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Days55Days on Market
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$1,950,000

508 Copper Ridge Drive, Richardson, TX, 75080

On MarketInfo
Beds4 Beds
Baths6 Bath
Baths4,413 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$441.88 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater, Vented Exhaust Fan

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size8,050 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces4

Land Information

APN42022500060200000
Lot Number20
SubdivisionCanyon Creek 1st
Land UseResidential
Legal DescriptionCANYON CREEK 1ST INST BLK 6 LT 20 INT202400257735 DD12192024 CO-DC 0225000602000 3CR02250006
Census Tract019210
Assessed Land Value$325,000
Assessed Improvement Value$170,000
Assessment Year2025

About this property

Rare opportunity to own a new Shaddock Custom home on a coveted interior lot in Canyon Creek, one of Richardson's most sought-after communities. Built by a Dallas-area builder with over 60 years of family tradition, 508 Copper Ridge Drive delivers 4,413 square feet of elevated design, enduring craftsmanship, and genuine livability. A dramatic two-story foyer opens into a great room anchored by a cast stone gas fireplace and oak built-ins. The chef's kitchen features rift sawn oak cabinetry, a statement vent hood, honed granite perimeter countertops, an oversized quartzite island with seating, and premium appliances including a six-burner gas range, built-in refrigerator, and built-in freezer. An expansive sliding glass door connects the living room to the covered patio and backyard, complete with an automatic gate for added convenience and security. At the curb, mature trees, lush landscaping, and thoughtful hardscaping create a striking first impression and exceptional curb appeal. The primary suite offers vaulted ceilings and a retreat-like feel, complemented by a spa-inspired bath and a well-appointed closet with direct access to the laundry room. Downstairs, a private guest suite, tucked-away study, and well-appointed mudroom provide flexibility for modern living. Upstairs, an expansive game room provides an ideal gathering space for family and guests, while secondary bedrooms each enjoy a private bath. Every detail has been thoughtfully considered, from the white oak hardwood floors and designer tile to the statement lighting and solid-core 8-foot doors. Dual powder baths, pre-wired surround sound inside and out, and energy-efficient construction further elevate the home's comfort, functionality, and livability. The oversized garage includes additional storage space and a flex area, perfect for a workshop or golf cart, as many neighbors at Canyon Creek Country Club enjoy. Zoned to highly regarded RISD schools: Canyon Creek ES, North JH, and J. J. Pearce. HS

Investor Tools

Property Icon
$1,322,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,700 /month
Positive
Cash Flow Estimate:
$3,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$995/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,327
$495,000
2025
$325,000
$170,000
$495,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,327
$495,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Commercial
$1,475,510
No
First
May 12, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,447,314
N/A
0%
109%
$8,847/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$8,847/mo
$-6,807/mo
1.9%

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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508 Copper Ridge Drive | Property Details | No Agent List