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$467,000

NAL Estimated Property Value

1214 Cypress Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,724 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$281.32 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Laminate

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42167500940150000
Lot Number15
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 9 1ST SEC BLK 94 LOT 15 INT201900159077 DD06192019 CO-DC 1675009401500 3CR16750094
Census Tract019215
Assessed Land Value$100,000
Assessed Improvement Value$286,240
Assessment Year2025

About this property

Welcome to 1214 Cypress Dr, a stunning Richardson Heights updated home located in the heart of Richardson ISD and DFW with easy access to major highways, shopping, dinging and more. This beautifully maintained property offers an impressive 1,724 square feet of living space, ensuring ample room for relaxation and entertainment. With three spacious bedrooms and three full bathrooms, each thoughtfully designed, this home perfectly accommodates both family living and hosting guests. Step inside to discover a harmonious blend of laminate and carpet flooring, providing comfort and elegance throughout. Located on a large corner lot adds an element of privacy and charm. The kitchen is a culinary delight, featuring a quartz countertops, ample storage, breakfast bar, eat-in area, and stainless steel appliances. Kitchen opens to living room with electric fireplace and flows perfectly into dining space with a great mix of windows allowing for natural light throughout. The primary bedroom with ensuite bathroom offers a luxurious retreat with a double sink setup and a separate shower, ensuring a spa-like experience. The additional bathrooms are equally well-appointed, catering to family and guest needs with style. Outside, enjoy the tranquility of the back yard and the inviting deck, ideal for outdoor gatherings and leisure. This home is equipped with modern comforts such as air conditioning, central AC, central heating, and gas heat, ensuring year-round comfort, recently replaced in June of this year with 10 year warranty. Don't miss the opportunity to make this exceptional home yours. Schedule a viewing today and experience the perfect blend of comfort, style, and functionality at 1214 Cypress Dr.

Investor Tools

Property Icon
$467,000
Estimated Property Value
$376,586Estimated Mortgage Balance
$90,414Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,374
$386,240
2025
$100,000
$286,240
$386,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,374
$386,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$381,600
No
First
Aug 15, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,586
$90,414
19%
81%
$2,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,288/mo
$-248/mo
5.2%

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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