5565 Preston Oaks Road #120 Dallas, TX 75254
- Dallas County
- Dallas TX
- 75254
- Local Area: Springstead Condos
Property Overview
LOCATION, CONVENIENCE AND COMFORT COME TOGETHER IN THE HEART OF NORTH DALLAS! Ideally positioned near Preston Rd, I-635 and the Dallas North Tollway, this well-maintained 2-bedroom, 2-bath condominium offers exceptional access to the Addison business and entertainment district and everything North Dallas has to offer: shopping, dining, healthcare, recreation, entertainment and everyday services are all within convenient reach. Inside, the 1,308-SF two-story floor plan is bright and inviting, with high ceilings, abundant natural light and classic window shutters. The first-floor primary suite provides the convenience of ground-floor living, with a bonus room perfect for nursery, play room or home office, while the second bedroom and full bath upstairs offer privacy and flexibility for guests, family or a home office. New appliances add to the home's move-in-ready appeal, and the covered patio provides a comfortable space to relax outdoors. With its attractive interior condition, practical floor plan and outstanding connectivity to major employment, business, entertainment and lifestyle destinations, this North Dallas condo offers buyers something increasingly valuable: a comfortable home in a location that makes everyday life easier.
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Property highlights
Year Built 1983
School District Dallas Isd
HOA $505 Monthly
Pool Pool
Parking 2-car garage, 1 covered
Gated Gated community
Architecture Traditional
Acreage Estate 7.61 acres
Fireplace 1 Fireplaces
Full Property Details
Property Details
Quick Details
- Price $258,000
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,308 Sq Ft
- Lot Size 7.61 acres
- Lot Size Sq Ft 331,317
- Year Built 1983
- Price / Sq Ft $197 / Sq Ft
- MLS # 21355466
Overview
- Property Type Residential
- Property Subtype Condominium
- County Dallas
- Subdivision Springstead Condos
- Days on Market 2
Home Details
- Full Baths 2
- Half Baths 0
- Foundation Slab
- Roof Composition
- Flooring Tile, Wood
- Heating Energy Star Qualified Equipment
- Cooling Central Air, Electric, Energy Star Qualified Equipment
Kitchen & Interior
- Appliances Dishwasher, Electric Oven, Disposal
- Interior Features Granite Counters, High Speed Internet, Cable Tv, Walk In Closets
- Fireplaces 1
- Fireplace Features Family Room
Lot & Exterior
- Exterior Features Private Yard, Rain Gutters
- Fencing Wood
- Pool Features Fenced, Gunite, In Ground, Outdoor Pool, Pool, Community
Parking
- Parking Concrete, Covered, Carport
- Garage Spaces 2
- Covered Parking 1
- Attached Garage No
Taxes & HOA
- Annual Taxes $6,079
- HOA Fee $505 Monthly
- HOA Includes All Facilities, Association Management, Maintenance Grounds, Maintenance Structure, Security
Utilities
- Utilities Electricity Available, Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Anne Frank — Dallas ISD
- Middle Benjamin Franklin — Dallas ISD
- High Hillcrest — Dallas ISD
Listing Information
- MLS Board NTREIS
- List Date 08/13/2026
- Source Updated 08/13/2026
- Last Updated 08/19/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 5565 Preston Oaks Road #120
Dallas Central Appraisal District records for 5565 Preston Oaks Road #120, Dallas, TX 75254 show a CAD market value of $273,020 and a net appraised value of $273,020. 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 5565 Preston Oaks Road #120, 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 $91,940 + Improvement Value $181,080 = CAD Market Value $273,020
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: $181,080 Total Area: 1241 Sqft Living Area: 1241 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 $273,020 − All Current CAD Reductions $0 = Current Taxed Starting Point $273,020
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 |
$273,020 | 0.6988 | $1,908 | — | $1,908 |
|
School District
DALLAS ISD |
$273,020 | 0.9938 | $2,713 | — | $2,713 |
|
County
DALLAS COUNTY |
$273,020 | 0.2155 | $588 | — | $588 |
|
College
DALLAS COLLEGE |
$273,020 | 0.1066 | $291 | — | $291 |
|
Hospital District
PARKLAND HOSPITAL |
$273,020 | 0.2120 | $579 | — | $579 |
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) $6,079 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $6,079
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 | $91,940 | $94,210 | $186,150 | — | — |
| 2022 | $91,940 | $168,670 | $260,610 | — | +$74,460 / +40.00% |
| 2023 | $91,940 | $168,670 | $260,610 | — | — |
| 2024 | $91,940 | $181,080 | $273,020 | — | +$12,410 / +4.76% |
| 2025 | $91,940 | $181,080 | $273,020 | — | — |
| 2026 | $91,940 | $181,080 | $273,020 | — | — |
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 $258,000 − Current CAD Market Value $273,020 = Under CAD Value -$15,020 (-5.5%)
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 SPRINGSTEAD CONDOS
A curated look at local favorites, everyday stops, and lifestyle context near this property.