6840 Timothy Dr Dallas, TX 75227

ARV: $195,000
Repairs: $60,000
Price: $92,000

Description:
This single family home sits in a cul-de-sac located in the Parkdale Heights subdivision. The original house is believed to be around 1,700 SqFt and then the large rear addition was added on but did not increase the beds or baths as it stands. There is big potential to add bedrooms and baths and finish out the remaining space as additional living space.

Repairs:
Home will need a new roof (optional), some light foundation, all new HVAC, plumbing and electrical additions if beds/baths are to be added, and a slew of cosmetic updates.

Value:
The comparable sales in the area for houses near this size are few and far between. Due to the size of the subdivision we extended our search out to find comparably sized sales of which we did find 3 of.

Buyer to do their own due diligence. Buyer to pay all closing costs. A non-refundable $5,000 deposit will be required unless other arrangements are agreed. The average size of these 3 comps is only $1,915 SqFt and suggests $206,000 for value but we feel that based on the location and lot shape that $195,000 is a conservative value.

Contact us today for showing instructions.