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15859 Spectrum Drive

15859 Spectrum Drive, Addison, TX 75001
Townhouse in Meridian Square
Sold May 17, 2019
Transfer
$420,000 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2049
Sold Sep 15, 2015
$516,000
$412,775 by Homebridge Financial Services
Mortgage Due Oct 01, 2045
Local assessors in Addison, TX have categorized 15859 Spectrum Drive as a residential type of property. The home was built in 2014 and is 10 years old. The property's lot size has been calculated to be 1,439 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 15859 Spectrum Drive has a total of 2,280 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 462 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $516,000 in Sep 11, 2015. Current property owners are expected to pay $12,722 in taxes per year. The property on 15859 Spectrum Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $617,660. To break that down further, the land itself was valued at $75,000. While improvements to the property were assessed at a total of $542,660. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,439
  • Total Building Area: 2,742
  • Building Area: 2,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,280
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MERIDIAN SQUARE
  • Land Acres: 0.033
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: MERIDIAN SQUARE BLK C LT 1 INT201900127469 DD05152019 CO-DC 0056400C00100 3CA0056400C

Ownership

  • Current Owner : OLSON VERONICA
  • Current Owner 2: VERONICA OLSON CONTINUATION TRUST
  • Previous Owner : GRAY ROBERT T
  • Previous Owner 2: GRAY LESLI A
  • Owner Before Previous Owner: ADDISON URBAN DEVELOPMENT PARTNERS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 013628

Zoning

  • Zoning: Z236

Geography

  • Assessors Map Reference: 100056400C00100
  • Account Number: 100056400C00100
  • Subdivision Tract Number: 564
  • Parcel: 10-00564-00C-001-0000
  • Block: C
  • Lot: 1
  • Municipality: ADDISON
  • Latitude: 32.9655
  • Longitude: -96.8242

    Address

  • Full Address: 15859 Spectrum Dr
  • Address - House Number: 15859
  • Address - Street Name: Spectrum
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Addison
  • Carrier Code: C061
  • 4-Digit Zip Code: 6382
  • Zip Code: 75001

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,722
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 723,959
  • High Value: 886,227
  • Low Value: 561,692

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 14, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $420,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $617,660
  • Market Land Value: $75,000
  • Market Improvement Value: $542,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $617,660
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $542,660

    Sales

  • Current Sale Contract Date: May 15, 2019
  • Current Sale Recording Date: May 17, 2019
  • Current Sale Transaction ID: 11610471797
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201900127469
  • Previous Sale Recording Date: Sep 15, 2015
  • Previous Sale Contract Date: Sep 11, 2015
  • Previous Sale Amount: $516,000
  • Previous Sale Document Type: Vendor's Lien

    Previous Mortgages

  • Previous Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • Previous Mortgage Transaction Date: Sep 15, 2015
  • Previous Mortgage Loan Amount: $412,775
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2045

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Frequently Asked Questions

What neighborhood is 15859 Spectrum Drive located in?
The 15859 Spectrum Drive is a townhouse located in the neighborhood of Meridian Square in Meridian Square, Addison.
What is the average sales price for listings in 15859 Spectrum Drive?
The average sales price for units in 15859 Spectrum Drive is $0 currently.

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