Dallas, Texas — The value of a house in Dallas could top $1.5 billion when it sells for $2.5 million, according to an appraisal done by real estate agent Brochures & Leads.
The house is valued at $2,495,000, according the Brochure.
Bryan Smith, an agent at Brochurs Associates, says the house is owned by the same person who owns the current home.
Smith said he is not sure what would happen if the buyer wanted to sell.
“I think it’s the property and it’s going to be a good property,” Smith said.
He said the property is worth between $1 million and $2 million and would probably sell for $4 million to $5 million.
However, there are some other factors to consider, including the amount of time since the property was last sold, and the price of the house.
At the time of the sale, the house was listed at $1,525,000 and the current price was $1 of that amount, according a Brochurance Brochus, which is about $400,000 higher than the sale price.
According to Smith, the current owner of the home is currently out of work and may not be able to afford to pay the mortgage on the property.
While it’s unclear how much money the buyer could make on the house, the buyer would need to pay a mortgage rate of 3.25% for the first year of ownership, and 3.5% for each year after that.
It’s not clear if the house would be available for sale if it’s sold, Smith said, but he’s hopeful.
What do you think?
Do you think the price will be high enough to sell a house for that much?
Let us know in the comments below.