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$409,000

NAL Estimated Property Value

413 Lexington Ln, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,570 Sq Ft
price_per_sqft$229.24 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size7,552 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42120500020150000
Lot Number15
SubdivisionNorthway Acres
Land UseResidential
Legal DescriptionNORTHWAY ACRES 1 BLK 2 LOT 15 INT202100368201 DD12082021 CO-DC 1205000201500 3CR12050002
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$280,000
Assessment Year2025

About this property

Multiple Offers: Please submit highest and best offers by Monday Nov. 22nd at 10AM. Charming single story home in the heart of Richardson. This home has tons of updates and upgrades throughout including a wooden carriage garage door! Great open flow floor plan through living and dining space. Huge master bedroom with dual closets and vaulted ceiling. Nice size laundry room off the kitchen. Amazing location in Richardson near Hwy 75, close to several parks, shopping, dining and entertainment!

Investor Tools

Property Icon
$409,000
Estimated Property Value
$346,183Estimated Mortgage Balance
$62,817Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$708/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,454
$385,000
2025
$105,000
$280,000
$385,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,454
$385,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Donald Sorrentino
Purchase Money Mortgage
$377,670
No
First
Dec 8, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$346,183
$62,817
15%
85%
$2,265/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,265/mo
$-225/mo
6.0%

City: Richardson

413 Lexington Ln | Property Details | No Agent List