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$397,000

NAL Estimated Property Value

1906 Serenade Ln, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,802 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.17 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringLaminate

Exterior

Lot Size12,375 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42228500090190000
Lot Number19
SubdivisionSpring Ridge
Land UseResidential
Legal DescriptionSPRING RIDGE 6 BLK I LOT 19 VOL2002113/9393 DD03012002 CO-DC 2285000901900 34222850009
Census Tract019024
Assessed Land Value$90,000
Assessed Improvement Value$230,480
Assessment Year2025

About this property

This stunning home offers the perfect blend of comfort and convenience. Nestled in the heart of Richardson ISD near schools, major highways, and an abundance of shopping and dining. Real estate is all about location, location, location. The home showcases 3br and 2b with spacious dining and living rooms perfect for entertaining. The storage building in the rear will provide covering for all your tools and lawn equipment also!

Investor Tools

Property Icon
$397,000
Estimated Property Value
$52,858Estimated Mortgage Balance
$344,142Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,382 /month
Positive
Cash Flow Estimate:
$794 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$748/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,988
$320,480
2025
$90,000
$230,480
$320,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,988
$320,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lehman Brothers Bank Fsb
Credit Line (Revolving) / Heloc
$106,400
No
First
Jan 31, 2007
Feb 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,858
$344,142
86%
13%
$638/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$638/mo
+$1,672/mo
7.0%

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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1906 Serenade Ln | Property Details | No Agent List