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$380,000

NAL Estimated Property Value

1218 Ridgeway Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,724 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.23 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Double Oven, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size7,171 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42163500770050000
Lot Number5
SubdivisionRichardson Heights 4th Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 7 4TH SEC BLK 77 LT 5 INT202200203117 DD07222022 CO-DC 1635007700500 3CR16350077
Census Tract019214
Assessed Land Value$120,000
Assessed Improvement Value$260,000
Assessment Year2025

About this property

Nestled in the heart of the highly sought-after Richardson Heights community. This charming home sits on a mature, tree-lined street and is just a short walk from Dover Elementary, making it an ideal spot for families or anyone seeking a tight-knit neighborhood vibe. Inside, you’ll find a smart and functional layout featuring a cozy fireplace, designated dining area, and plenty of natural light. The kitchen offers great cabinet space and opens to a spacious covered patio—perfect for grilling or relaxing with friends and family on cool Texas evenings. The garage is partially converted and includes heating and air conditioning, offering flexible space for a home gym, workshop, or bonus room. It can also easily be reverted back into a traditional garage if desired. New roof (2019) HVAC and water heater (2015), and recently upgraded windows throughout. This home truly gives off that warm, homey feeling and is ready for its next owner. Don't miss the opportunity to own a well-cared-for home in one of Richardson’s most established and beloved neighborhoods!

Investor Tools

Property Icon
$380,000
Estimated Property Value
$359,062Estimated Mortgage Balance
$20,938Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$881/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,675
$380,000
2025
$120,000
$260,000
$380,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,675
$380,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vip Independent Mortgage Inc
Fha
$363,298
Yes
First
Sep 10, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,062
$20,938
5%
94%
$2,179/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,179/mo
$-139/mo
6.4%

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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1218 Ridgeway Dr | Property Details | No Agent List