Lakewood area of Dallas walking distance to shops and restaurants

[John Mazzolini]

This is a charming 4/2.5/1 2402 sqft house which is in great shape, but is in need of updating and some floor plan retooling. The windows are newer, the HVACs are in great shape--the plumbing and electrical have all been updated, it is in need of some foundation work (have a verbal bid of $5K) a new roof, and some work on the exterior stone work. Houses in this area are going for up to $257/sqft without a garage (and a slightly larger house, as well). The best comp sold for $642,000 without a garage, so I think that a valuation of $615K is more than doable. Feeds to Lakewood Elementary

Price: $397,000 (all-in)
Rehab: $100,000 (awaiting written bid from GC)
BPO: $615,000