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$787,000

Beds
4
Baths
4.0
sq ft
3,142

629 Elsbeth St, Dallas, TX 75208

629 Elsbeth St

Dallas, TX 75208

  • 41 days on market
    • Price drop $2,000↓
Stunning 4-Bedroom Home with Unique Floor Plan - Ideal for AB&B or Rent by Room. Welcome to your dream investment opportunity! This remarkable 4-bedroom, 4-full-bathroom home offers a rare and unique floor plan designed for maximum flexibility and rental potential. Each floor of the home offers 2 bedrooms with 2 full bathrooms. A kitchen, living and dining space per floor. This property is basically a split floor duplex. Just one block away from the trendy Bishop Arts District, offering an array of dining, shopping, and entertainment options. This property is a must-see for savvy investors or those looking to generate rental income or owner occupy and offset mortgage costs. Current owner occupies primary and rents the 3 bedrooms to offset her cost. All tenants are month to month!! With its unique layout and unbeatable location, it’s a rare find in the heart of a thriving community. Don’t miss out on this exceptional opportunity to own a versatile and profitable real estate gem!

Details

Property type

Single Family Residence

Est. home value

$824,995

Lot size

6,490.44 sq ft

Price per sq ft

$251

Year built

2015

Annual property taxes

$17,096

Price History

06/21/2024
NTREIS

NTREIS #20627560

Price change
$787,000
-0.25%
05/25/2024
NTREIS

NTREIS #20627560

Listed
$789,000
01/09/2024
NTREIS

NTREIS #20405659

Removed

Schools & Community

Neighborhood: 

Oak Cliff

Elementary school: 

Hogg

Middle school: 

Garcia

High school: 

Adamson

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

$286,495
Asking price
$787,000
Closing costs (~8% of asking)
-$62,960
Est. remaining loan balance
-$437,545
Cash to seller
$286,495

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

Seller’s Loan History

Lender

Willow Bend Mortgage Co

Loan start date

December 2019

Original loan amount

$480,000

Est. remaining balance

$437,545

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Kristy Lucas

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: 07/05/2024 at 9:45 PM

Listing updated: 06/21/2024 at 4:14 PM

Listed by: Peter Mester, BK Real Estate LLC Phone #: (806) 281-8511

MLS: NTREIS #20627560

NTREIS logo

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