- Dallas County
- Addison TX
- 75001
- Local Area: Meridian Square Condominiums
Property Overview
Set amongst the treetops, this exceptional one-owner luxury condominium offers a serene, elevated setting paired with sophisticated designer finishes throughout. Meticulously upgraded by its original owner, #1105 features designer light fixtures, a stylish built-in bar, custom closet systems, and beautifully crafted built-in cabinetry. Every detail has been thoughtfully selected, creating an atmosphere of polished elegance. It feels like stepping into a model showroom! The owner thoughtfully selected and purchased the furnishings in collaboration with a professional design team specifically for this condominium, creating a beautifully curated style throughout. The furnishings are available for consideration separately, offering the opportunity to acquire this exquisitely decorated condo as presented and preserve its sophisticated designer look.
Beyond the residence, enjoy an enviable lifestyle just steps from the dining, shopping, entertainment and seasonal events of Addison Circle. With tree-lined streetes, beautiful parks, and the vibrant energy of Addison Circle Park all within walking distance, this is refined urban living surrounded by nature! An exceptional opportunity to experience, luxury, convenience, and an effortless lock-and-leave lifestyle centrally located in the heart of DFW Metroplex. Convenience is exceptional, with Addison Airport, Love Field and DFW Airport within close proximity. Addison Circle is also serviced by the DART rail train system, providing convenient access throughout the metroplex. The Dallas North Tollway is a block from Meridian Square for easy access and a 15 minute drive north to Legacy Business corridor, Toyota headquarters in Plano or 15 minutes to downtown Dallas and Uptown. Experience the epitome of low-maintenance living in one of DFW's most distinctive and convenient locations.
15875 Spectrum is the newest building at Meridian Square. Fully enclosed w-private secured access building and garage with 2 parking spaces
Featured spaces
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Property highlights
Year Built 2021
School District Dallas Isd
HOA $638 Monthly
Pool Yes
Parking 2-car garage, 2 covered
Gated Gated entry
Architecture ContemporaryModern,Traditional
Neighborhood Meridian Square Condominiums
Full Property Details
Property Details
Quick Details
- Price $535,000
- Status Active
- Bedrooms 3
- Bathrooms 3
- Square Feet 1,754 Sq Ft
- Year Built 2021
- Price / Sq Ft $305 / Sq Ft
- MLS # 21362558
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Meridian Square Condominiums
- Days on Market 2
Home Details
- Full Baths 2
- Half Baths 1
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile, Wood
- Heating Central, Electric
- Cooling Central Air, Ceiling Fans, Electric
Kitchen & Interior
- Appliances Some Gas Appliances, Dishwasher, Electric Oven, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Plumbed For Gas, Tankless Water Heater, Vented Exhaust Fan
- Interior Features Built In Features, Chandelier, Dry Bar, Decorative Designer Lighting Fixtures, High Speed Internet, Kitchen Island, Open Floorplan, Cable Tv, Walk In Closets, Wired For Sound
Lot & Exterior
- Exterior Features Balcony, Lighting, Rain Gutters
- Pool Features Gunite, In Ground, Community
Parking
- Parking Assigned, Common, Driveway, Underground, Electric Gate, Garage, Gated, Community Structure
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- HOA Fee $638 Monthly
- HOA Includes Association Management, Gas, Insurance, Maintenance Grounds, Maintenance Structure
Utilities
- Utilities Electricity Available, 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 08/19/2026
- Source Updated 08/19/2026
- Last Updated 08/19/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 15875 Spectrum Drive #1105
Dallas Central Appraisal District records for 15875 Spectrum Drive #1105, Addison, TX 75001 show a CAD market value of $490,000 and a net appraised value of $490,000. 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 #1105, 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 $17,300 + Improvement Value $472,700 = CAD Market Value $490,000
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: $472,700 Total Area: 1754 Sqft Living Area: 1754 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 $490,000 − All Current CAD Reductions $0 = Current Taxed Starting Point $490,000
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 |
$332,000 | 0.6081 | $2,980 | -$961 | $2,019 |
|
School District
DALLAS ISD |
$206,000 (H) | 0.9938 | $4,870 | -$2,822 | $2,047 |
|
County
DALLAS COUNTY |
$292,000 | 0.2155 | $1,056 | -$427 | $629 |
|
College
DALLAS COLLEGE |
$292,000 | 0.1066 | $522 | -$211 | $311 |
|
Hospital District
PARKLAND HOSPITAL |
$292,000 | 0.2120 | $1,039 | -$420 | $619 |
(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) $10,466 − Est. Tax Reductions / Savings $4,841 = Est. Taxes (With Current Exemptions) $5,626
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $4,841. 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 $5,626 with the exemptions shown today and $10,466 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 | $17,300 | $394,890 | $412,190 | — | +$324,490 / +370.00% |
| 2022 | $17,300 | $394,890 | $412,190 | — | — |
| 2023 | $17,300 | $394,890 | $412,190 | — | — |
| 2024 | $17,300 | $526,440 | $543,740 | $453,409 | +$131,550 / +31.91% |
| 2025 | $17,300 | $502,040 | $519,340 | $498,749 | -$24,400 / -4.49% |
| 2026 | $17,300 | $472,700 | $490,000 | — | -$29,340 / -5.65% |
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 $535,000 − Current CAD Market Value $490,000 = Over CAD Value +$45,000 (+9.2%)
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 CONDOMINIUMS
A curated look at local favorites, everyday stops, and lifestyle context near this property.