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$656,000

NAL Estimated Property Value

2202 Shady Creek Dr, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,034 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$326.89 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater
FlooringVinyl

Exterior

Lot Size8,050 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42024500150210000
Lot Number21
SubdivisionCanyon Creek 3rd
Land UseResidential
Legal DescriptionCANYON CREEK 3RD INST BLK 15 LOT 21 INT202500120208 DD05292025 CO-DC 0245001502100 3CR02450015
Census Tract019210
Assessed Land Value$325,000
Assessed Improvement Value$193,430
Assessment Year2025

About this property

Look no further! Located within sight of Canyon Creek Elementary, this home is the perfect blend of style AND all major systems have been updated with applicable city permits. A stud-to-stud renovation in 2025 included replacing all cast iron sewer lines with PVC, new HVAC system, new tankless water heater, new interior water lines, new electrical panel and wiring, new low-E windows and low-E sliding glass door, new sod front and back, new exterior paint and landscaping, newly-poured expanded back patio, and a new fence. Inside, you'll find a gorgeous open plan with all new kitchen - new soft-close cabinetry, SS appliances, quartz counters, and industrial-style sink and faucet! The vaulted-ceiling living area is anchored by a reeded, white oak trim and gets tons of light through ample windows. LVP throughout but for tiled bathrooms and laundry room. Speaking of the laundry room - there's enough room for a 2nd refrigerator and-or mud bench area and features cabinetry on both sides of the room. The bathrooms are stunning with white oak vanities, lighted and heated mirrors, quartz counters, and wait until you see the primary - a HUGE wet room with lighted niche, standalone tub, and the same reeded white-oak finish on the rear wall you find in the living area. The primary bedroom also features dual closets and pendant lighting for reading with bedside switches on both sides. All four bedrooms feature high-output ceiling fans on remotes, walk-in closets, and can lighting. Knurled brass hardware throughout. There's nothing to do but move in to this fantastic home in this fantastic neighborhood! 3D tour linked to listing.

Investor Tools

Property Icon
$656,000
Estimated Property Value
$593,283Estimated Mortgage Balance
$62,717Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,989 /month
Positive
Cash Flow Estimate:
$1,330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$757/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,809
$518,430
2025
$325,000
$193,430
$518,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,809
$518,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$598,500
No
First
Nov 5, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$593,283
$62,717
9%
90%
$3,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$3,589/mo
$-1,549/mo
3.7%

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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2202 Shady Creek Dr | Property Details | No Agent List