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$417,000

NAL Estimated Property Value

1221 Magnolia Dr, Richardson, TX, 75080

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,460 Sq Ft
price_per_sqft$1.08 / sqft
Year BuiltBuilt in 1959

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size8,000 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42167501000050000
Lot Number5
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 9 1ST SEC BLK 100 LOT 5 VOL90214/3629 EX102490 CO-DALLAS 1675010000500 34216750100
Census Tract019215
Assessed Land Value$100,000
Assessed Improvement Value$266,990
Assessment Year2025

About this property

Lovely 3 bedroom, 2 bath close to Richardson High School. Kitchen comes with cabinets, granite counter tops, appliances and tile flooring. Fenced in back yard with lots of space. Hardwoods throughout most of the home.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,882
$366,990
2025
$100,000
$266,990
$366,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,882
$366,990

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$417,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
N/A
+$2,040/mo
5.9%

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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1221 Magnolia Dr | Property Details | No Agent List