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$443,000

1715 Elk Grove Drive, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.11 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

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
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters

Building Information

Year Built1977
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42011500240010000
SubdivisionArapaho East 3rd
Land UseResidential
Legal DescriptionARAPAHO EAST 5 3RD INST BLK 24 LT 1 INT202000127864 DD05122020 CO-DC 0115002400100 3CR01150024
Census Tract019037
Assessment Year2025

About this property

You see the pride in ownership in this spectacular home with a new iron front door on a corner lot w 6 zones of irrigation. Mature trees throughout. This 4 bed, 2.5 bath in Richardson ISD has an open floor plan w natural light throughout. Vaulted ceilings leads to gourmet kitchen with granite countertops. Cozy Living room is perfect for entertaining with wet bar and a wall of windows for views of lush landscaped backyard. Numerous upgrades includes master bath completely updated with skylight for tons of natural light, solid core doors, New back deck. New 40 yr roof-gutters 2020. Updated HVAC, wood flooring and carpet.Large fenced in backyard w covered patio is perfect for relaxing in this quiet neighborhood.

Investor Tools

Property Icon
$443,000
Estimated Property Value
$0Estimated Mortgage Balance
$181,551Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,658 /month
Positive
Cash Flow Estimate:
$886 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,670
$415,940
2025
N/A
N/A
$415,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,670
$415,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Rate Financial Group
Conventional
$296,100
No
First
May 12, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,449
$181,551
40%
59%
$1,776/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,776/mo
+$534/mo
6.3%

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.

Explore Texas Explore This Area
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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1715 Elk Grove Drive | Property Details | No Agent List