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$463,000

NAL Estimated Property Value

1219 Cherrywood Drive, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,619 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$243.98 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,348 sqft

Building Information

Year Built1958
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42166500680050000
Lot Number5
SubdivisionRichardson Heights 2nd Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 8 2ND SEC BLK 68 LT 5 INT202100224344 DD07262021 CO-DC 1665006800500 3CR16650068
Census Tract019215
Assessed Land Value$100,000
Assessed Improvement Value$361,240
Assessment Year2025

About this property

Charming 3 bedroom home on a friendly, tree-lined street in sought after Richardson Heights. Two living areas, updated kitchen and master bath, solid oak floors throughout. Kitchen has granite counters and 5-burner gas stove, Carrera marble backsplash, SS appliances and pantry. Family room w vaulted ceilings, fireplace with gas logs and French doors to patio and backyard. Master bath recently remodeled with oversized shower, and gorgeous tile. Large backyard. Oversized driveway for extra parking or play area. Roof and siding replaced in 2017. HVAC and insulation replaced in 2018. Gutters w leaf guards replaced in 2019. Feeds to Arapaho Classical.

Investor Tools

Property Icon
$463,000
Estimated Property Value
$330,958Estimated Mortgage Balance
$132,042Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,778 /month
Positive
Cash Flow Estimate:
$926 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$835/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,704
$461,240
2025
$100,000
$361,240
$461,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,704
$461,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$364,500
No
First
Jul 26, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,958
$132,042
28%
71%
$2,186/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,186/mo
$-146/mo
5.3%

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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1219 Cherrywood Drive | Property Details | No Agent List