A contemporary mid-century home in the Lake Highlands neighborhood of Dallas has hit the market for $650,000.
The almost 2,000-square-foot home has a four-bed-two-bath design that carefully preserves the property’s original 1960s charm while also including an open-space interior with architecturally significant touches for the modern-day, according to David Griffin & Company, the Dallas-based real estate firm brokering the sale.
Some of the property’s unique features include a double-sided walk-around fireplace, a breeze block wall, cork floors, wood slat details and original paneling, a covered patio area with a manicured backyard, and more. The kitchen and bathrooms were also reimaged to help boost the home’s warm and enjoyable atmosphere.
The property is located in Northeast Dallas at 10306 Church Rd, near Lyndon B Johnson Freeway and Plano Road. An open house was scheduled for Saturday, Candy’sDirt.com reported.
The Dallas Express contacted David Griffin & Company’s David Collier for more information about the property but did not immediately hear back by publishing.
According to the property’s history, the home was listed for $245 per square foot in February 2019. The current $335 per square foot listing price represents a roughly $200,000 increase over five years.
While the home certainly stands out for its architectural enhancements and atmosphere, its listing price also reflects the waning purchasing power of the U.S. dollar and the problematic situation many homebuyers are finding themselves in.
As a single-story property built in 1962, the home would have once been ideal for first-time buyers, but not in 2024. Based on a standard 20% down payment and an average 7% interest rate on a 30-year fixed mortgage, a potential buyer would need an annual income of $150,000 to afford the home.
The median household income in Dallas was only $63,985 in 2022, according to the latest data from the U.S. Census Bureau. Even though the property is appealing, only higher-income earners in Dallas will likely be able to afford the monthly payments.