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$416,240

NAL Estimated Property Value

41 Merrie Cir, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,178 Sq Ft
price_per_sqft$183.65 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Exterior FeaturesBalcony, Private Yard
Lot Size9,450 sqft

Building Information

Year Built1972
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42005500060420000
Lot Number42
SubdivisionArapaho East Sec
Land UseResidential
Legal DescriptionARAPAHO EAST SEC 2 BLK 6 LT 42 INT202500108128 DD05232025 CO-DC 0055000604200 3CR00550006
Census Tract019037
Assessed Land Value$95,000
Assessed Improvement Value$321,240
Assessment Year2025

About this property

Welcome to this beautifully maintained 4-bedroom, 2.5-bathroom home offering space, comfort, and charm. As you enter, you'll be greeted by soaring vaulted ceilings and an abundance of natural light, creating a warm and inviting atmosphere. The main floor features two generous living areas, a formal dining room perfect for hosting dinner parties, and a convenient half bath for guests. The focal point of the home is the spacious kitchen with granite countertops, which seamlessly opens to the cozy family room with a brick fireplace and offers stunning views of the expansive backyard. Upstairs, you'll find four well-appointed bedrooms, including a large primary bedroom complete with a private balcony overlooking the beautiful backyard. Step outside to your own backyard oasis, featuring a spacious patio and an enclosed cabana - perfect for outdoor dining, relaxing, or entertaining guests year-round. Situated just down the street from beautiful Yale Park and top-rated Yale Elementary, this home offers the ideal setting for families and anyone seeking a welcoming community.

Investor Tools

Property Icon
$416,240
Estimated Property Value
$310,436Estimated Mortgage Balance
$105,804Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,497 /month
Positive
Cash Flow Estimate:
$832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$685/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,143
$416,240
2025
$95,000
$321,240
$416,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,143
$416,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$316,000
No
First
May 23, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,436
$105,804
25%
75%
$1,895/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,895/mo
+$1,115/mo
8.7%

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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