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$657,000

Est. payment - /mo

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3 Beds

2 Baths

1,852 SqFt

Active

6269 Saratoga Circle Dallas, TX 75214

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Patricia Ann Young

patricia@followmyheelshome.com +1(972) 795-4260

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,852 sqft

Price per Sqft $354

Subdivision Caruth Terrace

MLS Listing ID 20960817

Style Traditional

Bedrooms 3

Full Baths 2

HOA Y/N None

Year Built 1959

Annual Tax Amount $9,455

Lot Size 9,452 Sqft

Acres 0.217

Property Sub-Type Single Family Residence

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

Location

State TX

County Dallas

Direction TX-75 to E Mockingbird Ln to Skillman St to Woodcrest Ln to Saratoga Cir

Rooms

Dining Room 1

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Brick, Living Room

Appliance Gas Range, Refrigerator

Heat Source Central

Exterior

Exterior Feature Covered Patio/Porch

Garage Spaces 2.0

Fence Chain Link, Wood

Utilities Available City Sewer, City Water

Roof Type Composition

Total Parking Spaces 2

Garage Yes

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Mockingbird

Middle Schools Long

High Schools Woodrow Wilson

School District Dallas Isd

Others

Ownership Paul Wildberger

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20960817

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Joe Iley • Mission Real Estate Group

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Patricia Ann Young

Agent | License ID: 0555284

+1(972) 795-4260

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6269 Saratoga Circle Dallas, TX 75214

Patricia Ann Young

Key Details

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6269 Saratoga Circle