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$448,000

NAL Estimated Property Value

1200 Serenade Lane, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,095 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.24 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Lighting
Lot Size9,000 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42047700040120000
Lot Number12
SubdivisionCollege Park East
Land UseResidential
Legal DescriptionCOLLEGE PARK EAST BLK D LOT 12 INT201900150979 DD06072019 CO-DC 0477000401200 3CR04770004
Census Tract019039
Assessed Land Value$125,000
Assessed Improvement Value$273,660
Assessment Year2025

About this property

This ranch has been beautifully updated w an open floor plan that's filled w natural light. The front entry is flanked by formal dining & opens to a spacious living area which anchors the home w a gas FP, vaulted ceilings & gorgeous views of the pool. An updated kitchen features SS appliances & enjoys a breakfast nook w custom built-ins for add'l storage. A 2nd living area is situated at the back of the house with French doors that lead to the backyard & offers flexible options as an office, playroom or game room. The master suite enjoys spacious dimensions for an add'l sitting area & features a renovated MBA w frameless glass shower & gorgeous tile. Serene backyard w pool, FP & grill provides idyllic oasis.

Investor Tools

Property Icon
$448,000
Estimated Property Value
$335,463Estimated Mortgage Balance
$112,537Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,688 /month
Positive
Cash Flow Estimate:
$896 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$688/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,018
$398,660
2025
$125,000
$273,660
$398,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,018
$398,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$327,571
Yes
First
Dec 31, 2020
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,463
$112,537
25%
75%
$2,234/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,234/mo
+$76/mo
6.2%

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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1200 Serenade Lane | Property Details | No Agent List