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$446,500

NAL Estimated Property Value

1609 Montclair Drive, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.98 / sqft
Year BuiltBuilt in 1977

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 Oven, Gas Cooktop, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,000 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42012800360080000
Lot Number8
SubdivisionArapaho East Rev
Land UseResidential
Legal DescriptionARAPAHO EAST 8 REV BLK 36 LOT 8 INT202000177515 DD07022020 CO-DC 0128003600800 3CR01280036
Census Tract019036
Assessed Land Value$100,000
Assessed Improvement Value$346,500
Assessment Year2025

About this property

$120k in Renovations including Electric Panel 2020, Roof 2020, Pella Windows, Bruce floors, Anderson French Doors, Hardie Board siding, insulation, faucets & fixtures, zoned HVAC 2018, remodeled kitchen & more! This home offers an abundance of character with a modern feel. Vaulted ceilings, gorgeous archways & extensive hardwoods in open living & dining areas. Freshly updated kitchen has granite slab counters, stainless steel applcs, subway tile backsplash & French doors to charming breakfast patio. Downstairs master has dual WIC's & frameless glass shower with decorative waterfall tile surround. Upstairs you'll find 3 big bedrms & a 2nd living area, perfect for Game Rm. Large backyard, covered patio & pergola.

Investor Tools

Property Icon
$446,500
Estimated Property Value
$283,718Estimated Mortgage Balance
$162,782Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,679 /month
Positive
Cash Flow Estimate:
$893 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$186/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$446,500
2025
$100,000
$346,500
$446,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$446,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
S1l Inc
Va
$320,000
Yes
First
Jul 2, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,718
$162,782
36%
64%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,919/mo
+$1,091/mo
8.1%

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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1609 Montclair Drive | Property Details | No Agent List