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$685,000

3205 State Street Unit 6, Dallas, TX, 75204

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,020 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$339.11 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal
FlooringCarpet, Travertine, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size2.01 acres

Building Information

Year Built2006
Roof Type106
Garage Spaces2

Land Information

APN00C81460000100006
Lot Number2A
SubdivisionWest Side At State Thomas Condos
Land UseResidential
Legal DescriptionWEST SIDE AT STATE THOMAS CONDOS BLK A/582 LT 2A ACS 2.007 BLDG 1 UNIT 6 CE 1.64% INT202200235468 DD08302022 CO-DC 0582 00A
Census Tract001703
Assessed Land Value$143,380
Assessed Improvement Value$462,620
Assessment Year2026

About this property

State Thomas. Brick sidewalks, live oaks arching over the street & the largest stand of Victorian homes left in Dallas. The most walkable corner of Uptown, & this one sits in the middle of it. Three levels, two bedrooms, both ensuite, gated parking. Three floors means three zones, so nobody steps over anybody. Street level off State: travertine throughout, guest suite with ensuite bath & walk in closet. Guests get their own floor. Up to the second & it opens. Kitchen on the left: granite, stainless, gas stove, walk in pantry, island with seating, transom windows pulling light all day. Dining in the middle. Living on the right, windows full of live oak. Half bath on the same floor, so guests stay put. Plantation shutters & hardwoods throughout. Third level, hardwoods again. A flex room, nursery today, office or gym tomorrow. Full size washer & dryer in the hall. Then the primary: big, quiet, oak canopy in the windows. Travertine bath with floating double vanity, soaking tub & walk in shower. A closet the size of a bedroom. Then there’s the door in the primary. Most of this city pays cover for a skyline view. This one opens off your bedroom. Step through & Dallas is waiting: 360 degrees, downtown dead ahead, nothing overhead but sky. Sunrise over the towers. Sunset behind them. Fourth of July from your own deck. Six people up here with drinks is a night nobody forgets, & one person up here with coffee is the reason you stay. That terrace is the house. Downstairs, the neighborhood handles the rest. Griggs Park down the block, eight acres, dog in tow. White Rhino for coffee, Parliament for cocktails, State & Allen for brunch, Nodding Donkey for the game. Whole Foods, the Katy Trail, Klyde Warren & the American Airlines Center all on foot. The M Line trolley runs McKinney free to the Arts District. Downtown in minutes. Your first place, or the one you waited to get back to. Lock it & go. Oaks at the door. Dallas on the roof. Everything else inside a ten minute walk.

Investor Tools

$488,896Estimated Mortgage Balance
$279,104Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,608 /month
Positive
Cash Flow Estimate:
$1,536 /month

Interested in this property?

Carmen DiPenti

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,187/month
$780/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,402
$606,000
2026
$143,380
$462,620
$606,000
No

Tax History

Year
Tax Paid
Assessed Value
2026
$10,402
$606,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$530,400
No
First
Aug 30, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$488,896
$279,104
36%
64%
$3,181/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,210/mo
$3,961/mo
$-751/mo
5.0%

City: Dallas

3205 State Street Unit 6 | Property Details | No Agent List