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$299,000

509 Fairview Dr, Richardson, TX, 75081

PendingInfo
Beds3 Beds
Baths1 Bath
Baths1,142 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$261.82 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,839 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces1

Land Information

APN42266500030320000
Lot Number32
SubdivisionWalton Terrace
Land UseResidential
Legal DescriptionWALTON TERRACE BLK 3 LT 32 VOL94233/0241 DD113094 CO-DALLAS 2665000303200 34226650003
Census Tract019102
Assessed Land Value$105,000
Assessed Improvement Value$148,150
Assessment Year2025

About this property

MOVE IN READY! Adorable 3 bedroom, 1.1 bath home in terrific Richardson location with 1-car garage! Spacious family room, laminate flooring, and granite are just a few of the updates. Kitchen boasts generous cabinetry and counter space, white appliances with fridge included, and gas range. Laundry just off the kitchen with full size washer and dryer. Large primary bedroom with ensuite bath and walk-in closet. Two additional bedrooms share the hall bath. Large backyard with open patio! Located within walking distance to the elementary school and a nearby community park and pool, this home offers an unbeatable location. Close to shopping, dining, and everyday conveniences, Completely move-in-ready!

Investor Tools

$0Estimated Mortgage Balance
$296,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$350/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,725
$253,150
2025
$105,000
$148,150
$253,150
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,725
$253,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
World S/L
N/A
$42,400
N/A
First
Nov 30, 1994
Dec 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$286,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
N/A
+$2,310/mo
9.4%

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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509 Fairview Dr | Property Details | No Agent List