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$1,008,000

NAL Estimated Property Value

1416 W Shore Drive, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$316.46 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range
FlooringCeramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size18,778 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42176501400090000
Lot Number9
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 14 BLK 140 LOT 9 INT202300241555 DD11282023 CO-DC 1765014000900 3CR17650140
Census Tract019216
Assessed Land Value$262,500
Assessed Improvement Value$745,500
Assessment Year2025

About this property

Beautifully completly updated hard to find 3 bedroom 2 bathroom home in Richardson’s Heights neighborhood of Richardson ISD. one story home, featuring open floor plan with Spacious living room open to the kitchen featuring new ,gas range, granite counters, Step outside to the backyard which features a covered patio, a deck. large grassy area in the from and in the back that is perfect for kids and pets to play. Situated on a large corner lot with mature trees. Walking distance to schools, parks, and minutes away from dining and shopping and conveniently located near including US-75 and President George Bush Turnpike, making it easy to get around the DFW metroplex.

Investor Tools

Property Icon
$1,008,000
Estimated Property Value
$1,605,342Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,048 /month
Positive
Cash Flow Estimate:
$2,016 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$716/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,549
$1,008,000
2025
$262,500
$745,500
$1,008,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,549
$1,008,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
B1bank
Building Or Construction Loan
$764,000
No
First
Nov 28, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,605,342
N/A
0%
159%
$10,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$10,062/mo
$-7,402/mo
3.2%

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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1416 W Shore Drive | Property Details | No Agent List