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

With 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.