The Lofts 7152 Fair Oaks Ave Unit 1029 Dallas, TX 75231
Vickery NeighborhoodEstimated payment $797/month
Highlights
- Gated Community
- Vaulted Ceiling
- Loft
- Jack Lowe Sr Elementary School Rated A-
- Traditional Architecture
- Walk-In Closet
About This Home
*TURN-KEY INVESTMENT** Opportunity to acquire 1-3 highly performing, newly updated properties in the growing Midtown Improvement District of Dallas. With current, performing leases in place and capital improvements already completed, this property is an ideal addition to an existing rental portfolio or for someone seeking to establish one. Unit is operating at an 8.5% CAP Rate with low HOA dues and tenants responsible for their own utilities. Properties are located in an ideal location providing access to multiple highways, Dart Rail, shopping, restaurants and major healthcare facilities.
The value add opportunity for this unit would be in the substantial investment from the City of Dallas through MID, with numerous planned improvements for the upcoming year that have already been approved and made public. Investments have already been made in two new schools (4 total), Vickery Park branch of the Dallas Public Library, parks, and the SOPAC trail which connects residents to Flag Pole Hill, White Rock Lake and Katy Trail. This benefit has already been realized in property values and rent rates over the last couple of years and with planned updates to the complex, as well, it should only continue to improve. Additional information can be found on the Midtown Improvement Districts website. This property can be purchased independently or as part of a three-unit package, with MLS# 20990534 and one additional unit that will is off market, but is available as part of a package deal.
Listing Agent
eXp Realty LLC Brokerage Phone: 214-641-9635 License #0789933 Listed on: 08/15/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,723
Year Built
- Built in 1975
HOA Fees
- $125 Monthly HOA Fees
Home Design
- Traditional Architecture
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 514 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Living Room with Fireplace
- Loft
- Laminate Flooring
Kitchen
- Electric Oven
- Electric Range
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Walk-In Closet
- 1 Full Bathroom
Home Security
Parking
- Common or Shared Parking
- On-Site Parking
- Parking Lot
- Parking Permit Required
Schools
- Jack Lowe Sr Elementary School
- Conrad High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 1 / 45195
- Assessor Parcel Number 00000366787420000
Community Details
Overview
- Association fees include all facilities, management, insurance, ground maintenance
- Lofts Homeowners Association
- Lakeview Lofts Condos Subdivision
Amenities
- Community Mailbox
Security
- Gated Community
- Fire and Smoke Detector
Map
About The Lofts
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,387 | $72,120 | $20,900 | $51,220 |
| 2024 | $1,387 | $77,100 | $20,900 | $56,200 |
| 2023 | $1,169 | $48,830 | $17,420 | $31,410 |
| 2022 | $1,221 | $48,830 | $17,420 | $31,410 |
| 2021 | $1,288 | $48,830 | $17,420 | $31,410 |
| 2020 | $1,325 | $48,830 | $17,420 | $31,410 |
| 2019 | $1,316 | $46,260 | $13,930 | $32,330 |
| 2018 | $1,258 | $46,260 | $13,930 | $32,330 |
| 2017 | $559 | $20,560 | $5,810 | $14,750 |
| 2016 | $419 | $15,420 | $5,810 | $9,610 |
| 2015 | $409 | $15,420 | $5,810 | $9,610 |
| 2014 | $409 | $14,390 | $5,810 | $8,580 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $99,500 | -- | $194 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20990566
APN: 00000366787420000
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