5840 Spring Valley Road #902 Dallas, TX 75254
- Dallas County
- Dallas TX
- 75254
- Local Area: Preston Racquet Club Condo
Property Overview
Stunning remodel on two-story condo! Second floor unit with LVP floors through the main areas and bedrooms. Kitchen designed with modern tile, gorgeous quartz counters. and modern fixtures looking out to main area and into beautiful treetops! Utility room off kitchen with full-size stackable washer and dryer included in lease. Cozy up on the balcony looking out to the matured trees and pool area close by. Secondary bedroom located on second floor (main floor). Third floor offers a flex space for office, yoga, reading, etc., and primary bedroom on third level with private entrance, ensuite bath with walkin shower. Onsite fitness center available to tenant, crystal blue swimming pool to enjoy cooling down on these hot summer days, and water utility included in the lease.
Featured spaces
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Property highlights
Year Built 1981
School District Dallas Isd
HOA $418 Monthly
Pool Pool
Parking 1 covered spaces
Gated Gated entry
Acreage Estate 8.92 acres
Fireplace 1 Fireplaces
Neighborhood Preston Racquet Club Condo
Full Property Details
Property Details
Quick Details
- Price $162,500
- Status Active
- Bedrooms 2
- Bathrooms 2
- Square Feet 1,116 Sq Ft
- Lot Size 8.92 acres
- Lot Size Sq Ft 388,381
- Year Built 1981
- Price / Sq Ft $146 / Sq Ft
- MLS # 21363167
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Preston Racquet Club Condo
- Days on Market 52
Home Details
- Full Baths 2
- Half Baths 0
- Foundation Other, Slab
- Roof Composition, Other
- Flooring Ceramic Tile, Luxury Vinyl Plank
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
- Interior Features Decorative Designer Lighting Fixtures, Granite Counters, High Speed Internet, Open Floorplan, Other, Vaulted Ceilings
- Fireplaces 1
- Fireplace Features Electric
Lot & Exterior
- Fencing Other, Wood, Wrought Iron
- Pool Features Pool
Parking
- Parking Assigned, Covered, Electric Gate, No Garage, On Site, Paved
- Garage Spaces 0
- Covered Parking 1
- Attached Garage No
Taxes & HOA
- HOA Fee $418 Monthly
- HOA Includes All Facilities, Association Management, Maintenance Grounds, Water
Utilities
- Utilities Electricity Available, Electricity Connected, Other, Sewer Available, Water Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Pershing — Dallas ISD
- Middle Benjamin Franklin — Dallas ISD
- High Hillcrest — Dallas ISD
Listing Information
- MLS Board NTREIS
- List Date 08/18/2026
- Source Updated 10/09/2026
- Last Updated 10/09/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 5840 Spring Valley Road #902
Dallas Central Appraisal District records for 5840 Spring Valley Road #902, Dallas, TX 75254 show a CAD market value of $174,780 and a net appraised value of $174,780. 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 5840 Spring Valley Road #902, Dallas, TX 75254, 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 $56,120 + Improvement Value $118,660 = CAD Market Value $174,780
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: $118,660 Total Area: 1116 Sqft Living Area: 1116 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.
No standard exemptions or CAD reductions were detected in the current record.
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 $174,780 − All Current CAD Reductions $0 = Current Taxed Starting Point $174,780
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
DALLAS |
$174,780 | 0.6988 | $1,221 | — | $1,221 |
|
School District
DALLAS ISD |
$174,780 | 0.9938 | $1,737 | — | $1,737 |
|
County
DALLAS COUNTY |
$174,780 | 0.2155 | $377 | — | $377 |
|
College
DALLAS COLLEGE |
$174,780 | 0.1066 | $186 | — | $186 |
|
Hospital District
PARKLAND HOSPITAL |
$174,780 | 0.2120 | $371 | — | $371 |
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) $3,892 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $3,892
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
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 | $56,120 | $88,960 | $145,080 | — | +$27,900 / +23.81% |
| 2022 | $56,120 | $88,960 | $145,080 | — | — |
| 2023 | $56,120 | $117,300 | $173,420 | — | +$28,340 / +19.53% |
| 2024 | $56,120 | $118,660 | $174,780 | — | +$1,360 / +0.78% |
| 2025 | $56,120 | $118,660 | $174,780 | — | — |
| 2026 | $56,120 | $118,660 | $174,780 | — | — |
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 $162,500 − Current CAD Market Value $174,780 = Under CAD Value -$12,280 (-7.0%)
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 PRESTON RACQUET CLUB CONDO
A curated look at local favorites, everyday stops, and lifestyle context near this property.