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Days37Days on Market
Views1view

$1,850,000

$1,829,900

1109 Grassmere Dr, Richardson, TX, 75080

On MarketInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths4,106 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$450.56 / sqft
Year BuiltBuilt in 2027

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,000 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42130601850200000
Lot Number20
SubdivisionJ J Pearce Sec
Land UseResidential
Legal DescriptionJ J PEARCE SEC 1 BLK 185 LT 20 INT200600273506 DD07192006 CO-DC 1306018502000 3CR13060185
Census Tract019205
Assessed Land Value$240,000
Assessed Improvement Value$371,460
Assessment Year2025

About this property

Luxury new construction by Fairview Custom Homes in one of Richardson's most desirable neighborhoods. This thoughtfully designed home offers 4 bedrooms, 4 full baths, 1 full powder bath, a private study, game room, covered outdoor living, and exceptional custom finishes throughout. The striking upgraded brick exterior with steel roof accents and dramatic black-framed windows creates stunning curb appeal. Inside, soaring ceilings and walls of windows fill the open-concept living spaces with natural light. The chef's kitchen features an oversized island, premium appliance package, custom cabinetry, walk-in pantry, and adjoining wet bar, flowing seamlessly into the spacious dining and great room. The private first-floor primary suite offers a spa-inspired bath with freestanding soaking tub, oversized shower, dual vanities, and an expansive custom closet with direct laundry access. Upstairs includes three spacious bedrooms, each with access to a full bath, a large game room, and unfinished attic space for abundant storage or future expansion. Built with the superior craftsmanship Fairview Custom Homes is known for, this home features premium construction, energy-efficient systems, designer finishes, and timeless architecture designed for modern living. Behind the walls, the quality is just as impressive as the finishes. Built with engineered pier and post-tension foundation systems, ZIP System sheathing, Andersen windows, foam insulation, PEX plumbing, and premium mechanical systems, this home delivers the craftsmanship, efficiency, and peace of mind discerning buyers expect from Fairview Custom Homes.

Investor Tools

$421,740Estimated Mortgage Balance
$1,390,897Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,100 /month
Positive
Cash Flow Estimate:
$3,700 /month

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Jennifer McDaniel

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,928
$611,460
2025
$240,000
$371,460
$611,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,928
$611,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Republic Bank Na
Building Or Construction Loan
$428,000
No
First
Sep 15, 2025
Sep 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,740
$322,260
43%
23%
$2,567/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$2,567/mo
+$93/mo
1.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Richardson

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1109 Grassmere Dr | Property Details | No Agent List