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$415,000

1308 Chippewa Drive, Richardson, TX, 75080

$511,932 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,984 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.17 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size10,080 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42179501670050000
Lot Number5
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 15 1ST SEC 00167 LT 0005 INT202200112005 DD04202022 CO-DC 1795016700500 3CR17950167
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$207,490
Assessment Year2025

About this property

CHARMING SINGLE STORY IN HIGHLY SOUGHT-AFTER RESERVATION AREA! QUIET NEIGHBORHOOD W EXCEPTIONAL SCHOOLS! Great Curb Appeal with Lush Landscaping & Mature Trees. This home features a Formal Living or Dining Room. Family Room with Wood Paneling, Stacked Stone Fireplace & Vaulted, Beamed Ceiling. Kitchen offers Abundance of Built-In Cabinetry, Gas Range, Dishwasher & Microwave. Breakfast Area has Built-In Hutch & Window Seat. 4 Bedrooms share 2 Full Size Bathrooms. 19x14 Enclosed Patio with Window AC Unit provides Extra Living Space. Quiet Backyard features Covered Patio, Wood Deck, Mature Shade Trees & 7x9 Storage Shed all surrounded by Wood Fence. 2 Car Rear Garage has Work Table & Closet with Additional Work Space and Storage. Carport provides Covered Parking for 2 Additional Cars. Updated Electrical Panel Box - 2013, Roof - 2016, AC - 2009, Furnace - 2002, Windows - 2007. DON'T MISS THIS GEM!

Investor Tools

Property Icon
$604,000
Estimated Property Value
$0Estimated Mortgage Balance
$165,086Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$511,931
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,624 /month
Positive
Cash Flow Estimate:
$1,208 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$965/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,560
$507,490
2025
$300,000
$207,490
$507,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,560
$507,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$475,300
No
First
Apr 20, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$438,914
$165,086
27%
73%
$2,850/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$2,850/mo
$-190/mo
5.3%

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.

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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1308 Chippewa Drive | Property Details | No Agent List