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B+
NoAgentList RatingHow are grades calculated? Info

$235,000

115 Trellis Place 115C, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,320 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$178.03 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Lot Size10.20 acres

Building Information

Year Built1973
Stories2
Roof Type105

Land Information

APN42197500000150000
SubdivisionRichardson Lifestyle Townhomes
Land UseResidential
Legal DescriptionRICHARDSON LIFESTYLE TOWNHOMES BLDG C APT 115 CE 0.596% INT202400260135 DD12202024 CO-DC 0000000000000 34219750000
Census Tract019024
Assessed Land Value$31,770
Assessed Improvement Value$208,230
Assessment Year2025

About this property

Look no further than 115 Tellis Place, a lovely two-story condo in the heart of Richardson! This spacious home features 3 bedrooms and 2.5 baths, with the primary suite conveniently located on the first floor along with a half bath, dining area, living room, and kitchen. Upstairs, you'll find two additional bedrooms, a full bath, and a laundry area with space for a full-size washer and dryer. Features include: No carpet—updated laminate wood flooring throughout, freshly painted kitchen cabinets and granite countertops, Updated vanities and light fixtures in all bathrooms, recently painted interiors, Complete AC replacement in 2024. This beautifully updated condo is ready for you to call it home!

Investor Tools

Property Icon
$240,000
Estimated Property Value
$0Estimated Mortgage Balance
$73,058Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$536/month
$235/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,233
$240,000
2025
$31,770
$208,230
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,233
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Equity Mortgage
Building Or Construction Loan
$171,250
No
First
Dec 20, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,942
$73,058
30%
70%
$1,027/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,262/mo
+$1,048/mo
11.6%

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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