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$515,000

500 Birch Ln, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.99 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCeramic Tile, Granite, Vinyl

Exterior

Lot Size10,625 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42211500030010000
Lot Number1
SubdivisionRichland Park 2nd Sec
Land UseResidential
Legal DescriptionRICHLAND PARK 2ND SEC BLK G LOT 1 INT20070352085 DD09262007 CO-DC 2115000300100 3CR21150003
Census Tract019041
Assessed Land Value$125,000
Assessed Improvement Value$316,650
Assessment Year2025

About this property

Winner of the 2024 City of Richardson Community Revitalization Award. This corner lot home has been thoughtfully renovated over nearly two decades with a level of care and craftsmanship that is rare to find. Every room has been updated with crown molding, custom cabinetry, granite countertops, and updated fixtures throughout. The exterior brick was hand-stained with concrete stain, not painted, so it will hold its color without maintenance. Natural flagstone hardscaping covers the front walkway, expanded front porch, and back patio with oversized stone seating areas shaded by mature trees. Nine irrigated garden beds surround the property. Inside, all common areas have granite tile flooring. The kitchen features cherry cabinetry, granite counters, and a Bosch induction cooktop. A custom home office with dual L-shaped granite desks and floor-to-ceiling storage sits near the front entry. The living room has a natural stone fireplace with a Blue Pearl granite hearth. All lighting is indirect bounce light designed to create a calm, even atmosphere throughout the home. The master suite includes a cedar-lined walk-in closet, soaking tub, and custom vanity. An additional bedroom and bath are built to aging-in-place standards with wide doors, grab bars, and a low-threshold shower. The climate-controlled garage has granite tile flooring, finished walls, and its own mini split HVAC. Systems include a 2021 Lennox Elite XC20 HVAC, 2020 Owens Corning roof, 2025 200-amp electrical panel, and 2025 seamless aluminum gutters with leaf guards. Hot tub, enclosed sunroom with flagstone floors, wired ethernet in 10 rooms, and a security system round out a property that has been maintained as well as it was built.

Investor Tools

Property Icon
$510,000
Estimated Property Value
$30,000Estimated Mortgage Balance
$494,177Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$435/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,675
$441,650
2025
$125,000
$316,650
$441,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,675
$441,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texans Cu
Credit Line (Revolving) / Heloc
$30,000
No
First
Nov 27, 2007
Jan 2013

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$15,823
$494,177
96%
3%
$180/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$180/mo
+$2,830/mo
7.1%

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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