Status: Active
6269 Saratoga Cir
Dallas, TX 75214
$657,000
------/mo*
Calculate1850sf 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
Read more
- Bedrooms
- 3
- Baths
- 2
- House Size
- 1,852 sqft
- Year Built
- 1959
- Lot Size
- 0.22 ac
- School District
- Dallas ISD
Location
Market Insights
In the last 30 days, there was one new home for sale in Caruth Terrace, Dallas, TX listed for $700,000.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
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Explore this home’s layout as if you were walking through it in person.
Start TourInterior Information
- appliances
- Gas Range
- Refrigerator
- cooling
- Central Air
- features
- Other
- fireplace
- Living Room
- flooring
- Hardwood
- heating
- Central
Exterior Information
- fence
- Chain Link
- Wood
- roof
- Composition
Property Information
- architectural style
- Traditional
- construction
- Brick
- foundation
- Slab
- parking
- Garage
- Attached
- sewer
- Public Sewer
- subdivision name
- Caruth Terrace
- water source
- Public
- Listed By Joe Iley
- (210) 690-0050
- Mission Real Estate Group
- (210) 690-0050
- diley73@aol.com
- MLS 20960817
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $5,162 (-42.3%) | $240,000 | $328,520 | $568,520 (+45.9%) |
| 2023 | $8,945 (-12.7%) | $240,000 | $149,780 | $389,780 (-4.5%) |
| 2022 | $10,245 (+8.4%) | $195,000 | $213,110 | $408,110 (+13.9%) |
| 2021 | $9,455 | $165,000 | $193,420 | $358,420 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$4,092
30 year fixed·6.9% interest rate
- Principal & Interest
- $3,462
- Property Taxes
- $430
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
