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Adrian Garza-Delgado

adrian@garzaheron.com +1(210) 900-3399

$319,000

Est. payment - /mo

3 Beds

2 Baths

2,560 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,560 sqft

Price per Sqft $124

Subdivision Terrell Hills

MLS Listing ID 2030106

Style One Story

Bedrooms 3

Full Baths 2

Construction Status Pre-Owned

HOA Y/N No

Year Built 1953

Annual Tax Amount $10,993

Tax Year 2025

Lot Size 0.397 Acres

Property Sub-Type Single Family Detached

Property Description

TERRELL HILLS | EXCEPTIONAL LUXURY RENOVATION OPPORTUNITY - $319,900 Acquisition | $880,000+ Projected ARV | 0.40 Acre Lot - An established address. A substantial value-add opportunity. A compelling investment basis. Positioned in the highly sought-after Terrell Hills community, 924 Morningside Drive presents an exceptional opportunity to acquire and transform a mid-century residence into a premier luxury home in the desirable 78209 market. Set on an expansive 0.397-acre lot beneath mature trees, this single-story, 2,560-square-foot residence offers the footprint, land, and location for a remarkable transformation. The proposed renovation and expansion increase the residence to approximately 2,894 square feet, featuring 4 bedrooms, 3 bathrooms, a private office, and thoughtfully reconfigured living spaces designed for today's luxury buyer. An extended two-car garage, newer roof, and generous outdoor space further complement the property's potential. Offered at $319,900 with an estimated renovation budget of $330,000 and a projected after-repair value of $880,000+, the combined acquisition and renovation cost of $649,900 represents approximately 74% of projected ARV, with a projected gross spread of $230,100 before additional expenses. Nearby comparable sales range from $775,000 to $795,000, with the only fully renovated property among the three selected comparables achieving a reported $365.43 per square foot. In comparison, the projected $880,000 resale value for 924 Morningside represents approximately $304.08 per square foot, providing a meaningful reference point for the proposed luxury renovation. The opportunity extends beyond renovating a residence. It is the ability to create a distinguished luxury home in one of San Antonio's most desirable residential communities, with a compelling acquisition price and substantial resale potential. A comprehensive eight-page investor package featuring existing and proposed floor plans, conceptual renderings, interior design concepts, comparable sales, and investment projections is available for review. Request the complete investment package and schedule your private property tour.

Location

State TX

County Bexar

Area 1300

Rooms

Master Bathroom Main Level 10X10 Tub/Shower Combo, Single Vanity

Master Bedroom Main Level 19X16 DownStairs, Multi-Closets, Ceiling Fan

Bedroom 2 Main Level 11X12

Bedroom 3 Main Level 12X16

Living Room Main Level 16X16

Dining Room Main Level 12X10

Kitchen Main Level 12X14

Family Room Main Level 22X16

Interior

Heating Central

Cooling One Central

Flooring Ceramic Tile, Linoleum, Wood

Fireplaces Number 1

Inclusions Ceiling Fans, Chandelier, Washer Connection, Dryer Connection, Stove/Range, Disposal, Ice Maker Connection, Vent Fan, Smoke Alarm, Gas Water Heater, Smooth Cooktop, Solid Counter Tops, City Garbage service

Heat Source Electric

Exterior

Exterior Feature Covered Patio, Privacy Fence, Chain Link Fence, Double Pane Windows, Storage Building/Shed, Has Gutters, Mature Trees, Stone/Masonry Fence

Parking Features Two Car Garage

Pool None

Amenities Available None

Roof Type Composition

Private Pool N

Building

Lot Description 1/4 - 1/2 Acre

Story 1

Foundation Slab

Sewer Sewer System, City

Water Water System, City

Construction Status Pre-Owned

Schools

Elementary Schools Wilshire

Middle Schools Garner

High Schools Macarthur

School District North East I.S.D.

Others

Acceptable Financing Conventional, Cash, Investors OK

Listing Terms Conventional, Cash, Investors OK

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LERA MLS - Local Expertise Regional Access / SABOR

Listed by Nacole Ricks • eXp Realty • (956) 207-0456

NEARBY SCHOOLS & PROPERTIES

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Adrian Garza-Delgado

+1(210) 900-3399

Broker Associate License ID: 638099

924 Morningside Terrell Hills, TX 78209

Adrian Garza-Delgado

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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924 Morningside