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$1,832,000

NAL Estimated Property Value

1117 Grassmere Drive, Richardson, TX, 75080

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,674 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$503.54 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 5Bathrooms 5
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Gas Oven, Ice Maker, Microwave, Double Oven, Tankless Water Heater, Vented Exhaust Fan, Warming Drawer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,000 sqft

Building Information

Garage Spaces2

Land Information

APN42130601850240000
Lot Number24
SubdivisionJ J Pearce Sec
Land UseResidential
Legal DescriptionJ J PEARCE SEC 1 BLK 185 LT 24 INT202300106076 DD05302023 CO-DC 1306018502400 3CR13060185
Census Tract019205
Assessed Land Value$240,000
Assessment Year2025

About this property

A more thoughtful take on new construction in Richardson’s sought-after JJ Pearce neighborhood—where design, craftsmanship, and everyday livability come together with intention. Built by Fairview Custom Homes, this 2026 custom home reflects a commitment to quality construction and modern building standards, including a pier & post-tension cable foundation system, foam insulation, Andersen windows, and integrated smart home technology—delivering long-term performance, efficiency, and comfort. Spanning 3,674 square feet, the well-balanced two-story layout offers 5 bedrooms—each with a dedicated bath—alongside a private first-floor office and flexible living spaces designed to adapt over time. Natural light fills the main living areas, where white oak flooring, a signature herringbone inlay entry, and tailored millwork create a warm yet elevated foundation throughout. The open-concept design flows seamlessly into the kitchen and dining spaces, anchored by a statement kitchen featuring rich custom cabinetry, fluted detailing, full-height stone surfaces, designer lighting, and a Thermador appliance package—alongside a well-appointed butler’s pantry that enhances both function and entertaining. The adjacent living area is equally considered, with custom built-ins and a cast stone gas fireplace creating a warm architectural focal point. The first-floor primary suite offers a quiet retreat, complete with vaulted ceilings and a spa-inspired bath with a layered, high-end finish palette—featuring custom cabinetry, artisan tile work, and curated lighting. Upstairs, additional bedrooms and a spacious game room provide dedicated space for family gathering—creating separation while maintaining connection to the main level. Additional highlights include a fully finished garage with custom large-flake flooring, dual-zone HVAC, PEX plumbing, and a home pre-wired for audio, visual, security, and smart home integration.

Investor Tools

Property Icon
$1,832,000
Estimated Property Value
$1,262,546Estimated Mortgage Balance
$569,454Estimated Equity
31% 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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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$979/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,583
$240,000
2025
$240,000
N/A
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,583
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Republic Bank Na
Commercial
$1,291,110
No
First
Mar 25, 2025
Mar 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,262,546
$569,454
31%
69%
$7,741/mo

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.

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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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1117 Grassmere Drive | Property Details | No Agent List