NOT LISTED FOR SALE

9520 Royal Ln Unit 323D Dallas, TX 75243

Estimated Value: $65,000 - $90,000

3 Beds
3 Baths
524 Sq Ft
$142/Sq Ft Est. Value

Last Sold January 04, 2022

Current estimated payment $761/month

18 Days on Market

Highlights

  • Dual Staircase
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Merriman Park Elementary School Rated A-
  • 1-Story Property
  • Wood Burning Fireplace

About This Home

As of January 2022

This listing is for 3 separate condos in one condo complex. All condos are tenanted, and all tenants have been present for at least a year. All units are rented out at below market rent, which is now $700-800 per month, depending on condition. All units are 1 bed, 1 bath units, about 500 sqft., with 1 assigned parking space each. 1 unit is a 1st floor unit, and the other 2 are 3rd floor units. A package of 4 condos in this same complex sold for $65K per unit early this year, and that was before serious market appreciation. The past few units have all sold for around $75K per unit. Please understand that viewings prior to contract may not be possible due to difficulty scheduling a single showing with 3 tenants.

Last Agent to Sell the Property

Josh Winkler

Compass RE Texas, LLC License #0667101 Listed on: 11/14/2021

Compass RE Texas, LLC

Last Buyer's Agent

Nikki Eche

Coldwell Banker Realty License #0767737

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,653

Year Built

  • Built in 1983

Lot Details

  • 1.22

HOA Fees

  • $231 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 524 Sq Ft Home
  • 1-Story Property
  • Dual Staircase
  • Wood Burning Fireplace

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Assigned Parking

Schools

  • Skyview Elementary School
  • Forest Meadow Middle School
  • Lake Highlands School

Additional Features

  • 1.22 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Association fees include insurance, maintenance structure, management fees, sewer, water
  • 524 Sq Ft Building
  • Royal Lane Highlands HOA, Phone Number (972) 248-6065
  • Royal Lane Highlands Condos Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 4 / E8145
  • Assessor Parcel Number 00C63250000D00323
  • $1,409 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,653

Year Built

Built in 1983

Lot Details

0

HOA Fees

$231 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 22140
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 377.86260
  • Special Features: None
  • Year Built: 1983

Interior Features

  • Square Footage: 524.00
  • Fireplace Features: Wood Burning
  • Interior Amenities: Multiple Staircases, Other
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Oven, Microwave
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick, Vinyl Siding

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 3
  • Parking Features: Assigned
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • HOA Fee Includes: Insurance, Maintenance Structure, Management Fees, Sewer, Water
  • Complex Name: Royal Lane Highlands
  • Association Fee: 231
  • Association Fee Frequency: Monthly
  • Association Type: Mandatory
  • Hoa Management Company: Royal Lane Highlands HOA
  • HOA Management Company: 9722486065

Schools

  • School District: Richardson ISD
  • Elementary School: Skyview
  • High School: Lake Highlands
  • School District: Richardson ISD
  • Elementary School: Skyview
  • Junior High School: Forest Meadow
  • High School: Lake Highlands

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1 to < 3 Acres
  • Lot Size Units: Acres
  • Lot Size Area: 1.2240
  • Parcel Number: 00C63250000D00323
  • Lot Size Acres: 1.2240
  • Lot Size Sq Ft: 53317.4400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1983
  • Units Total: 3

Multi Family

  • Gross Annual Income: 22140.00
  • Unit Count: 3

Tax Info

  • Unexempt Taxes: 1409
  • TaxBlock: E8145
  • Tax Lot: 4

MLS Schools

  • MiddleOrJuniorSchool: Forest Meadow
  • Elementary School Name: Skyview
  • High School Name: Lake Highlands

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2010
Sold by
Land Mind Llc
Bought by
Texan Mutual Llc
Current Estimated Value
$74,272

Purchase Details

Closed on
Oct 12, 2006
Sold by
Tung John C and Li Minqi
Bought by
Land Mind Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Texan Mutual Llc -- Rtt
Land Mind Llc -- Rtt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Land Mind Llc $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2022 01/04/22 Sold -- -- --
12/02/2021 12/02/21 Pending -- -- --
11/14/2021 11/14/21 For Sale $200,000 0.0% $382 / Sq Ft
04/03/2013 04/03/13 Rented $395 0.0% --
04/03/2013 04/03/13 For Rent $395 0.0% --
02/02/2013 02/02/13 Rented $395 0.0% --
02/02/2013 02/02/13 For Rent $395 0.0% --
01/02/2012 01/02/12 Rented $395 0.0% --
01/02/2012 01/02/12 For Rent $395 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

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 $1,653 $70,550 $7,950 $62,600
2024 $1,653 $70,550 $7,950 $62,600
2023 $1,653 $63,560 $7,950 $55,610
2022 $1,672 $63,560 $7,950 $55,610
2021 $1,389 $49,940 $7,950 $41,990
2020 $1,409 $49,940 $7,950 $41,990
2019 $1,475 $49,940 $7,950 $41,990
2018 $1,181 $41,770 $7,950 $33,820
2017 $513 $18,160 $6,620 $11,540
2016 $481 $17,030 $6,620 $10,410
2015 $432 $15,420 $3,310 $12,110
2014 $432 $15,420 $3,310 $12,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14710264

North Texas Real Estate Information Systems (NTREIS)

APN: 00C63250000D00323