✅ PROPERTY DETAILS ✅

Off-Market Property Description: Dallas, TX 75214 Property Details

• Address: Off-Market Property Description: Dallas, TX 75214 Property Details

• Address: 6835 Gaston Ave, Dallas, TX 75214

• Neighborhood: Lakewood, Gaston Place Subdivision

• Property Type: Single-Family Home

• Year Built: 1936

• Current Size: 2,540 sq. ft.

• Lot Size: 9,213 sq. ft. (0.21 acres)

• Bedrooms: 4

• Bathrooms: 2

• Garage: 480 sq. ft.

Pricing & Potential

• Asking Price: $695,000

• Estimated ARV: $1,100,000-$1,250,000 (for a fully renovated home)

• Potential ARV with 500 sq. ft. Addition: $1,300,000-$1,450

• Estimated Repair Costs: $200,000-$250,000 (including full rehab and 500 sq. ft. addition, depending on finishes)

• Status: Off-Market, Full Rehab & Expansion Opportunity

Opportunity Overview

This 1936-built home in the heart of Lakewood offers a unique chance for a full rehabilitation with significant value-add potential. With 2,540 square feet of existing living space and a 9,213-square-foot lot, the property is ideal for a transformative renovation. Adding 500 square feet to reach approximately 3,000 square feet could significantly boost the ARV to $1,300,000-$1,450,000, making it a perfect project for creating a modern, luxurious residence or a high-return investment.

Key Features

• Prime Location: Situated in vibrant East Dallas, close to White Rock Lake, Lakewood Elementary, and the dining/shopping hubs of Lower Greenville • Spacious Lot: 9,213 sq. ft. provides ample room for expansion, outdoor living spaces, or landscaping enhancements • Flexible Floor Plan: Existing 4-bedroom, 2-bathroom layout with 1.5 stories offers versatility for reconfiguration or additions • Investment Potential: East Dallas's strong economic growth and desirability make this an ideal project for investors or homeowners

Comparable Sales

• 6871 Lorna Ln, Dallas, TX 75214: A 4-bedroom, 3-bathroom home (2,953 sq. ft.) sold for $1,095,000 in 2021 and is currently listed for $1,395,000 (MLS# 20817030). This recently renovated property highlights the premium value of updated homes in the Lakewood area.

• 6882 Avalon Ave, Dallas, TX 75214: A 3-bedroom, 2-bathroom home (1,804 sq. ft.) sold for approximately $1,299,500 in March 2024 (MLS# 20549390). This architecturally significant property underscores the strong market demand for smaller, high-quality homes in the neighborhood.

• 6835 Lorna Ln, Dallas, TX 75214: A 4-bedroom, 2.5-bathroom home (2,086 sq. ft.) sold for $627,001-$717,000. This sale reflects the value of properties with similar bedroom counts but smaller square footage in the area.

Neighborhood Highlights

• Lakewood: A historic and dynamic neighborhood known for its diverse architecture and community appeal

• Proximity to Amenities: Steps from White Rock Lake, parks, and top-rated schools, with easy access to Downtown Dallas

• Market Strength: East Dallas attracts buyers and investors due to its steady growth and vibrant lifestyle offerings

Rehab & Expansion Potential

• Renovation Scope: Update the interior with modern finishes, open up the floor plan, or restore historic charm with contemporary amenities

• Square Footage Play: Add 500 sq. ft. to reach approximately 3,000 sq. ft., with potential for a primary suite, home office, or entertainment area to maximize value and functionality

• Outdoor Enhancements: Large lot allows for outdoor living areas, gardens, or even a pool to elevate the property's appeal

• Estimated Repair Costs: $200,000-$250,000, including full interior rehab (e.g., kitchen, bathrooms, flooring, HVAC, electrical) and a 500 sq. ft. addition, depending on the quality of finishes and scope of work

Note

This off-market opportunity is perfect for those ready to transform a classic Lakewood home into a modern masterpiece or a high-return investment property.