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A+
NoAgentList RatingHow are grades calculated? Info

$385,000

1309 Chippewa Drive, Richardson, TX, 75080

$500,500 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.26 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,125 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42179501630160000
Lot Number16
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 15 1ST SEC LT 0016 BLK163 INT201800331064 DD12172018 CO-DC 1795016301600 3CR17950163
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$223,040
Assessment Year2025

About this property

CHARMING SINGLE STORY IN HIGHLY SOUGHT AFTER RESERVATION! GRANITE, SS APPLS, PLANTATION SHUTTERS, & CHOICE OF SCHOOLS! White Kitchen w Granite, Subway Tile Backsplash, SS Appls - Gas Cooktop, Dishwasher, BI Micro. Family has Built Ins, Gas Log Brick FP, Beams on Ceiling & Wood Panels. Formal Dining w Plantation Shutters & Recessed Lights. MBR has Tray Ceiling, Plantation Shutters, Dual Sinks & Walk-In Closet. Three 2nd BR each w Plantation Shutters. 2 Add Full Baths. Sunroom has Plantation Shutters & Tile Floors. Backyard Patio to Grassy Back yard w Mature Tree. Oversized 2 Car Garage has Ext Door. Roof & Gutters 2017, Garage Door 2017, AC - 1 unit replaced 2015, Vinyl Siding & Soffits 1995 (50 year warranty)

Investor Tools

Property Icon
$668,000
Estimated Property Value
$0Estimated Mortgage Balance
$363,513Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$500,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,008 /month
Positive
Cash Flow Estimate:
$1,336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$942/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,959
$523,040
2025
$300,000
$223,040
$523,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,959
$523,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$332,805
No
First
Nov 17, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,487
$363,513
54%
46%
$1,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,996/mo
+$44/mo
3.7%

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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1309 Chippewa Drive | Property Details | No Agent List