I just wrote an article about the prospects of being able to buy home in Lovejoy ISD for $500K. I mentioned there are three types of properties that provide that opportunity. They are ...
A production home, maybe 10 to 20 years old
A 30 to 40 year old "ranchette" on 1-3 acres requiring substantial updating or
A teardown where all value is in the land.
I noticed this evening this home in Lucas/Lovejoy priced at $500K just went under contract and it had only been on the MLS for three days. It fits the second profile perfectly.