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About the Listing MREG01C - 0554437
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
Listing Highlights for 6269 Saratoga Cir
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Gas Range, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces: 1, Brick,Living Room
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Master on Main
- Water:
Exterior Details
- Lot Description: Less Than .5 Acre (not Zero)
- Garage Capacity: 2 car
- Roof: Composition
- Others: Covered Patio/Porch,Preowned
- Sewer:
- Parking Features: Garage
Financial Details
- Tax Amount: $9,455
- Taxes w/Assessments: N/A
- Tax/Property ID: 00000241255000000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
6269 Saratoga Cir Dallas, TX 75214
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