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$586,000

NAL Estimated Property Value

1319 Cherokee Dr, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,942 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$272.91 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Tankless Water Heater
FlooringCeramic Tile, Vinyl

Exterior

Lot Size9,000 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42179501610080000
Lot Number8
SubdivisionRichardson Heights 1st Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 15 1ST SEC BLK 161 LT 08 INT202300083076 DD04272023 CO-DC 1795016100800 3CR17950161
Census Tract019205
Assessed Land Value$270,000
Assessed Improvement Value$209,600
Assessment Year2025

About this property

Welcome home to this gorgeous NORTH Facing ranch style one-story, 4 bedrooms, 2 bath home, located in highly sought-after Reservation. The spacious floor plan features 3 living areas which includes a formal living area, a cozy den with Gas fireplace, and a oversized gameroom leading to the patio and backyard. Recent updates include cast iron plumbing removed and replaced with pvc piping throughout home 2-23. Foundation reinforcements completed 2-23, interior-exterior painted 3-23, Luxury vinyl plank installed, and new decorative light fixtures throughout home. Plenty original details adding to the character and beauty of the home were left in to make this home a one of a kind. Beautiful eat-in kitchen with white cabinets and granite countertops. Large grassy backyard provides the perfect spot for fun with family and friends. Walking distance to mimosa Park (walking trails, tennis courts, playground). The only thing missing from this home is it's new family. Don't miss out!

Investor Tools

Property Icon
$586,000
Estimated Property Value
$483,946Estimated Mortgage Balance
$102,054Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,516 /month
Positive
Cash Flow Estimate:
$1,172 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$987/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,912
$479,600
2025
$270,000
$209,600
$479,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,912
$479,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$513,000
No
First
Apr 27, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$483,946
$102,054
17%
83%
$3,076/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$3,076/mo
$-1,036/mo
4.2%

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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1319 Cherokee Dr | Property Details | No Agent List