15875 Spectrum Drive #2101 Addison, TX 75001
- Dallas County
- Addison TX
- 75001
- Local Area: Meridian Square Condos Bldg 5
Property Overview
**Concession available for flooring and paint!**Prime DFW Location — Stunning Modern Condo Steps from Addison Circle & and less than 5 Minutes to the Tollway! Welcome to this exceptional 3-bedroom, 2.5-bath, 1,800+ sq ft condo in the highly sought-after Meridian Square community — where incomparable quality, low-maintenance living, and an absolutely unbeatable location come together to create the ultimate urban lifestyle experience! From the moment you step inside, the modern designer color selections, gorgeous wood flooring, solid core doors, and sleek quartz countertops set a sophisticated and elevated tone throughout. Stainless steel appliances and premium finishes in every direction confirm that no detail was overlooked in crafting this beautifully appointed home. This is the kind of quality that is immediately apparent and genuinely hard to find at any price point. Meridian Square delivers a rare and refreshing combination — a community-driven nature filled setting with all the vibrancy and convenience of urban living right outside your door. Walk to the parks, acclaimed dining, and exciting outdoor events of iconic Addison Circle whenever the mood strikes. The energy, culture, and lifestyle of one of DFW's most beloved destinations is literally steps away. The location is simply extraordinary. Positioned in the very heart of the DFW Metroplex, you are just 5 minutes from the North Dallas Tollway, with an effortless commute to Legacy West in Plano or the electric Uptown and Downtown Dallas corridor — putting virtually everything the metroplex has to offer within easy, everyday reach. Modern design, premium finishes, walkable urban lifestyle, and a commuter's dream location — this stunning condo is the total package!
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Property highlights
Year Built 2018
School District Dallas Isd
HOA $690 Monthly
Pool Pool
Parking 2-car garage, 2 covered
Architecture ContemporaryModern,Traditional
Acreage Estate 1.53 acres
Fireplace 1 Fireplaces
Neighborhood Meridian Square Condos Bldg 5
Full Property Details
Property Details
Quick Details
- Price $525,000
- Status Active
- Bedrooms 3
- Bathrooms 3
- Square Feet 1,837 Sq Ft
- Lot Size 1.53 acres
- Lot Size Sq Ft 66,777
- Year Built 2018
- Price / Sq Ft $286 / Sq Ft
- MLS # 21355968
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Meridian Square Condos Bldg 5
- Days on Market 7
Home Details
- Full Baths 2
- Half Baths 1
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile, Wood
- Heating Central, Electric, Zoned
- Cooling Central Air, Ceiling Fans, Electric, Zoned
Kitchen & Interior
- Appliances Some Gas Appliances, Dishwasher, Electric Oven, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Plumbed For Gas
- Interior Features Decorative Designer Lighting Fixtures, High Speed Internet, Cable Tv, Wired For Sound
- Fireplaces 1
- Fireplace Features Free Standing
Lot & Exterior
- Exterior Features Balcony, Lighting
- Pool Features Gunite, In Ground, Pool, Community
Parking
- Parking Assigned, Common, Underground
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $12,164
- HOA Fee $690 Monthly
- HOA Includes All Facilities, Association Management, Gas, Insurance, Maintenance Structure
Utilities
- Utilities Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Bush — Dallas ISD
- Middle Walker — Dallas ISD
- High White — Dallas ISD
Listing Information
- MLS Board NTREIS
- List Date 08/21/2026
- Source Updated 08/27/2026
- Last Updated 08/27/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 15875 Spectrum Drive #2101
Dallas Central Appraisal District records for 15875 Spectrum Drive #2101, Addison, TX 75001 show a CAD market value of $569,470 and a net appraised value of $569,470. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Dallas Central Appraisal District property-tax and appraisal records for 15875 Spectrum Drive #2101, Addison, TX 75001, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Dallas Central Appraisal District Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $18,110 + Improvement Value $551,360 = CAD Market Value $569,470
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $551,360 Total Area: 1837 Sqft Living Area: 1837 Sqft
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $569,470 − All Current CAD Reductions $0 = Current Taxed Starting Point $569,470
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
ADDISON |
$455,576 | 0.6081 | $3,463 | -$693 | $2,770 |
|
School District
DALLAS ISD |
$372,523 (H) | 0.9938 | $5,660 | -$1,957 | $3,702 |
|
County
DALLAS COUNTY |
$455,576 | 0.2155 | $1,227 | -$245 | $982 |
|
College
DALLAS COLLEGE |
$455,576 | 0.1066 | $607 | -$121 | $486 |
|
Hospital District
PARKLAND HOSPITAL |
$455,576 | 0.2120 | $1,207 | -$241 | $966 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $12,164 − Est. Tax Reductions / Savings $3,258 = Est. Taxes (With Current Exemptions) $8,906
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $3,258. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $8,906 with the exemptions shown today and $12,164 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $18,110 | $441,140 | $459,250 | — | +$367,400 / +400.00% |
| 2022 | $18,110 | $441,140 | $459,250 | — | — |
| 2023 | $18,110 | $441,140 | $459,250 | — | — |
| 2024 | $18,110 | $551,360 | $569,470 | $505,175 | +$110,220 / +24.00% |
| 2025 | $18,110 | $551,360 | $569,470 | $555,692 | — |
| 2026 | $18,110 | $551,360 | $569,470 | — | — |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $525,000 − Current CAD Market Value $569,470 = Under CAD Value -$44,470 (-7.8%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND MERIDIAN SQUARE CONDOS BLDG 5
A curated look at local favorites, everyday stops, and lifestyle context near this property.