tomo logo

$280,000

Beds
3
Baths
1.0
sq ft
1,197

711 W Brooklyn Ave, Dallas, TX 75208

711 W Brooklyn Ave

Dallas, TX 75208

  • 100 days on market
    • Price drop $25,000↓
Investor Special in Historic Bishop Arts District. Welcome to this charming 3-bedroom, 1-bathroom home located in the heart of the historic Bishop Arts District. This property offers a cozy 1,197 square feet of living space, nestled on a generous 6,587 square foot lot. Situated in the vibrant Bishop Arts District, you'll be just steps away from a plethora of restaurants, cafes, and shops, providing excellent walkability and a lively community atmosphere. Enjoy the convenience of updated countertops and a fully remodeled bathroom, blending modern comfort with historic charm. Don't miss out on this fantastic opportunity to own a piece of the Bishop Arts District, perfect for investors looking to capitalize on a property in a prime location.

Details

Property type

Single Family Residence

Est. home value

$308,257

Lot size

6,708.24 sq ft

Price per sq ft

$234

Year built

1940

Annual property taxes

$5,308

Price History

10/18/2024
NTREIS

NTREIS #20682402

Price change
$280,000
-8.2%
08/14/2024
NTREIS

NTREIS #20682402

Price change
$305,000
-12.86%
07/27/2024
NTREIS

NTREIS #20682402

Listed
$350,000

Schools & Community

Neighborhood: 

Oak Cliff

Elementary school: 

Peeler

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

$224,385
Asking price
$280,000
Closing costs (~8% of asking)
-$22,400
Est. remaining loan balance
-$33,215
Cash to seller
$224,385

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

Seller’s Loan History

Lender

Jefferson Mtg Services Inc

Loan start date

July 1999

Original loan amount

$100,000

Est. remaining balance

$33,215

Interest rate

7.41%

Loan type

Not Provided, 30 year

Seller

Patrick B Vernon and Andrea C Vernon

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: 11/05/2024 at 3:20 AM

Listing updated: 10/18/2024 at 11:07 AM

Listed by: Melissa Marshall, Great Western Realty Phone #: (817) 689-2888

MLS: NTREIS #20682402

NTREIS logo

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