Listing vs DCAD. Paying full-price for a 299 square foot balcony?

AT&T used to say, “you get what you pay for.” In real estate, you pay for what you get, so it’s important to know what you’re getting, especially when condo shopping. In many markets, including Hawaii, exterior space (balconies) counts towards living space. That means when you buy a 1,000-square-foot condo, the price per square foot is calculated as 1,000 square feet, regardless of whether there’s a 200 square foot balcony included in that 1,000 square feet.

In Dallas, a 1,000 square foot condo means 1,000 square feet under roof that is heated and air-conditioned. The balcony is sorta free or at least not part of the price-setting. In Hawaii, the 200-square-foot balcony is additional space and would be listed as 1,200 square feet.  Got it? In Dallas, balconies are generally not counted as chargeable, interior space.

Unless they are.


All photos: MetroplexHD

North Oak Lawn is a lovely neighborhood with parks and creeks, varied architecture, and a sense of community.

Today’s Tuesday Two Hundred is in the heart of North Oak Lawn, 4424 Holland Ave. Apt. 301, near Lemmon and Wycliffe avenues. This picturesque condo offers 1,053 square feet on two stories with two bedrooms, one full bathroom, one half bath, two balconies, and a private patio.picturesque condoThe Holland Avenue Condominiums were built in 1983, and both the building and this unit look fresh and well-maintained. From the hardwood floors and numerous built-ins, to generous bedrooms and an updated master bathroom, this condo offers a lot of amenities for under $300K.

It was listed Friday by Blake Damron at Clay Stapp + Co. for $249,000. Mandatory monthly HOA fees ring in at a reasonable $214, and include blanket insurance, exterior maintenance, maintenance of common areas, management fees, trash, and water/sewer. Let’s take a look inside!