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Owner Contacts

$343,560

NAL Estimated Property Value

433 Terrace Dr, Richardson, TX, 75081

Off Market

3 Beds

2 Bath

1,512 Sq Ft

$231.48 / sqft

Built in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringHardwood, Tile

Exterior

Exterior FeaturesRain Gutters, Rain Barrel/Cistern(s)

Lot Size7,524 sqft

Building Information

Year Built1959

Stories1

Roof Type105

Garage Spaces2

Land Information

APN42202500060120000

Lot Number12

SubdivisionRichardson Terrace

Land UseResidential

Legal DescriptionRICHARDSON TERRACE LT 0012 BLK F INT202500070986 DD04072025 CO-DC 2025000601200 3CR20250006

Census Tract019102

Assessed Land Value$80,000

Assessed Improvement Value$263,560

Assessment Year2025

About this property

This charming 3 bedroom, 2 bath, 2 car garage, one story home is located in the heart of Richardson with community pool, tennis & amazing playground amenities nearby, no HOA! This move in ready home has true hardwoods and recent paint throughout. Updated kitchen with quartz counters, stainless-steel appliances, coffee bar and built in desk area. Large living and dining areas open to kitchen for ease of entertaining! This home has been well maintained with many updates including Interior Paint '24; HVAC Replaced in '23; Kitchen Updates '21; Covered Patio-Decking '21; HWH '19C & more! PLUS a CLEAR -No Work Recommended- Foundation Report given on 2-26! You'll love the nice sized back yard, covered patio with quality extended decking, custom tv cabinet and extra storage area! Great location with award winning elementary school nearby, City of Richardson's recently built community amenities and quick access to 75, George Bush, DART Rail, fantastic restaurants & shopping!! Must see TODAY!

Investor Tools

$343,560

Estimated Property Value

$561,806Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,100 /month

Positive

Cash Flow Estimate:

$700 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$457/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,765

$343,560

2025

$80,000

$263,560

$343,560

Tax History

Year

Tax Paid

Assessed Value

2024

$3,765

$343,560

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ark-La-Tex Finance Services Llc

Unknown

$286,385

First

Apr 7, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$561,806

N/A

164%

$3,435/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,310/mo

$3,435/mo

$-1,125/mo

8.1%

Learn About the Market: Opportunity in Texas

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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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