomes Of District A Ph 1-11
Land UseResidential
Legal DescriptionTOWNHOMES OF DISTRICT A PH 1-11 ALL BLKS A,B,D, & E ACS 6.029 BLDG 20 UNIT 181 CE .52% INT202300150613 DD07272023 CO-DC
Census Tract013628
Assessed Land Value$24,580
Assessed Improvement Value$393,250
Assessment Year2026

About this property

**Walkable Addison Circle living with the feel of a townhome and the convenience of a condo!** Location is everything, and this three-story, townhome-style condo puts you in the heart of one of Addison's most vibrant neighborhoods, just steps from restaurants, coffee shops, inviting patios, Addison Circle Park, and year-round entertainment. Imagine grabbing your morning coffee, meeting friends for happy hour, or enjoying popular community events like Addison Oktoberfest and Kaboom Town, all without having to venture far from home! Inside, nearly 1,800 square feet of thoughtfully designed living space offers 2 bedrooms, 2.5 bathrooms, and a private two-car garage. Freshly painted cabinetry and brand-new carpet provide a refreshed feel, while the multi-level layout offers the perfect balance of open gathering spaces and privacy. With bedrooms situated on separate floors, the flexible floor plan is ideal for guests, a roommate, or a dedicated home office. The spacious primary suite provides a relaxing retreat, complete with a sitting area, soaking tub, separate shower, dual vanities, and a generous walk-in closet. Enjoy the charm of a neighborhood designed for getting out and exploring, with nearby shopping, dining, parks, and convenient access to the Dallas North Tollway for commuting throughout the Metroplex. Whether you're looking for a lock-and-leave lifestyle, a convenient home base, or simply a place where you can spend less time driving and more time enjoying life, this Addison Circle gem delivers. **The best part of this home might just be everything waiting outside your front door!**

Investor Tools

$287,671Estimated Mortgage Balance
$130,159Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,507 /month
Positive
Cash Flow Estimate:
$836 /month

Interested in this property?

Vanessa Buchalski

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$923/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,988
$417,830
2026
$24,580
$393,250
$417,830
No

Tax History

Year
Tax Paid
Assessed Value
2026
$8,988
$417,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$306,000
No
First
Jul 27, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,671
$130,159
31%
69%
$1,835/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$2,235/mo
+$15/mo
6.5%

City: Addison

15831 Spectrum Drive | Property Details | No Agent List