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$451,000

1709 Elk Grove Dr, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.09 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Gas Water Heater, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Laminate, Vinyl

Exterior

Lot Size7,700 sqft

Building Information

Year Built1979
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42011500240040000
Lot Number4
SubdivisionArapaho East 3rd
Land UseResidential
Legal DescriptionARAPAHO EAST 5 3RD INST BLK 24 LOT 4 INT202300145466 DD07202023 CO-DC 0115002400400 3CR01150024
Census Tract019037
Assessed Land Value$90,000
Assessed Improvement Value$320,180
Assessment Year2025

About this property

DON'T MISS OUT...This home is priced to sell with so much potential for the right family that wants take on a DIY project and take advantage of the North Texas market. Some minor fixes on this home could result into a strong producing rental or Airbnb as it is situated within minutes of the HWY 75 & 190 Corridor. Home features 4 bedrooms(all upstairs), 2 full baths upstairs and half bathroom down.Also features 2 downstairs living areas both with gas fireplaces. The bones of this home are good and strong as the foundation, plumbing, Trane HVAC and roof are in good condtion. Out of town seller does not want to proceed with any repairs, but home does need interior texturing and painting, windows and master shower needs cosmetic work.Home conveys with Refrigerator, Washer and Dryer if requested. Walking distance to Yale Elementary. One of the greatest features of this home is the 28 x 12 backyard covered patio which is made of cedar with two ceiling fans. NEW ROOF INSTALLED JULY 1

Investor Tools

Property Icon
$451,000
Estimated Property Value
$972,000Estimated Mortgage Balance
$0Estimated Equity
-116% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,706 /month
Positive
Cash Flow Estimate:
$902 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$933/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,944
$410,180
2025
$90,000
$320,180
$410,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,944
$410,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Susser Bank
Building Or Construction Loan
$972,000
No
First
Feb 29, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$932,503
N/A
0%
207%
$5,828/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$5,828/mo
$-2,818/mo
8.0%

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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1709 Elk Grove Dr | Property Details | No Agent List