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B+
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Days17Days on Market
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$539,000

$550,000

1317 Elk Grove Dr, Richardson, TX, 75081

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.67 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run
Lot Size7,700 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42010500180040000
Lot Number4
SubdivisionArapaho East 2nd Inst Rev
Land UseResidential
Legal DescriptionARAPAHO EAST 5 2ND INST REV BLK 18 LOT 4 VOL2002232/9341 DD05312001 CO-DC 0105001800400 34201050018
Census Tract019037
Assessed Land Value$100,000
Assessed Improvement Value$388,660
Assessment Year2025

About this property

Move right into this beautifully updated home located in a highly desirable neighborhood just a quick walk to the park, playground, and elementary school. Filled with natural light, this home offers amazing updates throughout the whole home! The fully renovated kitchen features modern finishes and opens seamlessly to the breakfast area and sunroom, making it perfect for entertaining. Plantation shutters throughout the home add timeless charm and elegance. The luxurious primary suite includes two closests and a stunning updated ensuite bathroom with a large walk-in shower with three shower heads, creating a true spa-like retreat. Step outside to enjoy the covered patio overlooking the sparkling pool, recently replastered with a high-end pebble finish and retiled for a fresh, modern look. The backyard also offers grassy space for pets, play, or gardening. With extensive updates, abundant natural light, and a move-in ready condition, this home combines comfort, style, and an unbeatable location. DO NOT CONTACT LA 1 Leonard Thomas

Investor Tools

$186,322Estimated Mortgage Balance
$358,382Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

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Leonard Thomas

RE/MAX Premier

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$593/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,398
$488,660
2025
$100,000
$388,660
$488,660
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,398
$488,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$203,650
No
First
Nov 9, 2021
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,322
$302,338
61%
34%
$1,221/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,221/mo
+$1,789/mo
6.6%

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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1317 Elk Grove Dr | Property Details | No Agent List