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$490,000

3 Merrie Cir, Richardson, TX, 75081

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.33 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size9,590 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42005500060230000
Lot Number23
SubdivisionArapaho East Sec
Land UseResidential
Legal DescriptionARAPAHO EAST SEC 2 BLK 6 LOT 23 INT202300084465 DD04272023 CO-DC 0055000602300 3CR00550006
Census Tract019037
Assessed Land Value$95,000
Assessed Improvement Value$413,100
Assessment Year2025

About this property

This is not your typical 1972 home. A thoughtful modern renovation opened up the entire main level into a bright, flowing space anchored by a striking open-riser staircase and a kitchen made for gathering, with a waterfall island, crisp white cabinetry, and clean contemporary finishes. Vaulted ceilings and walls of natural light give the living and dining areas an airy, elevated feel you have to experience in person. The layout is the kind people look for and rarely find. All of the bedrooms sit upstairs, giving you a quiet, private level set apart from the action, while the entire downstairs opens up for entertaining and everyday living. Flow from the kitchen and living areas straight out to your private backyard with a sparkling in-ground pool and plenty of room to host, then retreat upstairs when the day is done. The bedrooms are generous and full of light, with updated bathrooms that carry the same modern design through the home. Outside, the pool anchors a true blank-canvas yard ready for whatever you imagine, and the 2 car garage adds real storage and function. All of this sits in one of Richardson's most established pockets, directly served by Yale Elementary and zoned to Richardson ISD, just minutes from 75 and President George Bush, with parks, trails, and dining close by. A renovated home with a pool and a layout this livable does not come along often here.

Investor Tools

Property Icon
$508,100
Estimated Property Value
$449,100Estimated Mortgage Balance
$85,901Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,049 /month
Positive
Cash Flow Estimate:
$1,016 /month

Interested in this property?

Jordan Bellinger

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$667/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,468
$508,100
2025
$95,000
$413,100
$508,100
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,468
$508,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crystal Clear Mortgage Llc
Conventional
$449,100
No
First
Apr 27, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$422,933
$85,167
16%
83%
$2,693/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,693/mo
$-383/mo
5.5%

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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3 Merrie Cir | Property Details | No Agent List