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$375,000

503 Westwood Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,484 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.7 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,512 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42156500260180000
Lot Number18
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 4 BLK 26 LOT 18 INT202200055766 DD02282022 CO-DC 1565002601800 3CR15650026
Census Tract019203
Assessed Land Value$100,000
Assessed Improvement Value$322,490
Assessment Year2025

About this property

Multiple offers received - offer deadline Monday 1.31 at 12 pm. Welcome home to this charming house located in the desirable Richardson Heights neighborhood! This updated home features a spacious and open layout with two living areas, an open kitchen, a large front bay window, and hardwoods throughout. The owner’s suite has two closets and all three bedrooms are generously sized. There are two storage closets inside plus an additional closet in the attached two car garage. The freshly landscaped backyard with gravel and pavers is perfect for entertaining. Great location located minutes from I-75 and popular Richardson spots such as Communion Coffee, Lockwood Distillery, and many other popular restaurants.

Investor Tools

Property Icon
$422,490
Estimated Property Value
$370,500Estimated Mortgage Balance
$81,612Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,535 /month
Positive
Cash Flow Estimate:
$845 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$726/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,604
$422,490
2025
$100,000
$322,490
$422,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,604
$422,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$370,500
No
First
Feb 25, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,878
$81,612
19%
81%
$2,222/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,222/mo
$-182/mo
5.8%

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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503 Westwood Dr | Property Details | No Agent List