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$319,000

1607 University Drive, Richardson, TX, 75081

$414,700 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,378 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.15 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size8,640 sqft

Building Information

Year Built1970
Stories2
Roof Type105
Garage Spaces4

Land Information

APN42245500020310000
Lot Number31
SubdivisionUniversity
Land UseResidential
Legal DescriptionUNIVERSITY ESTATES 1 REV BLK 2 LOT 31 INT202000250468 DD09152020 CO-DC 2455000203100 3CR24550002
Census Tract019023
Assessed Land Value$100,000
Assessed Improvement Value$341,100
Assessment Year2025

About this property

Welcome to this incredible, well maintained 4 bedroom, 2.5 bathroom home in the heart of Richardson. This magnificent home in Richardson ISD has so much to offer. A spacious owners suite also has an additional room that can be used as an office, crafts area, or whatever your heart desires. With 2 living spaces and updates to the kitchen this home is ready for entertaining. Step outside and feel like you are in paradise. A sparkling pool, covered patio area, and lots of space begs you to enjoy the outdoors. You'll also find plenty of extra parking with a long driveway and extended carport. Residents enjoy being close to shopping, dining, entertainment and Huffhines Park. TAKE A SPLASH INTO YOUR NEW HOME!

Investor Tools

Property Icon
$465,000
Estimated Property Value
$0Estimated Mortgage Balance
$195,213Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$414,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$729/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,423
$441,100
2025
$100,000
$341,100
$441,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,423
$441,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$303,050
No
First
Sep 15, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,787
$195,213
41%
58%
$1,817/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,817/mo
+$1,193/mo
7.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1607 University Drive | Property Details | No Agent List