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$594,000

NAL Estimated Property Value

1229 Magnolia Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,713 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.12 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage
Lot Size14,976 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42167501000010000
Lot Number1
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 9 1ST SEC BLK 100 LOT 1 1675010000100 34216750100
Census Tract019215
Assessed Land Value$110,000
Assessed Improvement Value$421,330
Assessment Year2025

About this property

Check out this charming ranch-style brick home featuring 4 bedrooms, 3 baths, 3 living areas, and a private upstairs mother-in-law suite on a huge corner lot in coveted Richardson Heights. From the moment you arrive, you will feel right at home with meticulous landscaping, mature trees, a charming planter box beneath the front window, and an adorable front patio. Step inside and fall in love with the pride of ownership found throughout this beautifully maintained one-owner home featuring warm wood floors, traditional crown molding, plantation shutters, abundant natural light, and a fresh neutral palette. Spacious primary suite offers a full bath and huge walk-in closet, while downstairs secondary bedrooms also feature walk-in closets. Main bath showcases a charming coastal rustic vibe. Versatile secondary bedroom with French glass doors and built-in shelving can function as a flex space, office, or guest room. Thoughtfully designed kitchen opens to the living and dining area featuring granite countertops, custom cabinetry with spice rack drawers, turntables, pull-out shelving, stainless steel appliances, and deep stainless sink. Terracotta-look tile entry leads to a large step-down den with coffered ceiling and cozy fireplace perfect for cool evenings. Expansive sunroom with skylights, built-in office space, and backyard views offers endless possibilities for an art studio, reading nook, or work-from-home retreat. Upstairs private mother-in-law suite includes full bath and two oversized walk-in closets. Step outside to your backyard retreat with private courtyard, extended flagstone patio, lush landscaping, covered back porch, charming cottage shed, benches, swings, and space to grill and entertain all summer long. Within walking distance to Richardson West Junior High Arts & Technology Magnet, Arapaho Classical Magnet School, Richardson High School, Mimosa Park, and abundant dining, shopping, and conveniences. Welcome home!

Investor Tools

Property Icon
$594,000
Estimated Property Value
$0Estimated Mortgage Balance
$594,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,599 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,864
$531,330
2025
$110,000
$421,330
$531,330
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,864
$531,330

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$561,000
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
4.1%

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.

Explore Texas Explore This Area
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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1229 Magnolia Dr | Property Details | No Agent List