This specific address denotes a location within a municipality in Texas. It likely represents a particular property, possibly residential, commercial, or belonging to another category. Addresses serve as unique identifiers for locations within a structured system, enabling effective mail delivery, navigation, and emergency services.
Accurate and standardized addresses are fundamental to modern infrastructure. They facilitate commerce, communication, and civic operations. Historically, address systems evolved from informal descriptions to standardized formats, contributing significantly to urban planning and development. Precise location information is vital for property records, taxation, and ensuring access to essential services.
Understanding the role and significance of specific addresses provides a foundation for exploring related topics such as property ownership, zoning regulations, neighborhood demographics, and local history.
1. Location
Location is the defining characteristic of “1520 Round Table Drive, Dallas, TX 75247.” This address pinpoints a specific plot of land within Dallas, Texas. The numerical component, “1520,” designates the property’s position along Round Table Drive. “Round Table Drive” itself sits within a larger network of streets and neighborhoods in Dallas. The “75247” represents the zip code, further refining the location within a specific postal delivery zone. Understanding this hierarchical structure is crucial for accurate identification and navigation.
The impact of location extends beyond mere identification. Location influences property value, access to amenities, school districts, and even local tax rates. For example, properties situated near desirable amenities like parks or highly-rated schools often command higher market prices. Conversely, locations further from urban centers might offer more affordable housing but require longer commutes. Understanding these locational influences provides valuable context for assessing the characteristics and potential of a specific property.
In summary, “1520 Round Table Drive, Dallas, TX 75247” represents more than just an address; it represents a specific location with inherent characteristics and implications. Analyzing this address through the lens of location provides valuable insights into its context within the broader urban landscape, influencing its potential and significance. The interplay between location and property characteristics forms a cornerstone of real estate analysis and urban planning.
2. Property Type
Property type significantly influences the characteristics and potential of a specific address. Understanding the property type associated with 1520 Round Table Drive, Dallas, TX 75247 provides crucial context for evaluating its function, value, and suitability for various purposes. Different property types cater to distinct needs and are subject to specific regulations and market dynamics.
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Residential
Residential properties primarily serve as dwellings. Examples include single-family homes, townhouses, condominiums, and apartments. If 1520 Round Table Drive is a residential property, its value will be influenced by factors such as square footage, number of bedrooms and bathrooms, and the quality of local schools. Residential zoning regulations dictate allowable building heights, density, and permitted uses within the area.
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Commercial
Commercial properties are designed for business activities. Examples include retail spaces, office buildings, and warehouses. If 1520 Round Table Drive is a commercial property, its value will depend on factors like visibility, accessibility, and proximity to target markets. Commercial zoning regulations address parking requirements, signage restrictions, and permitted business operations.
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Industrial
Industrial properties facilitate manufacturing, storage, and distribution. Examples include factories, warehouses, and distribution centers. If 1520 Round Table Drive were an industrial property, factors such as access to transportation infrastructure, loading docks, and ceiling heights would be crucial for valuation. Industrial zoning regulations focus on environmental impact, noise levels, and safety standards.
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Mixed-Use
Mixed-use properties combine different property types within a single development. For example, a building might house retail spaces on the ground floor with residential units above. If 1520 Round Table Drive represents a mixed-use development, its value and regulations would be influenced by the specific combination of property types present. Mixed-use zoning aims to create vibrant, walkable communities by integrating diverse functions within a single area.
Determining the property type at 1520 Round Table Drive is fundamental for understanding its characteristics and place within the local market. The interplay between property type, location, and zoning regulations shapes its potential and determines its suitability for various uses. This categorization is essential for accurate property valuation, market analysis, and urban planning.
3. Neighborhood
Neighborhood context significantly influences the character and value of any property. Understanding the neighborhood surrounding 1520 Round Table Drive, Dallas, TX 75247, provides crucial insights into its desirability, potential, and market dynamics. Neighborhoods represent distinct geographic areas with shared characteristics, impacting residents’ quality of life and property values.
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Demographics
Demographics encompass the characteristics of the population residing within a neighborhood, including age, income, education levels, and family size. These factors can influence local school quality, demand for specific amenities, and overall market trends. Understanding the demographics surrounding 1520 Round Table Drive allows for a deeper understanding of the prevailing social and economic context.
