tomo logo

$509,900

Beds
4
Baths
3.0
sq ft
1,390

719 Melba St, Dallas, TX 75208

719 Melba St

Dallas, TX 75208

  • 42 days on market
THIS 1930S GEM, FULLY GUT-RENOVATED,OFFERS A FUSION OF HISTORIC CHARM AND MODERN COMFORT. WITH 4 BEDROOMS AND 3 BATHS SPREAD ACROSS 1600 COMBINED SQ FT. WOOD PLANK FLOORING, DECORATIVE FIREPLACE, WALK IN PANTRY AND STACKABLE WASHER DRYER. PORTABLE KITCHEN ISLAND. STAINLESS STEEL KITCHEN APPLIANCES. PROPERTY HAS 3 RENTABLE UNITS. 1ST MAIN UNIT IN THE FRONT IS 2 BED 1 FULL BATH. STUDIO UNIT IS 1 BED 1 FULL BATH AND A KITCHENETTE WITH SMALL FRIDGE. GUEST HOUSE IS 1 BED 1 FULL BATH WITH SMALL FRIDGE. FULL SIZE WASHER AND DRYER OUTSIDE IN STORAGE SHED FOR GUESTS. THE OWNER HAS THIS PROPERTY AS AN AIRBNB AND HAS THE EARNINGS REPORTS FOR 2023 AND THE REMAINDER OF THIS YEAR. BOTH UNITS IN BACK AND THE ONE IN THE FRONT ARE CURRENTLY OCCUPIED. JUST WALKING DISTANCE FROM THE BISHOP ARTS SHOPPING, RESTAURANTS AND NIGHTLIFE.

Details

Property type

Single Family Residence

Est. home value

$483,532

Lot size

5,619.24 sq ft

Price per sq ft

$367

Year built

1930

Annual property taxes

$9,179

Price History

05/23/2024
NTREIS

NTREIS #20626302

Listed
$509,900
05/22/2024
NTREIS

NTREIS #20496197

Removed
01/04/2024
NTREIS

NTREIS #20496197

Listed
$515,000

Schools & Community

Neighborhood: 

Oak Cliff

Elementary school: 

Rosemont

Middle school: 

Greiner

High school: 

Sunset

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

$143,406
Asking price
$509,900
Closing costs (~8% of asking)
-$40,792
Est. remaining loan balance
-$325,702
Cash to seller
$143,406

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

June 2021

Original loan amount

$368,125

Est. remaining balance

$325,702

Interest rate

2.94%

Loan type

New Conventional, 20 year

Seller

Lanen Vaughn and Matthew Russell Westerman

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: 07/04/2024 at 11:45 PM

Listing updated: 05/24/2024 at 2:14 AM

Listed by: Dylan Burgess, Coldwell Banker Apex, REALTORS Phone #: (972) 783-1919

MLS: NTREIS #20626302

NTREIS logo

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