Why this might be a deal
High distress (7/10) · Underwater by $1.3M — short-sale or strategic-default territory · primary driver: notice of foreclosure filed
5548 MARTEL AVE
fclosure.comDallas, Dallas County, TX, 75206
5548 Martel Ave
Dallas, Dallas County, TX, 75206
$1,042,900 market value
Underwater by $1,319,600 (-127%)
Property Details
- Bedrooms
- 3
- Bathrooms
- 4
- Sq Ft
- 3,215
- Year Built
- 2023
- Type
- Residential
- Rent Estimate
- $4,024/mo
Financial
- Market Value
- $1,042,900
- Original Loan
- $2,362,500
- Estimated Equity
- -$1,319,600
- Instrument #
- 202600000570
−$1,319,600(-127%)
Comparable Sales
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Auction
- Sale Date
- May 5, 2026
- Filing Date
- Apr 13, 2026
- County
- Dallas
Due Diligence
Nearby Properties
Parties
- Borrower
- Nicholas D. Warren, John F. Warren
- Lender
- Nicholas D. Warren
- Trustee
- David Garry
Distress Level
7
High distress
Sum of weighted signals (max 10) · formula
- Notice of Foreclosure filed+5
- Deeply underwater (≥20%)+2
Bid Calculator
Lifecycle
DOT
AST
NTSApr 13
4
AuctionMay 55
Result