Listing Description
UPDATE ON PROBATE: Seller is in process of completing requirements from Judge. Offers will be collected until such time as court date can be requested. We have multiple cash offers for at least full price, no option period. Offers with financing or below full price will not be considered.
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.
All offers will be presented, but full price or higher 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 Jan 15, 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.