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Amenities and Services
The availability of amenities and services within a neighborhood greatly impacts its appeal. Proximity to parks, shopping centers, restaurants, healthcare facilities, and public transportation influences convenience and quality of life. Analyzing the proximity of 1520 Round Table Drive to these amenities provides insight into its practicality and desirability.
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School District
The quality of local schools is a primary concern for families and significantly impacts property values. Identifying the school district associated with 1520 Round Table Drive is crucial for assessing its suitability for families and predicting market trends. School district performance metrics and reputations often correlate directly with property values in the surrounding area.
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Safety and Crime Rates
Safety and security are paramount concerns for residents. Understanding crime rates and safety statistics within the neighborhood surrounding 1520 Round Table Drive provides a crucial perspective on the overall quality of life and potential risks. Access to law enforcement, neighborhood watch programs, and crime prevention initiatives all contribute to a neighborhood’s safety profile.
The interplay of these neighborhood factors significantly impacts the character and value of 1520 Round Table Drive. Analyzing these facets collectively provides a comprehensive understanding of the surrounding environment and its influence on property value, desirability, and potential. This neighborhood analysis is essential for informed decision-making regarding real estate investment, property development, and urban planning.
4. Market Value
Market value, representing the estimated price a property would command in a competitive market, is intrinsically linked to the specific address: 1520 Round Table Drive, Dallas, TX 75247. This value reflects the interaction of various factors inherent to the property and its surrounding environment. Market value is not static; it fluctuates based on market dynamics, economic conditions, and property-specific improvements or deteriorations.
Several factors influence market value. Location plays a crucial role; properties in desirable neighborhoods with access to amenities often command higher prices. Property characteristics, such as size, age, condition, and features, directly impact value. Economic conditions, including interest rates and market trends, exert a considerable influence. For example, a rise in interest rates can dampen demand, potentially reducing market values. Local market dynamics, such as supply and demand within specific neighborhoods, also play a significant role. Consider two comparable properties: one located in a high-demand area with limited inventory and another in an area with ample inventory and lower demand. The property in the high-demand area will likely command a higher market value.
Understanding market value is crucial for various stakeholders. For homeowners, it represents a significant portion of their net worth. For potential buyers, it informs purchasing decisions. Lenders utilize market value to assess risk and determine loan amounts. Accurate market valuations are essential for property taxation and insurance purposes. Challenges in determining market value can arise from information asymmetry, rapid market fluctuations, and the inherent subjectivity of valuing unique properties. However, understanding the interplay of factors contributing to market value provides a framework for informed decision-making in real estate transactions and property management.
5. Ownership History
Ownership history provides a chronological record of property ownership for a specific address. Examining the ownership history of 1520 Round Table Drive, Dallas, TX 75247, offers valuable insights into its past, potential, and market context. This historical record reveals patterns of ownership, transaction details, and potential influences on the property’s current state.
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Chain of Title
The chain of title documents the successive transfers of ownership from the original grant to the present owner. Each transfer represents a link in the chain, establishing a clear record of ownership. A complete chain of title is crucial for verifying legal ownership and identifying potential encumbrances or disputes. Examining the chain of title for 1520 Round Table Drive can reveal the history of ownership transitions and establish a clear record of its current legal owner.
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Transaction History
Transaction history details the dates, prices, and parties involved in past sales of the property. This information provides valuable insights into market trends, property valuation over time, and potential motivations for past transactions. Analyzing the transaction history of 1520 Round Table Drive can reveal historical market values, periods of rapid appreciation or depreciation, and the frequency of ownership changes.
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Ownership Duration
The length of time each owner held the property can offer insights into their motivations and the property’s stability. Frequent, short-term ownership might indicate speculative investment activity, while long-term ownership suggests stability and potential attachment to the property. Examining ownership duration at 1520 Round Table Drive can offer clues about its past use and potential future trajectory.
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Liens and Encumbrances
Liens and encumbrances represent legal claims against a property, potentially impacting its transferability. These can include mortgages, property tax liens, and easements. Identifying any liens or encumbrances associated with 1520 Round Table Drive is crucial for understanding its legal status and potential limitations on ownership. A clear title, free of encumbrances, simplifies property transactions and ensures a smooth transfer of ownership.
