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$515,230

NAL Estimated Property Value

1401 Potomac Drive, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,550 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.69 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal

Exterior

Lot Size11,570 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42104100050320000
Lot Number32
SubdivisionMarlborough Square Sec
Land UseResidential
Legal DescriptionMARLBOROUGH SQUARE SEC 1 BLK E LOT 32 INT202200171071 DD06172022 CO-DC 1041000503200 3CR10410005
Census Tract019024
Assessed Land Value$120,000
Assessed Improvement Value$395,230
Assessment Year2025

About this property

This beautifully maintained 4-bedroom, 3-bathroom home sits on a desirable corner lot in East Richardson, offering both space and flexibility. The thoughtfully designed floor plan features a private 4th bedroom tucked away on one side of the home—perfect for guests, a home office, or multigenerational living. Inside, you’ll find upgraded luxury vinyl flooring that adds both style and durability throughout the main living areas. Formal dining is currently being utilized as an office giving you flexibility to use as best needed for your lifestyle. Step outside to a large backyard with plenty of room to relax or entertain, complete with a chicken coop that can stay or be removed based on your preference. This home combines comfort, functionality, and unique charm in a prime location. Schedule your private showing today.

Investor Tools

Property Icon
$515,230
Estimated Property Value
$333,582Estimated Mortgage Balance
$181,648Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,091 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$898/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,205
$515,230
2025
$120,000
$395,230
$515,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,205
$515,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$359,920
No
First
Jun 17, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,582
$181,648
35%
65%
$2,158/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,158/mo
+$852/mo
7.0%

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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1401 Potomac Drive | Property Details | No Agent List