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$120,000

6646 E Lovers Lane Unit 1601, Dallas, TX, 75214

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths805 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$149.07 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Microwave, Washer
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesDeck
Lot Size5.03 acres

Building Information

Year Built1979
Roof Type105

Land Information

APN00000398224660000
Lot Number1
SubdivisionOaks-On-The-Lane Condo Ph Ii
Land UseResidential
Legal DescriptionOAKS-ON-THE-LANE CONDO PH II PT LT 1-2.568 AC LOVERS LANE BLDG R UNIT 1601 & 0.69% CE INT202200075279 DD03152022 CO-DC 5431
Census Tract007902
Assessed Land Value$45,340
Assessed Improvement Value$78,630
Assessment Year2026

About this property

Welcome to this first-floor, two-bedroom condo conveniently located near shopping, dining, and entertainment! Inside, you'll find laminate flooring throughout, a spacious living area featuring a fireplace, recessed lighting, and a wet bar complete with a granite countertop and sink. The kitchen offers granite countertops, a decorative backsplash, white cabinetry, and stainless steel appliances, including a newly installed dishwasher. Both bedrooms offer convenient access to the full bathroom, which also features a granite countertop. Fresh interior paint adds to the home's appeal. Step outside to enjoy a private fenced patio area with newly installed fencing and a gate, offering a great spot to relax outdoors. Additional improvements include a completely replaced roof. Located approximately 3 miles from White Rock Lake and 7.5 miles from Downtown Dallas, this condo offers convenient access to nearby parks, restaurants, and shopping destinations, including NorthPark Center, Medallion Center, and Lakewood Village.

Investor Tools

$117,116Estimated Mortgage Balance
$7,884Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

Interested in this property?

Ryan Cave

Keller Williams Realty Allen

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
$574/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,760
$123,970
2026
$45,340
$78,630
$123,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,760
$123,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$128,250
No
First
Mar 15, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,116
$7,884
6%
94%
$769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,750/mo
$1,343/mo
+$407/mo
16.8%

City: Dallas

6646 E Lovers Lane Unit 1601 | Property Details | No Agent List