Fully entitled land development in opportunity zone. An exciting deal awaits investors and developers in the vibrant Deep Ellum neighborhood, near downtown Dallas! This development involves the construction of a five-story building with 20 units of contemporary, open-layout apartment condos. These 2-bedroom, 2-bathroom units span a total building area of 27,325 sellable or rentable square feet. Standing at approximately 75 feet tall, with 5 stories over the first floor parking, the building features a common rooftop with a walking track, a spacious dog park, and scenic hangout areas, offering stunning views of downtown Dallas. Approved plans, survey and all entitlement documents will convey with the sale. Don’t miss out on this promising investment for those seeking to benefit from the appreciation of this asset through either long-term ownership or the sale of individual units. Also, listed in Crexi and Loopnet.
Last updated on: 5/18/2024, 11:20:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,256
$202,170
2019
$5,526
$202,170
2018
$5,752
$202,170
2017
$4,581
$168,480
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,051
Per Month
Principal & Interest
$8,984
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,463
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
King Jr. Learning Center
1817 Warren Ave
Distance between this listing and this school1.58 miles
Public District Grades PK-5
Middle School
4
/10
Dade Middle School
2801 Park Row Ave
Distance between this listing and this school0.86 miles
Public District Grades 6-8
High School
2
/10
Madison High School
3000 Mlk Jr Blvd # B
Distance between this listing and this school0.97 miles
Public District Grades 9-12
Assigned Schools
6
/10
King Jr. Learning Center
1817 Warren Ave
Distance between this listing and this school1.58 miles
Public District Grades PK-5
Nearby Schools
4
/10
Zaragoza Elementary School
4550 Worth St
Distance between this listing and this school0.78 miles
Public District Grades PK-5
2
/10
Roberts Elementary School
4919 E Grand Ave
Distance between this listing and this school1.11 miles
Public District Grades PK-5
Assigned Schools
4
/10
Dade Middle School
2801 Park Row Ave
Distance between this listing and this school0.86 miles
Public District Grades 6-8
Nearby Schools
9
/10
St Anthony School
3732 Myrtle St
Distance between this listing and this school1.58 miles
Public Charter Grades 6-8
4
/10
Spence Talented and Gifted Academy
4001 Capitol Ave
Distance between this listing and this school1.86 miles
Public Magnet Grades 6-8
Assigned Schools
2
/10
Madison High School
3000 Mlk Jr Blvd # B
Distance between this listing and this school0.97 miles
Public District Grades 9-12
Nearby Schools
9
/10
Irma Lerma Rangel Young Women's Leadership School
1718 R B Cullum Blvd
Distance between this listing and this school1.02 miles
Public Magnet Grades 9-12
1
/10
Hospital/Homebound
912 S Ervay St
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $34,353. Typical income of Dallas, TX residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 405 Exposition Ave
What is the listing price of this property?
The listing price of 405 Exposition Ave property is $1,800,000.
What type of property is this?
The property 405 Exposition Ave is land located in Dallas, Texas, 75226.
Is this property for sale now?
Active Listing: 405 Exposition Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 405 Exposition Ave are: King Jr. Learning Center: GreatSchools Rating 6/10Dade Middle School: GreatSchools Rating 4/10Madison High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,256 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 405 Exposition Ave in Dallas, TX and zip code 75226 in the Old East Dallas neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $1,800,000.
While more than 0 listings in Dallas, TX in April 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. The inventory of homes for sale in Dallas, TX between March 2024 and April 2024 increased by 15.8%. The median list price of listings available in April 2024 was $249,000, while the average time on the real estate market was 37 days.
From Rocket Homes Real Estate and based on county public records data.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Music Concerts
Music Concerts
Major League Soccer (MLS)
Art Museums
H&M
Banana Republic
Bloomingdales
Chipotle
Jack In The Box
Starbucks
Volkswagen
Toyota
Audi
Rhythmic Contemporary Hits
Jazz
News