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$399,900

1901 Cornell Dr, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,906 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.81 / sqft
Year BuiltBuilt in 1975

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, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size9,875 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42250500130260000
Lot Number26
SubdivisionUniversity
Land UseResidential
Legal DescriptionUNIVERSITY ESTATES 5 BLK 13 LT 26 INT202400014398 DD01232024 CO-DC 2505001302600 3CR25050013
Census Tract019023
Assessed Land Value$100,000
Assessed Improvement Value$297,550
Assessment Year2025

About this property

Introducing this charming 4-bd, 2-bath residence in the heart of Richardson Independent School District. Situated on a spacious corner lot, this home offers a perfect blend of comfort and convenience. With approximately 1,906 square feet of living space, this home provides room for the whole family. The 2-car garage ensures ample parking and storage, while the 8-foot board-on-board privacy fence with an electric gate ensures security and peace of mind. This home boasts several recent updates, including fresh paint, a new HVAC system, and a new garage door. The roof was replaced in 2016, adding to the long-term durability of the property. . Additional modern touches include new light fixtures, a camera system for added security, window blinds, and a microwave. The stainless steel refrigerator is included, as well as a convenient storage shed for all your outdoor equipment. You will be hard pressed to find a similar home in this immediate area priced this low! Make an offer today

Investor Tools

Property Icon
$408,000
Estimated Property Value
$287,700Estimated Mortgage Balance
$126,230Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,448 /month
Positive
Cash Flow Estimate:
$816 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
$25/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,446
$397,550
2025
$100,000
$297,550
$397,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,446
$397,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$287,700
No
First
Mar 21, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,770
$126,230
30%
69%
$1,725/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,750/mo
+$1,260/mo
8.9%

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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1901 Cornell Dr | Property Details | No Agent List