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B+
NoAgentList RatingHow are grades calculated? Info

$482,420

506 S Waterview Drive, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,778 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$261.53 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringTile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Private Yard
Lot Size9,360 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42127500010160000
Lot Number16
SubdivisionParkview
Land UseResidential
Legal DescriptionPARKVIEW ESTATES 3 BLK 1 LOT 16 INT202100107995 DD04122021 CO-DC 1275000101600 3CR12750001
Census Tract019214
Assessed Land Value$100,000
Assessed Improvement Value$382,420
Assessment Year2025

About this property

Deadline for best and final offers is Monday @ 5PM. Stunning, fully renovated single-story home designed with today’s discerning buyer in mind. This beautifully updated 3-bedroom, 2-bath home with a spacious 2nd living area offers a flex space for use as a home office or playroom blending modern style with everyday functionality. The open, light-filled kitchen is fully equipped featuring all-new cabinetry, sleek countertops, and stainless steel appliances-perfect for both entertaining and daily living. Every room has been thoughtfully remodeled, including completely updated bathrooms and flooring throughout. No carpet. The spacious primary suite boasts a luxurious ensuite bath with dual sinks and an oversized, tiled walk-in shower and large closet. No detail has been overlooked-premium upgrades can be found at every turn. Roof 2021, AC 2024, hot water heater and fence 2025 (see improvements list for full details). Exceptional curb appeal welcomes you home with white painted brick and landscaping. A side-entry driveway with wrought iron gate leads to the 2 car rear garage with additional parking, adding both added security and privacy. The large backyard offers mature trees and an inviting outdoor living space with a fire pit that is ideal for relaxing or entertaining.This move-in ready home is a rare find!

Investor Tools

Property Icon
$482,420
Estimated Property Value
$0Estimated Mortgage Balance
$173,691Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,895 /month
Positive
Cash Flow Estimate:
$965 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$861/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,922
$482,420
2025
$100,000
$382,420
$482,420
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,922
$482,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Summit Funding Inc
Conventional
$342,000
No
First
Apr 12, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,729
$173,691
36%
64%
$2,051/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,051/mo
$-11/mo
5.1%

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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506 S Waterview Drive | Property Details | No Agent List