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$394,999

502 Rorary Dr, Richardson, TX, 75081

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,270 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.02 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan, Washer
FlooringLaminate

Exterior

Lot Size7,980 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42204500110020000
Lot Number2
SubdivisionRichardson Terrace
Land UseResidential
Legal DescriptionRICHARDSON TERRACE 2 000K LT 0002 VOL2002130/8318 DD08082001 CO-DC 5603100300200 34220450011
Census Tract019102
Assessed Land Value$80,000
Assessed Improvement Value$228,570
Assessment Year2025

About this property

Completely New Inside - Fully Renovated 3 Bed 2 Bath Richardson Home Near US-75 Taken down to the studs, everything is brand new inside and out of this beautiful Richardson home. From the plumbing and electrical systems to the HVAC, roof, windows, flooring, doors, lighting, kitchen, bathrooms, and more, this home has been renovated from the ground up and is truly move-in ready. The brand-new kitchen features stunning Taj Mahal countertops, custom cabinetry with excellent storage, and a gas range. The brand-new primary bathroom features custom tile in the over-sized shower and a new walk-in closet. The home also includes a new LG washer & dryer. Additional brand-new features include: • New plumbing and gas lines • New electrical throughout • New HVAC system • New roof • New windows & doors throughout • New flooring & lighting • New tankless water heater • New LG washer & dryer • New garage door & motor • New fence and new sod in the yards  With just under 1,300 sq ft, this home offers the rare opportunity to own a completely renovated Richardson home where the major systems and interior finishes are all new. Conveniently located near US-75 and George Bush Tollway, and walking distance to acclaimed Richardson Terrace Elementary as well as a community pool, parks and playground, and a short drive to local restaurants, coffeeshops, bakeries, businesses and all that Richardson has to offer. If you're searching for a fully renovated home in the heart of Richardson, a move-in-ready home near US-75, or a home with new HVAC, roof, plumbing, electrical, windows, kitchen, and bathrooms, this property is worth seeing. Completely renovated. Completely new inside. Ready for its new owner.

Investor Tools

$199,423Estimated Mortgage Balance
$137,577Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

Interested in this property?

Tyler Austin

Fathom Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,321
$308,570
2025
$80,000
$228,570
$308,570
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,321
$308,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Scf Jake Lp
Unknown
$200,000
No
First
Jun 3, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,423
$137,577
40%
59%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,200/mo
+$1,110/mo
8.2%

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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