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$366,000

NAL Estimated Property Value

507 Lowell Ln, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,338 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$260.84 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven
FlooringCarpet, Wood

Exterior

Lot Size8,000 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42116500030160000
Lot Number16
SubdivisionNorthrich West
Land UseResidential
Legal DescriptionNORTHRICH WEST 1 BLK C LOT 16 INT202100381731 DD11292021 CO-DC 1165000301600 3CR11650003
Census Tract019211
Assessed Land Value$94,500
Assessed Improvement Value$218,200
Assessment Year2025

About this property

This home qualifies for a $15,000 grant to be applied towards closing costs and down payment! Move-in ready home with 2 car garage in quiet and quaint neighborhood. Gorgeous and shaded backyard with new wood fence (installed July 2025), and both a covered front and back patio. Updated bathroom, new carpet (carpet installed July 2025) and fresh paint. Walking distance to schools, shopping, dining, and public transportation and a very short drive to Central Expressway. If you like to cook, you'll love all the prep space in the kitchen, or if outdoor grilling is more your speed, you'll love the size of the backyard which is perfect for entertaining.

Investor Tools

Property Icon
$366,000
Estimated Property Value
$0Estimated Mortgage Balance
$366,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,196 /month
Positive
Cash Flow Estimate:
$732 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$721/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,818
$312,700
2025
$94,500
$218,200
$312,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,818
$312,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$366,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
N/A
+$2,040/mo
6.7%

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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507 Lowell Ln | Property Details | No Agent List