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$2,199,000

$2,250,000

1304 Chippewa Dr, Richardson, TX, 75080

On MarketInfo
Price DropInfo
Beds5 Beds
Baths2 Bath
Baths4,587 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$479.4 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 6Bathrooms Full 6
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Wine Cooler
FlooringHardwood, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size10,080 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42179501670030000
Lot Number3
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 15 1ST SEC BLK 167 LT 3 INT201600156670 DD06092016 CO-DC 1795016700300 3CR17950167
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$257,860
Assessment Year2025

About this property

Stunning new construction in The Reservation, just completed by a local team that understands how today’s buyers want to live. This home blends thoughtful design, high-end finishes, and everyday functionality in one of the area’s most desirable neighborhoods. The main level features wood flooring throughout, excluding baths, with a layout designed for entertaining and daily living. The kitchen is equipped with GE Monogram appliances, including a 48in Pro Dual Fuel Range, 25-cubic-foot refrigerator, dishwasher, and drawer microwave. A massive 10x6 island with waterfall edges, discreet built-in charging stations, and seating for four anchors the space. A separate prep kitchen includes a second dishwasher and supports the main kitchen and entertaining areas. A walk-in pantry, dedicated Costco bulk closet, mudroom, and butler’s pantry provide exceptional storage and functionality. Designer-curated lighting, hardware, tile, and finish selections give the home a cohesive, custom feel throughout. All five bedrooms feature en-suite baths, providing privacy for family and guests. Upstairs, three secondary bedrooms are supported by a full-size utility room, while the primary suite includes a second washer-dryer connection within the closet. A dedicated office connects directly to the primary closet, adding convenience and flexibility. Additional highlights include two full guest baths, one downstairs positioned to serve as a future pool bath and another upstairs off the game room. The low-maintenance backyard features artificial turf and a built-in putting green. A spacious composite deck is topped by a cantilevered roof and includes two ceiling fans, lighting, and prewiring for a TV and speakers. The home is also extensively wired for today’s connected lifestyle. A rare opportunity to own newly completed construction in The Reservation with exceptional space, thoughtful functionality, and the elevated finish buyers expect at this level.

Investor Tools

$1,411,464Estimated Mortgage Balance
$29,949Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,194 /month
Positive
Cash Flow Estimate:
$4,398 /month

Interested in this property?

Chad Hooker

Dallas In Demand Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,329/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,784
$557,860
2025
$300,000
$257,860
$557,860
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,784
$557,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North Dallas Bank & Trust Co
Building Or Construction Loan
$1,423,876
No
First
Nov 11, 2025
Feb 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,411,464
$865,536
38%
98%
$8,537/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$8,537/mo
$-6,497/mo
1.7%

City: Richardson

1304 Chippewa Dr | Property Details | No Agent List