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$425,000

2946 Forest Hills Ln, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,024 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.98 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built1968
Stories1
Roof Type172
Garage Spaces1

Land Information

APNR-0109-053-0020-1
Lot Number2
SubdivisionCanyon Creek Country Club No 10 (Crc)
Land UseResidential
Legal DescriptionCANYON CREEK COUNTRY CLUB NO 10 (CRC), BLK 53, LOT 2
Census Tract031814
Assessed Land Value$300,000
Assessed Improvement Value$142,000
Assessment Year2025

About this property

Multiple offers received. Open house on Sunday, 4-21, 2-4 pm. Offers to be accepted until 6:00 pm Monday, 4-22. Nestled within the heart of Canyon Creek lies this mid-century modern gem awaiting a discerning eye to restore it to its former glory. Situated near the golf course, elementary school, and Custer Park, this loved house exudes timeless charm and potential. The open-concept layout effortlessly flows, creating an inviting atmosphere, perfect for both entertaining and daily living. While the bones of the house remain solid, it's clear that some cosmetic updates are in order to fully realize its potential. The updated kitchen, with 2 breakfast bars, opens to dining and living, still retaining its mid-century charm. Outside, the backyard beckons with endless possibilities. A spacious patio in the side yard also awaits grilling and al fresco dining. In need of cosmetic revisions, this property is sure to capture the imagination of those with a eye for design. To be sold As-Is.

Investor Tools

Property Icon
$506,000
Estimated Property Value
$232,000Estimated Mortgage Balance
$282,337Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,036 /month
Positive
Cash Flow Estimate:
$1,012 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$389/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,141
$442,000
2025
$300,000
$142,000
$442,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,141
$442,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$232,000
No
First
May 15, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,663
$282,337
55%
44%
$1,391/mo

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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2946 Forest Hills Ln | Property Details | No Agent List