1850sf 3-2-2
9450sf lot
BRING YOUR VISION!! Exceptional opportunity in sought-after Caruth Terrace neighborhood within the Mockingbird Elementary School district. Remodel began, including LR-DN-DEN load bearing walls removed; Windows replaced; floors sanded. Multiple remodel-new build projects currently underway in neighborhood. Selling AS-IS to visionary buyer with 3 potential finish-out opportunities:
1) Remodel as-is plus add utility room to garage (+120sf) plus finish-out detached bonus room in backyard (150sf).
a. $657k purchase
b. $150k remodel costs (per contractor estimate)
c. $807k total basis
d. $880k Value at market rate at $425 per sf with 2000sf + 150sf bonus room
e. Net equity: $73k
2) #1 above plus add 2nd floor of 1,000sf (see 6278 Saratoga Cir example)
a. $807k cost from option #1
b. $200k 2nd floor addition @ $200 per sf
c. $1007k total basis
d. $1.3mm Value @$425 per sf of 3,000sf
e. Net equity: $293k
3) Teardown and build new (see 6254 Sudbury Ln example)
a. $657k purchase
b. $850k build cost @$200per sf; 4250sf home at 9450sf lot x 45 percent coverage
c. $1.507mm total basis
d. $1.8mm Value @$425 per sf of 4250sf
e. Net equity: $293k
For sale
$657,000
6269 Saratoga Cir, Dallas, TX 75214
3beds
1,852sqft
Est.:
Single Family Residence
Built in 1959
9,452.52 Square Feet Lot
$636,300 Zestimate®
$355/sqft
$-- HOA
What's special
- 76 days
- on Zillow |
- 523 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 08:14am
Listed by:
Joe Iley 0554437 210-690-0050,
Mission Real Estate Group 210-690-0050
Source: NTREIS,MLS#: 20960817
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Range, Refrigerator
Features
- Other
- Flooring: Hardwood
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room, Masonry
Interior area
- Total interior livable area: 1,852 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Pool features: None
- Fencing: Chain Link,Wood
Lot
- Size: 9,452.52 Square Feet
Details
- Parcel number: 00000241255000000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Caruth Terrace
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $568,520
- Annual tax amount: $9,455
- Date on market: 6/5/2025
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