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$2,099,000

1234 Cheyenne Drive, Richardson, TX, 75080

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$483.31 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood, Wood

Exterior

Lot Size10,625 sqft

Building Information

Year Built1963
Stories2
Roof Type105
Garage Spaces1

Land Information

APN42190501560140000
Lot Number14
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH1 BLK 156 LT 14 INT200900311478 DD10302009 CO-DC 1905015601400 3CR19050156
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$162,230
Assessment Year2025

About this property

Welcome to this stunning 4,343 sq ft new construction home in the highly sought-after Reservation neighborhood of Richardson where thoughtful design meets modern luxury. The home’s crisp architectural lines and inviting curb appeal set the tone for what’s inside. Step through the front door into a light-filled interior featuring a highly efficient and functional layout, designed to elevate both everyday living and entertaining. At the heart of the home, the chef’s kitchen is a true showpiece. Outfitted with a full 30 inch refrigerator and separate 30 inch freezer, and a 48 inch dual fuel range, this space offers both style and performance. A built-in dishwasher is complemented by an additional drawer dishwasher tucked conveniently in the pantry perfect for seamless hosting. The oversized island, abundant cabinetry, and refined finishes reflect the home’s exceptional attention to detail. Practicality meets innovation with a dedicated costco door providing direct access from the garage to the pantry making unloading groceries effortless. Every inch of this home has been carefully considered for convenience and livability. The spacious primary suite offers a private retreat, highlighted by operate vanities with linen storage a soaking tub with a walk in shower. The primary closet offers custom storage that includes a stackable washer and dryer for ultimate ease. Secondary spaces are equally well-appointed, ensuring comfort and flexibility for family or guests. Energy efficiency is top-tier with full foam insulation, helping maintain comfort year-round while keeping utility costs in check. Step outside to a generously sized backyard with lush grass ideal for entertaining, play, or simply enjoying the outdoors. Blending high-end features, smart design, and everyday functionality, this home delivers an exceptional living experience in one of Richardson’s most desirable neighborhoods.

Investor Tools

$1,509,022Estimated Mortgage Balance
$420,978Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,594 /month
Positive
Cash Flow Estimate:
$4,198 /month

Interested in this property?

Ethan Stegich

Stegich Group Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,400/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,145
$462,230
2025
$300,000
$162,230
$462,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,145
$462,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Building Or Construction Loan
$1,524,552
No
First
Oct 20, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,509,022
$420,978
21%
78%
$9,141/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$9,141/mo
$-7,101/mo
1.3%

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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1234 Cheyenne Drive | Property Details | No Agent List