UPDATE ON PROBATE: Seller is in process of completing requirements from Judge and anticipates responding to an offer on or before Oct 21. This property is available, and offers are being collected. Read this in detail for offer guidance. Let’s start with the good news: this is a 4-bedroom home on a corner lot in a great neighborhood with Richardson schools, close to trails, parks, and Central Expressway. Recent sales in the area top $400k, and rentals are pushing $3, 000 per month. So what’s the best feature of this house? The crazy-low price. Now the not-so-good news: this property is a full renovation project—from the roof to under the foundation. Major repairs needed include a total plumbing replacement (estimate available for $27, 500), a new roof, possible foundation work, HVAC replacement, and a complete cosmetic overhaul of floors, fixtures, kitchen, and bathrooms. The large yard is ready for a new fence too. Buyers should also know that patience is required—contracts are subject to probate court approval, which could take 6–12 weeks or more. Offer guidelines: No offers below $275k are likely to not be considered. We have several cash offers in excess of this number, cash, no option. Seller financing will not be considered. Cash offers and offers with no option period are strongly preferred. No Seller’s Disclosure is available, as this is an estate property. As of October 9, we have in excess of 20 offers. Bring your best and highest right away—initial offers should be your strongest. Not all offers will receive a response. If your offer is competitive you will be contacted. If not, not. AGENTS: See Private remarks for language required by Seller's probate attorney. This one isn’t for the faint of heart—but for the right buyer, it’s a golden opportunity to create serious value in a desirable location.
