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$725,000

1216 Cherokee Dr, Richardson, TX, 75080

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,638 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$274.83 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size11,875 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42190501550130000
Lot Number13
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH1 LT 0013 00155 VOL 83237 PG 2400 CO-DALLAS 5603030401300 34219050155
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$243,220
Assessment Year2025

About this property

PRIDE OF OWNERSHIP abounds in this Colonial style beauty, located in the ever popular neighborhood known as - THE RESERVATION. This home offers character, classic charm, tree lined streets and great living space on a sizable 92x124 estate style lot. The primary suite is on the first floor along with a secondary bedroom, 2 living areas, dining room, kitchen and breakfast room. Upstairs there are 3 spacious bedrooms, one has an ensuite half bath and there is a full size hall bath with a walk in shower as well. Thoughtfully updated with refaced cabinetry and granite counters in the kitchen, updated bathrooms (2021) and a walk in shower in the primary bedroom. The 2nd floor subfloor is made of concrete which is extremely durable and quiet. The plumbing from the house to the street was updated in 2022. The HVAC is a Lennox unit and was updated in 2020. There is a storage shed in the backyard that will remain. The backyard is private with a board on board fence with metal posts that are 8' high across the back and 6' high along the sides. The back patio has been extended and there is a small sidewalk that goes from the backyard around to the front. The driveway was updated in 2020 and extends from the back all the way to the street in the front. Additional features include: hardwood floors on the main floor and staircase, plantation shutters, sprinkler system, insulated garage door, double ovens, gas cooktop & much more! This well built, former model home, is zoned for highly regarded Richardson ISD and is in close proximity to UTD. It sits in a prime location with quick access to Hwy 75, PGB Tollway, restaurants, shopping and many major employers. The washer, dryer and refrigerator will stay. The work bench & safe in the garage will stay. Buyer to purchase survey.

Investor Tools

Property Icon
$725,000
Estimated Property Value
$0Estimated Mortgage Balance
$725,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,350 /month
Positive
Cash Flow Estimate:
$1,450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,195
$543,220
2025
$300,000
$243,220
$543,220
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,195
$543,220

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$725,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
N/A
+$2,660/mo
4.4%

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.

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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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1216 Cherokee Dr | Property Details | No Agent List