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$769,900

$779,900

3205 Merita Dr, Richardson, TX, 75082

On MarketInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,425 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$224.79 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-3808-00C-0030-1
Lot Number3
SubdivisionSharps Farm (Crc)
Land UseResidential
Legal DescriptionSHARPS FARM (CRC), BLK C, LOT 3
Census Tract032019
Assessed Land Value$200,000
Assessed Improvement Value$495,291
Assessment Year2025

About this property

Beautifully landscaped and ideally located in sought-after Sharps Farm in NE Richardson, this stunning home offers the perfect blend of elegance, comfort, and convenience — all within exemplary Plano ISD and just minutes from Hwy 190. Step inside to discover gorgeous hand-scraped hardwood floors throughout the downstairs. A formal dining room with decorative lighting welcomes you on the left, while a private office with French doors sits to the right, ideal for working from home. The spacious living room features soaring ceilings, built-ins, a cozy gas fireplace, and expansive views of the backyard oasis, seamlessly flowing into the kitchen and breakfast area. The kitchen is designed for both everyday living and entertaining, complete with Corian countertops, double ovens, an electric cooktop, abundant cabinetry, and an oversized island. The downstairs primary suite is a true retreat with hand-scraped hardwood floors, backyard views, and plenty of room for a sitting area. The primary bath offers a jetted tub, double vanities, separate shower, and a dedicated vanity space for getting ready. A secondary bedroom and full bath downstairs provide flexibility for guests or multigenerational living. Upstairs, you’ll find three additional bedrooms, two full bathrooms, and a large game room perfect for movie nights, play space, or entertaining. Two high-efficiency HVAC systems feature enhanced indoor air quality technology, including germicidal UV lights and AprilAire high-efficiency whole-home air cleaners for cleaner indoor air. The backyard is truly exceptional — featuring a sparkling PebbleTec-finish pool with waterfall, relaxing spa, and a covered patio with solar shades designed for year-round enjoyment and entertaining. With beautiful curb appeal, spacious living areas, and an unbeatable location close to shopping, dining, and major commuting routes, this home offers everything you’ve been looking for in one of Richardson’s most desirable neighborhoods.

Investor Tools

$329,276Estimated Mortgage Balance
$463,345Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,752 /month
Positive
Cash Flow Estimate:
$1,584 /month

Interested in this property?

Tonya Peek

Coldwell Banker Realty Frisco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,387/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,690
$695,291
2025
$200,000
$495,291
$695,291
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,690
$695,291

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Credit Line (Revolving) / Heloc
$359,900
No
First
Dec 20, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,276
$400,724
54%
42%
$2,158/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.

Explore Texas Explore This Area
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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3205 Merita Dr | Property Details | No Agent List