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B+
NoAgentList RatingHow are grades calculated?Info

$560,000

1701 Richlen Way, DeSoto, TX, 75115

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,245 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.79 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size14,461 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN20103770030030000
Lot Number3
SubdivisionThorntree
Land UseResidential
Legal DescriptionTHORNTREE PH 3 BLK 3 LT 3 INT202300194838 DD09212023 CO-DC 1037700300300 4CS10377003
Census Tract016638
Assessed Land Value$112,500
Assessed Improvement Value$361,900
Assessment Year2025

About this property

Perfect for entertaining, 1701 Richlen Way offers 3,245 square feet of living space, and a spacious backyard with golf course views. Located on the 9th hole of the Thorntree Golf Course, this Executive Estate sits on a .33 acre corner lot in one of DeSoto’s finest gated communities. This property boasts an exquisite wrought iron front entrance, wood floors in living and high-traffic areas, and ample natural light. Chef’s kitchen features a raised bar island, extensive counter space, convenient communication station, dual sinks, and electric cooktop. Large owner’s suite offers a vanity unit, private en-suite bath with walk-in shower, and an expansive walk-in closet. Sizable room adjacent to the primary suite is ideal for a nursery or second office. Residents enjoy HOA amenities like security, clubhouse amenities, tennis courts, and golf lessons. This gated community is a brisk 7 minute jaunt from the elegant Thorntree Country Club. Visit this move-in ready home today!

Investor Tools

Property Icon
$560,000
Estimated Property Value
$466,396Estimated Mortgage Balance
$116,256Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,360 /month
Positive
Cash Flow Estimate:
$1,120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,235/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,016
$474,400
2025
$112,500
$361,900
$474,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,016
$474,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Unknown
$466,396
No
First
Sep 21, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,744
$116,256
20%
79%
$2,797/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$3,597/mo
$-947/mo
5.7%

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: DeSoto

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