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$304,900

2114 Grove Park Ln, Richardson, TX, 75080

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,626 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$187.52 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size1,134 sqft

Building Information

Year Built2007
Stories3
Roof Type105
Garage Spaces2

Land Information

APN421010300D0050000
Lot Number5
SubdivisionLake Park
Land UseResidential
Legal DescriptionLAKE PARK EST & UNIVERSITY WORLD BLK D LT 5 INT202100074287 DD03122021 CO-DC 1010300D00500 3CR1010300D
Census Tract019205
Assessed Land Value$80,000
Assessed Improvement Value$291,630
Assessment Year2025

About this property

Exquisite 2 Bedroom Townhome in Lake Park Estates! This gated community is close to major highways, UTD, restaurants, shopping, and so much more. The first floor has a flex space that would be perfect for an office, study, or gym. This home has beautiful wood floors in the kitchen and living areas with carpet in the bedrooms. The kitchen has granite counter tops, stainless appliances, beautiful cabinetry, and plenty of space. The master bedroom has a cozy fireplace and the master bath boasts a large garden tub. Three parking spaces are included with a two car garage and one additional parking conveniently in front of the front door.

Investor Tools

Property Icon
$371,630
Estimated Property Value
$210,000Estimated Mortgage Balance
$182,430Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,230 /month
Positive
Cash Flow Estimate:
$743 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$830/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,103
$371,630
2025
$80,000
$291,630
$371,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,103
$371,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$210,000
No
First
Mar 12, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,200
$182,430
49%
51%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$1,560/mo
+$60/mo
5.2%

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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2114 Grove Park Ln | Property Details | No Agent List