6269 Saratoga Cir, Dallas, TX 75214
- $657,000
- 3
- BD
- 2
- BA
- 1,852
- SqFt
- List Price
- $657,000
- MLS#
- 20960817
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Traditional, Detached
- Year Built
- 1959
- Construction Status
- Preowned
- Bedrooms
- 3
- Full Baths
- 2
- Acres
- 0.22
- Living Area
- 1,852
- County
- Dallas
- City
- Dallas
- Subdivision
- Caruth Terrace
- Number of Stories
- 1
- Architecture Style
- Traditional, Detached
Property Description
1850sf 3-2-2 9450sf lot BRING YOUR VISION!! Exceptional opportunity in sought-after Caruth Terrace neighborhood within the Mockingbird Elementary School district. Remodel began, including LR-DN-DEN load bearing walls removed; Windows replaced; floors sanded. Multiple remodel-new build projects currently underway in neighborhood. Selling AS-IS to visionary buyer with 3 potential finish-out opportunities: 1) Remodel as-is plus add utility room to garage (+120sf) plus finish-out detached bonus room in backyard (150sf). a. $657k purchase b. $150k remodel costs (per contractor estimate) c. $807k total basis d. $880k Value at market rate at $425 per sf with 2000sf + 150sf bonus room e. Net equity: $73k 2) #1 above plus add 2nd floor of 1,000sf (see 6278 Saratoga Cir example) a. $807k cost from option #1 b. $200k 2nd floor addition @ $200 per sf c. $1007k total basis d. $1.3mm Value @$425 per sf of 3,000sf e. Net equity: $293k 3) Teardown and build new (see 6254 Sudbury Ln example) a. $657k purchase b. $850k build cost @$200per sf; 4250sf home at 9450sf lot x 45 percent coverage c. $1.507mm total basis d. $1.8mm Value @$425 per sf of 4250sf e. Net equity: $293k
/u.realgeeks.media/forneytxhomes/header.png)
Additional Information
- Agent Name
- Joe Iley
- Unexempt Taxes
- $9,455
- Amenities
- Fireplace
- Lot Size
- 9,452
- Acres
- 0.22
- Interior Features
- Other
- Flooring
- Hardwood
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Pool Features
- None
- Fireplaces
- 1
- Fireplace Type
- Living Room, Masonry
- Garage Spaces
- 2
- Parking Garage
- Garage
- School District
- Dallas Isd
- Elementary School
- Mockingbird
- Middle School
- Long
- High School
- Woodrow Wilson
- Possession
- CloseOfEscrow
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Joe Iley from Mission Real Estate Group. Contact: 210-690-0050