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$625,000

Beds
3
Baths
2.0
sq ft
1,656

2227 Madera St, Dallas, TX 75206

2227 Madera St

Dallas, TX 75206

  • 71 days on market
    • Price drop $10,000↓
Fantastic opportunity to buy and hold until the lease is up on May 31, 2026. $2M new builds on the street and more coming. Charming 3 bedroom home in a prime location. This updated brick home is perfect for first time homeowners or those looking for a great rental opportunity. Featuring 3 spacious bedrooms and 2 bathrooms, it offers a stylish updated kitchen complete with island and granite countertops. You'll love the bright sunroom which can be transformed into a cozy office. The huge backyard offers endless possibilities for outdoor entertaining or relaxing afternoons. Located in a top notch area, you're just minutes away from poplular restaurants, bars and grocery stores like Sprouts and Trader Joe's. Only 10 minutes away from downtown Dallas, you'll enjoy the convenience of city living while having space to unwind. The property also offers driveway and plenty of off street parking. Potential to add a garage with quarters above for additional revenue with easy alley access. Current rent is $3700 per month with tenants paying all bills.

Details

Property type

Single Family Residence

Est. home value

$655,439

Lot size

7,500 sq ft

Price per sq ft

$378

Year built

1998

Price History

11/13/2024
NTREIS

NTREIS #20727073

Price change
$625,000
-1.57%
11/07/2024
NTREIS

NTREIS #20727073

Price change
$635,000
-5.93%
09/30/2024
NTREIS

NTREIS #20727073

Price change
$675,000
-3.57%

Schools & Community

Neighborhood: 

M Streets

Elementary school: 

Mockingbird

Middle school: 

Long

High school: 

Woodrow Wilson

School district: 

Dallas ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$253,923
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$321,077
Cash to seller
$253,923

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

August 2021

Original loan amount

$393,750

Est. remaining balance

$321,077

Interest rate

2.2%

Loan type

New Conventional, 15 year

Seller

Anthony Louis Moschetto

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 5:20 AM

Listing updated: 11/13/2024 at 11:07 AM

Listed by: Lori Ericsson, David Griffin & Company Phone #: (214) 526-5626

MLS: NTREIS #20727073

NTREIS logo

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