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$524,900

1211 Serenade Ln, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,140 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$245.28 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size9,000 sqft

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42047700030230000
Lot Number23
SubdivisionCollege Park East
Land UseResidential
Legal DescriptionCOLLEGE PARK EAST BLK C LOT 23 INT202500138741 DD06302025 CO-DC 0477000302300 3CR04770003
Census Tract019039
Assessed Land Value$125,000
Assessed Improvement Value$343,260
Assessment Year2025

About this property

This beautifully updated single-story home offers the perfect blend of comfort and style with 4 spacious bedrooms and 2.1 bathrooms. As you step inside, you're welcomed by a formal dining area that overlooks the expansive backyard and inviting pool. The front living room, centered around a stunning fireplace and complemented by a built-in wet bar, flows effortlessly into the gourmet kitchen, creating an ideal space for both relaxation and entertaining. The kitchen itself has been thoughtfully updated with sleek countertops, premium stainless steel appliances, and generous storage. Just off the kitchen, you'll find a cozy second living area and a convenient half bath. The home boasts contemporary finishes throughout, providing a fresh, stylish, and welcoming atmosphere. The private primary suite is thoughtfully separated from the three secondary bedrooms, offering a peaceful retreat. Outside, enjoy your own private backyard oasis with a sparkling pool, perfect for unwinding or hosting guests. Situated in a family-friendly neighborhood, this home is within walking distance to the local elementary school and nearby parks, offering the perfect combination of convenience and community. Don’t miss the chance to call this exceptional home yours!

Investor Tools

Property Icon
$490,000
Estimated Property Value
$402,000Estimated Mortgage Balance
$94,478Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,149 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,626
$468,260
2025
$125,000
$343,260
$468,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,626
$468,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$402,000
No
First
Jun 30, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$395,522
$94,478
19%
81%
$2,411/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,411/mo
+$599/mo
7.4%

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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1211 Serenade Ln | Property Details | No Agent List