One of the coveted neighborhoods in Lake Highlands Estates is the L Streets. Our Thursday Three Hundred at 8932 Lockhaven Dr. is in this prime area, built in 1954 and in pristine condition.
Sitting on a corner lot with a circular drive, this curb appeal cutie looks marvelous with its curb appeal — mature pecan trees really seal the deal. Inside, it’s updates galore, creating a modern look with lots of buyer “wants.”
This home has three bedrooms, two bathrooms, and 1,401 square feet on one story. Let’s take a look!
The old-feel new construction at 5214 Richard Ave. is one of our five featured open houses this week.
We love bringing you an insider look at hot North Texas properties with our CandysDirt Open Houses of the Week column. Every Thursday, we pick five fabulous open houses in Dallas (and the ‘burbs from time to time) you shouldn’t miss.
This week, our houses range in price from $320K to $1.095 million. Let us know what you think of our choices, and if you know of any we should feature next week!
With mortgage rates at historic lows, many people might be tempted to buy a home before they’re financially ready.
In order to determine where homeowners have the most unsustainable mortgage debts in the country, WalletHub recently released the 2017 Home Overleverage Report. Their analysts compared the median mortgage debt to the median income and median home value in more than 2,500 U.S. cities.
Dallas did not fare well when it comes to overleveraged mortgage debtors.
“Dallas ranked fairly well when compared to other major cities as it has an affordable median house value at $135,400,” said WalletHub analyst Jill Gonzalez. “However, the median earnings per individual are fairly low at just $27,935, which makes it harder to pay off a $131,144 median individual mortgage debt.”
Many residents are simply taking on more mortgage debt than they can handle, and putting very little money forward as a down payment.
“Being overleveraged can make it harder for homeowners to make their monthly payments, possibly leading to defaulting on their mortgages,” she said. “The city was ranked and scored based on its mortgage debt-to-income ratio and mortgage debt-to-house value ratio. Dallas’ overall rank is mostly due to its high debt-to-income ratio, at 469 percent.”
Our Tuesday Two Hundred is a Lochwood Estates midcentury that generated multiple offers over asking price after just four days on the market.
This East Dallas neighborhood is affordable and desirable with lush greenbelts, mature trees, lots of wildlife, and close proximity to White Rock Lake. With killer curb appeal and a cute interior, the home at 12030 Sunland St. offers atomic era style. It also has an attached two-car garage, a rarity in the area and big bonus among buyers.
“We thought of pricing it at $249K, but we decided to drop it based on comps to get attention — it helps to get as many eyeballs on it as possible that first weekend,” said listing agent Jason Castro with Keller Williams — Dallas Park Cities. “These sellers need to move quickly. When you have multiple offers it helps you negotiate a lot of terms and helps you get to close quickly without many snags in the process.”
Castro’s strategy worked. He had ten offers as of noon yesterday, and all are above asking price, except one lowball cash offer. He says he expects another five or so. How’s that for a hot property?
This home has three bedrooms, two bathrooms, and 1,173 square feet on on story, built in 1961.
Jennifer Kilpatrick and her son Jack
Single mom and attorney Jennifer Kilpatrick is a Dallas native and Ursuline Academy grad who moved away in 1992. After a divorce in 2016, she and her son moved back to North Texas, renting an apartment in The Village. She wanted time to find a new house in this competitive market, and focused her search to the area in which she grew up.
“I began searching for a house a few months ago, and wanted to buy a house in east Dallas, since I grew up in Lake Highlands and Jack goes to school at St. Thomas Aquinas,” she said. “I confined my home search to Lake Highlands, Little Forest Hills, Lochwood, and Ridgewood Park (and small, ill-defined neighborhoods around those places).”
We’ve followed her home-buying journey, from first searches to closing on a Lochwood cutie this month. It’s a great story!
Full name: Jennifer Kilpatrick
Location: East Dallas
Price Range: Under $350K
Agent: Cindy Johnson with Keller Williams
The Old East Dallas Craftsman at 4839 Junius St. is a real stunner, and it’s one of our open houses this week.
We love bringing you an insider look at hot North Texas properties with our CandysDirt Open Houses of the Week column. Every Thursday, we pick fabulous open houses in Dallas (and the ‘burbs from time to time) you shouldn’t miss.
This week, our houses range in price from $459,900 to $745,500. You’ll find a some fab properties, from an Old East Dallas Craftsman, pictured above, to a beautiful Austin stone house in Stevens Park Estates. Let us know what you think of our choices, and if you know of any we should feature next week!
Find a vintage home in a historic district with the positively enchanting property at 5833 Victor St.
Located in Junius Heights Historic District, this gingerbread darling sits near Abrams Road and North Beacon Street on a quiet residential street with arching shade trees. It’s a hop, skip, and jump over to the 16-acre Randall Park, and close to Lakewood shopping and restaurants. Great East Dallas location!
With darling curb appeal and a big tree out front, it’s an eye-catching house. Inside, you’ll find inviting spaces, polished concrete floors, and an updated kitchen that’s appealing to the modern buyer. This home has three bedrooms, two bathrooms, and 2,235 square feet on two stories, built in 1948.
North Oak Cliff is full of storied neighborhoods like El Tivoli Place. This well-established area features winding streets, hilly terrain, creeks and greenbelts, and arching shade trees. Its charmed brick homes, serene setting, proximity to downtown, and affordable real estate make it appealing to buyers.
Our Tuesday Two Hundred at 2711 El Tivoli Dr. is a 1945 gem, only minutes from Bishop Arts. It is recently updated with two bedrooms, one bathroom, and 1,227 square feet on one story. This house is gorgeous, from its new exterior hardscaping and fresh paint, to energy efficient updates and a total wow factor throughout.