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$582,000

NAL Estimated Property Value

1224 Cherokee Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,736 Sq Ft
price_per_sqft$360.02 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Ice Maker, Microwave, Vented Exhaust Fan
FlooringCeramic Tile, Hardwood, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size11,250 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42190501550170000
Lot Number17
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH1 BLK 155 LOT 17 INT202500043037 DD02282025 CO-DC 1905015501700 3CR19050155
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$247,340
Assessment Year2025

About this property

MULTIPLE OFFERS. PLEASE PRESENT HIGHEST AND BEST BY MONDAY FEB 3 AT 4PM. Beautifully updated 3-bedroom, 2.5-bath home nestled Richardson’s highly sought-after Reservation neighborhood, feeding to top-rated Mohawk Elementary. As you step inside, you’ll be greeted by natural light and gorgeous hardwood floors that flow seamlessly throughout the home. The updated kitchen with stylish modern finishes, offers both good looks and functionality with plenty of counter space, a walk-in pantry and a storage closet. There are two dining areas; the eat in breakfast area and the larger formal dining room. The formal living area currently is used as a study to work from home. The spacious living room features a cozy wood-burning fireplace, perfect for relaxing evenings at home. The newly built-in cabinets and desk allow for hiding books, toys, games... and keeping organized. The king-sized primary bedroom has two closets and the en-suite bath has been thoughtfully renovated, creating a serene retreat with stylish touches. A stackable washer and dryer area is in the hallway conveniently located to all bedrooms. This home also has a half bath for guests, which you don't always see in this neighborhood. The secondary bedrooms share a jack and jill bath. The large, pool-sized backyard is ideal for entertaining, gardening, throwing the ball, or simply enjoying the outdoors. The board on board fence offers maximum privacy. With its perfect combination of charm, updates, and location, this home is a total gem! SHOWINGS BEGIN ON SATURDAY FEB 1st

Investor Tools

Property Icon
$582,000
Estimated Property Value
$107,567Estimated Mortgage Balance
$474,433Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$957/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,569
$547,340
2025
$300,000
$247,340
$547,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,569
$547,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$110,000
No
First
Feb 28, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,567
$474,433
81%
18%
$660/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$660/mo
+$1,380/mo
4.2%

City: Richardson

1224 Cherokee Dr | Property Details | No Agent List