There's a '50s house for sale in a sought-after area of East Dallas that is nothing less than a palace of knotty pine.

The home is in the Lochwood Subdivision, northeast of White Rock Lake, and south of Northwest Highway, at 11122 Flamingo Ln., across the street from Martha Turner Reilly Elementary School and a couple blocks from Lochwood Park.

Built in 1955, the home has 1,766 square feet on a 7,797-square-foot lot, with 3 bedrooms, 2 bathrooms, and a two-car garage accessed from the rear.

It's currently listed at $425,000 as-is by Christopher Beary with Beary Nice Homes, who is no doubt having to cough-cough adjust the expectations of the seller, since it's been on the market for 23 days, and has already seen two price drops from its original asking price of $450,000.

That price seems a tad bold, even for someone who likes '50s homes in original condition and would not need to replace the wonderful original-tile bathrooms, given some of the other issues with the property, and we're not talking about the old-lady drapes or faded wallpaper in the kitchen.

There is one window that is actually missing, covered with plywood, and at least one of the window screens is falling off. There has definitely been a garage conversion; the opening is now replaced by a fireplace.

All that said, it's hard to find homes in the Lochwood Division in that price range, and besides, the house is a knotty pine lover's dream. There's knotty pine paneling in the kitchen, and knotty pine in the family room-library: a long expanse as far as the eye can see, with a big set of built-in bookshelves and cabinets, featuring classic black hardware handles and hinges.

The kitchen has a laminate countertop with the built-in backsplash in a "pop of color" lipstick red — a far cry from granite, but perfectly functional, built to last decades. And its cabinets may be painted white but that is definitely knotty pine beneath the paint.

Other notable original elements include two bathrooms, both boasting old-school 4X4 tile which looks to be in very good condition, one salmon pink and the other a fabulous, almost lurid bubblegum-pink.

The description says the home is "ripe for renovation, offering vast potential for those with a vision," and "while it demands TLC, its inherent value is undeniable, making it a perfect project for investment or to craft into your dream home."

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11122 Flamingo Ln.