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2611 Ross Avenue

2611 Ross Avenue, Dallas, TX 75201
Property in Arts District
Sold Mar 31, 2016
$32,187,500
$25,750,000 by Massachusetts Mutual Life Insu
Mortgage Due Apr 01, 2026
Sold Jun 16, 2011
Transfer
2611 Ross Avenue in Dallas, TX was first built in 2008 and is 16 years old. This has been categorized as a residential property type. There are a total of 5 floors. The linear feet across the front of the lot is 2,230 ft and the linear feet between the front and back of the lot is 1,590. In total, the area measurement of the land is 63,858 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2611 Ross Avenue was last sold in Mar 25, 2016 for $32,187,500. According to our calculations, that's $119.55 per sqft. Current property owners are expected to pay $1,227,107 in taxes per year. The property on 2611 Ross Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $50,667,650. To break that down further, the land itself was valued at $7,662,960. While improvements to the property were assessed at a total of $43,004,690. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Floor Count: 5
  • Living Units: 228
  • Business/Commerical Units Count: 350
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 63,858
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 2,230
  • Total Building Area: 269,237
  • Gross Building Area: 215,819
  • Building Area: 269,237
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARTS DISTRICT ONE
  • Land Acres: 1.466
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ARTS DISTRICT ONE BLK 306 LT 1A ACS 1.466 INT201600084341DD03312016 CO-DC 0306 000 01A00 7DA0306 000

Ownership

  • Current Owner : ARTS GFPG LLC
  • Previous Owner : BVF-II ARTS LIMITED PARTNERSHIP
  • Owner Before Previous Owner: JEFFERSON AT ARTS DISTRICT L P
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dallas Independent School District
  • School Tax School District: DALLAS ISD
  • Census Tract: 001705

Zoning

  • Zoning: Z21

Geography

  • Assessors Map Reference: 000306000001A00
  • Account Number: 000306000001A00
  • Parcel: 00-03060-000-01A-0000
  • Block: 306
  • Lot: 1A
  • Municipality: DALLAS
  • Latitude: 32.7913
  • Longitude: -96.7945

    Address

  • Full Address: 2611 Ross Ave
  • Address - House Number: 2611
  • Address - Street Name: Ross
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Dallas
  • Carrier Code: C012
  • 4-Digit Zip Code: 2539
  • Zip Code: 75201

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,227,107
  • Tax Rate Code Area: KWP

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $25,750,000
  • First Open Lien Mortgage Lender: MASSACHUSETTS MUTUAL LIFE INSU
  • First Open Lien Mortgage Recording Date: Mar 31, 2016
  • First Open Lien Mortgage Loan Amount: $25,750,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2026

    Market Valuation

  • Market Total Value: $50,667,650
  • Market Land Value: $7,662,960
  • Market Improvement Value: $43,004,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,667,650
  • Assessed Land Value: $7,662,960
  • Assessed Improvements Value: $43,004,690

    Sales

  • Current Sale Contract Date: Mar 25, 2016
  • Current Sale Recording Date: Mar 31, 2016
  • Current Sale Transaction ID: 1497992098
  • Current Sale Price: $32,187,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 201600084341
  • Previous Sale Recording Date: Jun 16, 2011
  • Previous Sale Contract Date: Jun 14, 2011
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MASSACHUSETTS MUTUAL LIFE INSU
  • First Mortgage Transaction Date: Mar 31, 2016
  • First Mortgage Loan Amount: $25,750,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 01, 2026

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Frequently Asked Questions

What neighborhood is 2611 Ross Avenue located in?
The 2611 Ross Avenue is a located in the neighborhood of Arts District in Central Dallas, Dallas.
What is the average sales price for listings in 2611 Ross Avenue?
The average sales price for units in 2611 Ross Avenue is $0 currently.

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