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$779,000

1202 Richland Oaks Dr, Richardson, TX, 75081

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,770 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$281.23 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Other

Exterior

Private PoolPrivate Pool
Lot Size5,000 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42209900070060000
Lot Number6
SubdivisionRichland Oaks 3rd
Land UseResidential
Legal DescriptionRICHLAND OAKS 3RD INST LT 0006 G INT202100376709 DD12162021 CO-DC 2099000700600 3CR20990007
Census Tract019041
Assessed Land Value$105,000
Assessed Improvement Value$629,000
Assessment Year2025

About this property

Experience modern luxury in this freshly built, architecturally striking residence located in a prime location. Offering 2,770 square feet of thoughtfully designed living space, this exceptional home features 4 spacious bedrooms, 3 full bathrooms, and a seamless blend of contemporary elegance and smart home technology. Impressive curb appeal, soaring ceilings, abundant natural light, and European white oak flooring create a warm yet sophisticated atmosphere throughout. The chef's kitchen is the centerpiece of the home, showcasing top tier appliances, custom cabinetry, paneled refrigerator, freezer, dishwasher, and an oversized island ideal for entertaining. The open concept living area is enhanced by built in surround sound with in wall speakers and subwoofer. A versatile flex room on the main level offers the perfect space for a home office, guest suite, or additional bedroom. Upstairs, the luxurious primary retreat features a spa inspired ensuite bath, accompanied by secondary bedrooms and a spacious game room overlooking the living area below. Step outside to a private backyard oasis complete with a saltwater pool and fully turfed yard for low maintenance enjoyment year round. Additional upgrades include keyless entry, electronic window shades, hardwired security cameras, enterprise grade Ubiquiti WiFi infrastructure, air conditioned garage, and two EV charging stations. A rare opportunity to own a move in ready luxury home that combines exceptional craftsmanship, modern design, and advanced technology.

Investor Tools

$570,903Estimated Mortgage Balance
$202,252Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,674 /month
Positive
Cash Flow Estimate:
$1,558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$914/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,116
$734,000
2025
$105,000
$629,000
$734,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,116
$734,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$624,000
No
First
Dec 16, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$570,903
$163,097
22%
74%
$3,742/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,742/mo
$-732/mo
4.7%

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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1202 Richland Oaks Dr | Property Details | No Agent List