If you’ve been saving with that idea that you want to quit renting and buy, the Tuesday Two Hundred price point is a great one to kick off any search — and it’s where you’ll find houses like this great Craftsman in North Oak Cliff.
“Yes, it’s cute,” you may be thinking. “But North Oak Cliff is hot right now, and there is no way I can afford a house there.”
But if you’ve been saving with the idea of putting down 20 percent, you might be surprised. Let’s do the math: The average two-bedroom apartment is renting for $1,120 right now in Dallas, according to this recent report.
If you put 20 percent down, though, and have a decent credit score and find the right lender, you can potentially be looking at a monthly house payment of $1,245, give or take that credit score (we factored for a 4.2 percent rate) and other variables like property taxes and insurance.
In other words, for not much more than your current rent for a two-bedroom place (and possibly even less, depending on where you live), you could be in this adorably remodeled 1922 Craftsman, located at 1142 West Clarendon Drive. With two bedrooms and one bath, it’s been remodeled from the studs and rebuilt fantastically.
It also has new HVAC, electrical, plumbing, roof, fence, siding, windows, appliances, driveway, and landscaping.
In other words, you could have the best of both worlds — a historic home that is also practically new.
And even better, it’s also close to Bishop Arts District, the Texas Theater, Stevens Park Golf Course, Kidd Springs Park, and more.
The home is zoned for Winnetka Elementary (which met state standards and has two distinctions), as well as Greiner Exploratory Arts Academy (which met state standards with five distinctions), and Sunset High (which met state standards and earned four distinctions).
It’s priced at $245,900, and is listed by Bart Thrasher with David Griffin & Company. Want to see more? Click here.