Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days44Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$230,000

$240,000

511 Towne House Ln, Richardson, TX, 75081

On MarketInfo
Price DropInfo
Beds2 Beds
Baths3 Bath
Baths1,558 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$147.63 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Private Yard, Storage
Lot Size2,760 sqft

Building Information

Year Built1973
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42274500060540000
Lot Number54
SubdivisionWoodhaven Townhouse Rev
Land UseResidential
Legal DescriptionWOODHAVEN TOWNHOUSE REV BLK F LOT 54 INT202100197083 DD06292021 CO-DC 2745000605400 3CR27450006
Census Tract019102
Assessed Land Value$55,000
Assessed Improvement Value$175,810
Assessment Year2025

About this property

Updated corner unit townhome in Woodhaven Twnhs offering a flexible layout and modern improvements in a highly accessible location. The main level features two spacious living areas with a wood-burning fireplace, ideal for entertaining, remote work, or everyday living. The kitchen offers abundant cabinetry and prep space for functionality and flow. Recent updates include a remodeled half bath, remodeled primary bathroom, engineered hardwood flooring, updated both HVAC units with Trane 2-Ton systems, and a new GE 4-burner range to be installed at closing. Upstairs, both bedrooms are oversized, ideal for guests, shared living, or work-from-home needs. The primary suite includes two closets,fully remodeled bathroom and a private covered balcony. An upstairs utility closet with washer and dryer connections adds everyday convenience. French doors lead to a private fenced backyard. The property also includes a 2-car covered carport with additional storage. HOA maintains the exterior, roof, fencing, and front yard for a low-maintenance lifestyle. Rear rail line located beyond the alley with minimal traffic. Located in highly sought-after Richardson ISD with quick access to US-75, I-635, and George Bush Turnpike, and minutes from shopping, dining, parks, and major employment hubs. Ideal for both homeowners and investors! Property is being sold as-is. Foundation information and supporting documentation are available in MLS.

Investor Tools

$176,233Estimated Mortgage Balance
$54,921Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,385 /month
Positive
Cash Flow Estimate:
$462 /month

Interested in this property?

Lisa Woulard

Offerpad Brokerage, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$283/month
$281/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,238
$230,810
2025
$55,000
$175,810
$230,810
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,238
$230,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Conventional
$195,225
No
First
Jun 29, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,233
$73,767
29%
76%
$1,171/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$1,452/mo
+$378/mo
9.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...