Understanding the ownership history of 1520 Round Table Drive provides a valuable context for assessing its current status and potential. This historical perspective informs market analysis, property valuation, and due diligence efforts. By examining the chain of title, transaction history, ownership duration, and potential liens, stakeholders can gain a comprehensive understanding of the property’s past and its implications for the future.
6. Zoning Regulations
Zoning regulations dictate land use and development within a municipality. These regulations, applicable to every property, including 1520 Round Table Drive, Dallas, TX 75247, play a crucial role in shaping urban landscapes, preserving property values, and promoting community welfare. Understanding the specific zoning regulations applicable to this address is essential for assessing its permitted uses, development potential, and compliance with local ordinances.
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Permitted Use
Zoning regulations define the permitted uses for a specific property, such as residential, commercial, industrial, or mixed-use. These designations determine the types of activities allowed on the property. For example, a property zoned for residential use cannot be used for commercial purposes without obtaining a variance or rezoning. Determining the permitted use for 1520 Round Table Drive is crucial for understanding its current function and potential future development options.
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Building Density and Height Restrictions
Zoning regulations often dictate the maximum building density and height allowed within a specific zone. These restrictions control development intensity, preventing overcrowding and preserving neighborhood character. For instance, height restrictions might limit the number of stories allowed for a building, while density regulations control the number of dwelling units per acre. These regulations impact the potential development capacity of 1520 Round Table Drive.
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Setback Requirements
Setback requirements dictate the minimum distance between a building and property lines. These regulations ensure adequate space between structures, promoting fire safety, access to light and air, and maintaining neighborhood aesthetics. Setback requirements influence the building footprint and design options for any development at 1520 Round Table Drive.
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Parking Regulations
Parking regulations specify the number and type of parking spaces required for different property types and uses. These regulations aim to manage traffic flow, ensure adequate parking availability, and prevent on-street parking congestion. Understanding parking regulations applicable to 1520 Round Table Drive is crucial for assessing its suitability for various uses and ensuring compliance with local ordinances.
Zoning regulations provide a framework for orderly development and land use management. These regulations, applied to 1520 Round Table Drive, influence its potential uses, development capacity, and compliance with local ordinances. Understanding these regulations is essential for property owners, developers, and anyone interested in understanding the permissible activities and development potential of a specific property within the context of its surrounding community.
7. Proximity to Amenities
Proximity to amenities significantly influences the desirability and value of a property such as that located at 1520 Round Table Drive, Dallas, TX 75247. Access to essential and desirable services and facilities within a convenient distance enhances quality of life and contributes to property appreciation. This proximity factor encompasses a range of amenities, each impacting residents’ daily lives and long-term investment potential.
Consider the impact of proximity to various amenities. Nearby grocery stores, restaurants, and retail shops offer convenience and reduce reliance on personal vehicles. Access to quality healthcare facilities, including hospitals and clinics, provides peace of mind and essential services. Proximity to parks and recreational areas promotes physical activity and social interaction. Efficient public transportation networks, including bus routes and train stations, offer commuting alternatives and reduce travel times. High-performing schools within a convenient distance are highly desirable for families with children and positively impact property values. The presence of cultural institutions, such as museums and libraries, enriches community life and provides educational opportunities. Even the proximity to employment centers reduces commuting costs and increases disposable income. For example, a property located near a major employment hub may experience higher demand and price appreciation compared to a similar property located further away. Similarly, a property situated near a highly-rated school district will often command a premium price due to the perceived value of the educational opportunities.
Understanding the proximity of 1520 Round Table Drive to these amenities is crucial for assessing its overall desirability and market value. While the specific impact of each amenity varies depending on individual needs and preferences, access to a range of amenities generally enhances quality of life and contributes to long-term property value appreciation. This analysis requires considering not only the presence of amenities but also their quality, accessibility, and distance from the property. Challenges in assessing proximity include quantifying the value of specific amenities and accounting for evolving neighborhood dynamics and future development plans. However, careful consideration of proximity to amenities offers valuable insights for property valuation, market analysis, and investment decisions.
Frequently Asked Questions
This section addresses common inquiries regarding properties identified by specific addresses, using 1520 Round Table Drive, Dallas, TX 75247 as a representative example. The information provided aims to offer general guidance and does not constitute specific legal or real estate advice.
