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$455,000

NAL Estimated Property Value

1612 Lorrie Drive, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,254 Sq Ft
price_per_sqft$318.98 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size8,125 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42120500040010000
Lot Number1
SubdivisionNorthway Acres
Land UseResidential
Legal DescriptionNORTHWAY ACRES 1 BLK 4 LOT 1 INT202200168535 DD06152022 CO-DC 1205000400100 3CR12050004
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$350,000
Assessment Year2025

About this property

Completely remodeled West Richardson beauty sitting on a large corner lot! Upon entry you're greeted by rich hardwood floors with random length planks, adding trendy character to the home. The stylish modern kitchen steals the show! The combination of navy lower cabinets with bright white upper cabinets add tons of contemporary character to the space. No detail was overlooked in the remodel, featuring sleek quartz countertops, butcher block island, stainless steel appliances, shaker cabinets, tile backsplash and LED recessed lighting. You'll love the convenience of owning one of the few homes in the area with a full walk-in pantry. Master suite features dual vanities, spacious walk-in tile shower and updated fixtures. Enjoy the HUGE backyard from a cozy covered patio. Detached shed gives you more storage space. Brand new white exterior paint helps to give the home great curb appeal for years to come, and new tankless HWH and new electrical panel add peace of mind and long-term savings!

Investor Tools

Property Icon
$455,000
Estimated Property Value
$377,865Estimated Mortgage Balance
$77,135Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,730 /month
Positive
Cash Flow Estimate:
$910 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,016/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,921
$455,000
2025
$105,000
$350,000
$455,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,921
$455,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$407,700
No
First
Jun 15, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,865
$77,135
16%
83%
$2,445/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,445/mo
$-405/mo
5.4%

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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1612 Lorrie Drive | Property Details | No Agent List