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$375,000

308 S Grove Road, Richardson, TX, 75081

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.02 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven
FlooringCarpet, Laminate, Wood

Exterior

Lot Size1,000 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42014500100170000
Lot Number17
SubdivisionAzalea Park
Land UseResidential
Legal DescriptionAZALEA PARK BLK 10 LT 17 INT202400264419 DD12272024 CO-DC 0145001001700 3CR01450010
Census Tract019102
Assessed Land Value$120,000
Assessed Improvement Value$182,000
Assessment Year2025

About this property

Beautifully updated single-story home in the heart of Richardson! Located in the established Azalea Park neighborhood and zoned to Richardson ISD, this 3-bedroom, 2-bath residence offers approximately 1,744 square feet of versatile living space with 3 living areas, mature shade trees, and a highly desirable location near US-75, George Bush Turnpike, CityLine, and countless dining and shopping destinations. Inside, you'll find rich hardwood flooring, abundant natural light, updated lighting fixtures, fresh neutral finishes, and a flexible floor plan designed for today's lifestyle. The spacious living and dining areas are ideal for entertaining, while oversized windows create a bright and welcoming atmosphere throughout the home. The kitchen features extensive cabinetry, generous counter space, double ovens, an electric cooktop, microwave, dishwasher, and a functional layout that seamlessly connects to the adjacent living areas. The primary suite offers comfortable accommodations and easy access to a beautifully updated bathroom. Two additional bedrooms provide flexibility for family, guests, or remote work needs. Thoughtful storage solutions, built-in features, and move-in-ready condition make this home stand out from the competition.Outside, enjoy a generously sized lot shaded by mature trees, established landscaping, and a rear-entry two-car garage with additional parking space. The location provides convenient access to major highways, employment centers, parks, schools, shopping, restaurants, and entertainment throughout Richardson and the greater Dallas area. Whether you're searching for a move-in-ready home, a spacious single-story floor plan, or a property in Richardson ISD with flexible living spaces and timeless appeal, 308 S Grove Road delivers exceptional value and convenience.

Investor Tools

Property Icon
$384,000
Estimated Property Value
$0Estimated Mortgage Balance
$90,788Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,304 /month
Positive
Cash Flow Estimate:
$768 /month

Interested in this property?

Pam Matlock

Matlock Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$431/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,250
$302,000
2025
$120,000
$182,000
$302,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,250
$302,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Unitas Funding Llc
Commercial
$301,250
No
First
Dec 27, 2024
Jan 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,212
$90,788
23%
76%
$1,807/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,807/mo
+$503/mo
7.2%

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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308 S Grove Road | Property Details | No Agent List