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$805,347

NAL Estimated Property Value

242 Meadowlark Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,647 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.01 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Range
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Rain Gutters, Outdoor Grill

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0399-005-0110-1
Lot Number11
SubdivisionPrairie Creek Meadows Addition (Crc)
Land UseResidential
Legal DescriptionPRAIRIE CREEK MEADOWS ADDITION (CRC), BLK E, LOT 11
Census Tract031815
Assessed Land Value$297,000
Assessed Improvement Value$508,347
Assessment Year2025

About this property

Fantastic property on a large corner lot with SPARKLING POOL in a great Canyon Creek location - just steps to Prairie Creek Park. Stylish updates done through the years to modernize the space. High ceilings let in TONS of light! Flexible open floorplan with 3 living areas, 3 bedrooms, 3 full baths, and a covered patio on one side of the house and separate side yard or dog run with seating area and built-in grilling area. Updates throughout like glass-front white cabinetry, granite & quartz counters, gas stove, stacked-stone fireplace, plantation shutters, wood flooring, modern lighting, barn-style doors, stylish wet bar, modern board-on-board fence, glass mosaic backsplash, can lighting, and more. Laundry room with additional storage and counters for folding. Drive-up features beautiful stacked Oklahoma stone, which also surrounds diving pool with beautiful water features. Towering trees and front patio make for a great place to sit and enjoy the neighborhood. 3D tour in links.

Investor Tools

Property Icon
$805,347
Estimated Property Value
$563,637Estimated Mortgage Balance
$241,710Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,832 /month
Positive
Cash Flow Estimate:
$1,611 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,319
$805,347
2025
$297,000
$508,347
$805,347
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,319
$805,347

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Rate Financial Group
Conventional
$580,000
No
First
Oct 10, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$563,637
$241,710
30%
70%
$3,478/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$3,478/mo
$-818/mo
4.0%

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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242 Meadowlark Dr | Property Details | No Agent List