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$325,000

500 Waters Edge Drive 234, Lake Dallas, TX, 75065

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,450 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$224.14 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesSome Gas Appliances, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Gas Range, Microwave, Plumbed For Gas
FlooringCeramic Tile, Engineered Hardwood

Exterior

Private PoolPrivate Pool
Lot Size3.68 acres

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR295909 02
SubdivisionWaters Edge Condominium
Land UseCondominium
Legal DescriptionWATERS EDGE CONDOMINIUM BLD 2 UNT 234 PLUS 1.2756 % INT IN COM AREA UNIT TYPE B UNIT TYPE B
Census Tract021411
Assessed Land Value$46,446
Assessed Improvement Value$233,085
Assessment Year2024

About this property

Third floor, top floor condo on Lewisville Lake with 3 bedrooms, 2 full baths, 1,450 square feet, elevator access, attic storage only for those on the top floor, two covered parking spaces and a covered balcony with a lake view. Located in the gated Waters Edge community in Lake Dallas, this unit combines a functional singl -level floor plan with features that can be difficult to find in condo living. The kitchen has updated countertops and backsplash, stainless steel appliances, extensive wood cabinetry and a breakfast bar overlooking the living area. The kitchen, dining and living spaces are connected, while still providing defined areas for each. There is no carpet; engineered hardwood flooring runs through the main living areas and bedrooms, with tile in the wet areas. The primary bedroom has direct balcony access and an ensuite bath with dual sinks, separate walk-in shower, jetted tub and walk-in closet. The covered balcony includes a retractable screen and overlooks a wooded area with views of Lewisville Lake. As a top floor unit, there are no neighbors above, and the attic provides additional storage not commonly found in a condo. Waters Edge is a gated community with a pool, spa and beach access to Lewisville Lake. Built in 2005, this move-in-ready condo offers lake access, elevator service, covered parking and low-maintenance living with convenient access to Lake Dallas and I-35E.

Investor Tools

$0Estimated Mortgage Balance
$447,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,682 /month
Positive
Cash Flow Estimate:
$894 /month

Interested in this property?

Jennifer Fowler

House Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
$590/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,482
$279,531
2024
$46,446
$233,085
$279,531
No

Tax History

Year
Tax Paid
Assessed Value
2023
$2,482
$279,531

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$447,000
100%
0%
$0/mo

City: Lake Dallas