Question 1: How is a property’s value determined?
Property valuation considers factors such as location, size, condition, comparable sales, and market trends. Professional appraisers employ established methodologies to arrive at an estimated market value.
Question 2: How can ownership history be accessed?
Ownership history can typically be accessed through public records maintained by the county recorder or assessor’s office. Title companies can also provide detailed ownership history reports.
Question 3: What are the implications of zoning regulations?
Zoning regulations dictate permitted land uses, building density, height restrictions, and other development parameters. Compliance with these regulations is essential for any construction or renovation project.
Question 4: How does proximity to amenities impact property value?
Proximity to desirable amenities such as schools, parks, transportation, and shopping centers generally enhances property values due to increased convenience and quality of life.
Question 5: How can one research neighborhood demographics?
Neighborhood demographic data can be accessed through census data, local government websites, and specialized real estate market analysis platforms.
Question 6: What is the importance of a property survey?
A property survey defines property boundaries, identifies easements, and reveals potential encroachments, providing crucial information for property transactions and development planning.
Understanding these aspects of property research empowers informed decision-making. Consulting with qualified professionals, such as real estate agents, appraisers, and legal counsel, provides tailored guidance specific to individual circumstances.
Further exploration of property-specific details requires targeted research based on the specific address of interest.
Tips for Researching a Property Address
Conducting thorough research on a property address provides crucial insights for various purposes, including real estate transactions, investment decisions, and due diligence. The following tips offer guidance for navigating the complexities of property research, using 1520 Round Table Drive, Dallas, TX 75247, as a representative example.
Tip 1: Utilize Online Mapping Tools: Online mapping services provide aerial views, street views, and location information, offering a preliminary overview of the property and its surroundings. Examining the property’s location relative to nearby amenities, transportation routes, and other points of interest can provide valuable context.
Tip 2: Consult Public Records: Accessing public records through the county assessor’s or recorder’s office provides details on property ownership, tax history, assessed value, and legal descriptions. This information offers valuable insights into the property’s history and current status.
Tip 3: Explore Neighborhood Data: Researching neighborhood demographics, crime statistics, school district ratings, and local amenities offers a comprehensive understanding of the surrounding area. Websites specializing in neighborhood data aggregation can provide convenient access to this information.
Tip 4: Analyze Recent Sales Data: Examining recent sales of comparable properties in the vicinity provides a benchmark for assessing market value and identifying trends. Real estate portals and market analysis platforms offer tools for filtering and analyzing sales data.
Tip 5: Engage with Local Experts: Consulting with local real estate agents, appraisers, and inspectors provides specialized knowledge and insights specific to the area. These professionals can offer valuable perspectives on market conditions, property valuation, and potential risks.
Tip 6: Review Zoning Regulations: Understanding applicable zoning regulations, building codes, and land use restrictions provides insights into permitted uses, development potential, and compliance requirements. Local government websites and planning departments offer access to zoning information.
Tip 7: Consider Environmental Factors: Researching potential environmental hazards, such as floodplains, soil contamination, or proximity to industrial sites, provides crucial insights into potential risks and long-term implications. Environmental reports and databases can offer valuable information on environmental factors.
Systematic application of these research tips empowers informed decision-making regarding property transactions and investments. Comprehensive research mitigates risks and maximizes the potential for successful outcomes.
By following these tips and conducting thorough research, individuals and organizations can make informed decisions about properties.
Conclusion
Analysis of the property located at 1520 Round Table Drive, Dallas, TX 75247, requires a multifaceted approach. Understanding location, property type, neighborhood characteristics, market value, ownership history, zoning regulations, and proximity to amenities provides a comprehensive perspective. Each of these factors contributes to a nuanced understanding of the property’s potential, limitations, and market context. Thorough research, including consultation with relevant professionals, is essential for informed decision-making regarding property transactions, investments, and development planning.
The value and significance of a specific address extend beyond its mere identification function. It represents a confluence of factors shaping its present state and future potential. Careful consideration of these factors provides a framework for navigating the complexities of the real estate market and making sound judgments based on data-driven insights. Ultimately, a comprehensive understanding of a property’s unique characteristics empowers stakeholders to make informed decisions aligned with their objectives.
