Dallas Home for Sale: University Park Colonial for Just Under $1M

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4508 Stanhope St., University Park, TexasWith the average home in the desirable Dallas, Texas, suburb of University Park selling for more than $1 million, finding a deal can be difficult.

This house at 4508 Stanhope St. in University Park is only $1 under $1 million -- listed at $999,999 -- but it's still a worthy home to buy with plenty of room in a great neighborhood.

I've written before about University Park, a city with 23,324 residents that has a small-town feel while being close to Dallas and its big-city attractions. The area is also home to Southern Methodist University.
The Stanhope Street home is about three blocks south of Germany Park, a popular Dallas landmark with a running track and tennis courts. The two-story, four-bedroom, four-bath home has 3,150 square feet and was built in 1945.

It has a remodeled kitchen that opens to a family room overlooking a large backyard. The kitchen has white cabinets with Viking, Sub Zero and Bosch appliances. A dining island sits in the center, with a bigger dining area at one end.

The baths are done in restorative finish. All of the bedrooms are upstairs and the master suite has a sitting area with a large bath and walk-in closets.

Comparable homes in the neighborhood have an average asking price of $933,799, meaning there are homes of similar size listed for less money, so if you're interested in this one be sure to offer less than the asking price. But for my money, this home on Stanhope Street is worthy of an offer. From the immaculate rooms to the beautiful kitchen, I can see why it's only $1 under $1 million.

See more great homes in the University Park area of Dallas, Texas, at AOL Real Estate.
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