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$394,999

1231 Ridgeway Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,734 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$227.8 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Wine Cooler
FlooringTile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42163501100010000
SubdivisionRichardson Heights 4th Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 7 4TH SEC BLK 110 LOT 1 INT201900153009 DD04222019 CO-DC 1635011000100 3CR16350110
Census Tract019214
Assessment Year2025

About this property

Welcome to this beautifully renovated 3-bedroom, 2 full-bath home located in the heart of Richardson, TX. Perfectly situated with easy access to I-635, US-75, Dallas North Tollway, and President George Bush Turnpike, this home offers unmatched convenience for both work and play. Just minutes from UT Dallas, as well as shopping, dining, and entertainment. The property features a spacious driveway that fits up to four vehicles, plus a two-car garage for additional parking and storage. Inside, you’ll find brand-new flooring, updated countertops, and a stylish modern electric fireplace that anchors the living space. The kitchen is truly a chef’s dream, showcasing a large island, new stainless-steel appliances, including a gas range, microwave, dishwasher, and built-in beverage cooler. A generous dining area provides the perfect setting for gatherings and everyday meals. Upstairs, the home offers an additional game room and a dedicated office, ideal for remote work, entertaining, or flexible living needs. The thoughtfully designed layout allows for comfort and versatility throughout. Step outside to a large backyard with an 8-foot privacy fence, located on a corner lot, offering plenty of space for entertaining, play, or relaxing in total privacy. This move-in-ready home combines modern updates, flexible living spaces, and a prime Richardson location—making it a rare and exceptional find.

Investor Tools

Property Icon
$382,000
Estimated Property Value
$372,150Estimated Mortgage Balance
$0Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,913
$362,880
2025
N/A
N/A
$362,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,913
$362,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Discover Bank
Stand Alone Second / Subordinate Position
$80,000
No
First
Nov 4, 2024
Nov 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,861
N/A
0%
117%
$2,712/mo

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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1231 Ridgeway Dr | Property Details | No Agent List