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$415,000

NAL Estimated Property Value

513 Summit Dr, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,112 Sq Ft
price_per_sqft$201.23 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Double Oven
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size14,580 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42093500150210000
SubdivisionHighland
Land UseResidential
Legal DescriptionHIGHLAND ESTATES 2 BLK O LT 21 & 36 FT LT 20 INT202400238475 DD11212024 CO-DC 0935001502100 3CR09350015
Census Tract019040
Assessed Land Value$150,000
Assessed Improvement Value$265,000
Assessment Year2025

About this property

MOTIVATED Seller!! This beautifully maintained home is ready to move in NOW! Fresh paint and all NEW carpet. This move in ready home is situated on a huge third of an acre lot, 4 bedrooms, formal living & dining area, a large comfortable family room with built in cabinets adding functionality & charm. The large galley kitchen with tons of counter space & cabinets connects to the formal dining area & also has an eat in breakfast area. There is a large laundry room with built in cabinets & a huge pantry! The primary bedroom is generously sized, has 2 closets, a vanity area, & an ensuite bath. The oversized garage with built in workstation & shelving is another uncommon feature, giving you a ton of extra storage space. The backyard features an extended patio & pergola ideal for enjoying time outside & entertaining! The large yard provides the perfect canvas & space to design your own outdoor paradise! Close to major highways, shopping, restaurants & newly revitalized downtown district!

Investor Tools

Property Icon
$415,000
Estimated Property Value
$306,595Estimated Mortgage Balance
$108,405Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$684/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,127
$415,000
2025
$150,000
$265,000
$415,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,127
$415,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Conventional
$315,000
No
First
Nov 21, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$306,595
$108,405
26%
74%
$1,889/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,889/mo
+$1,121/mo
8.7%

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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513 Summit Dr | Property Details | No Agent List