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$433,320

NAL Estimated Property Value

516 Park Lane, Richardson, TX, 75081

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,040 Sq Ft
price_per_sqft$147.01 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven, Plumbed For Ice Maker, Refrigerator, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size14,040 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42092500130030000
Lot Number3
SubdivisionHighland
Land UseResidential
Legal DescriptionHIGHLAND ESTATES BLK M LT 3 INT201900217380 DD08162019 CO-DC 0925001300300 3CR09250013
Census Tract019102
Assessed Land Value$150,000
Assessed Improvement Value$283,320
Assessment Year2025

About this property

This wonderful one story on the largest lot features the best! Spacious formal living or dining, open gourmet kitchen with Kitchen Aid appliances, double ovens and microwave, 42 inch cabinets and lots of counter space is open to the huge den overlooking the patio and ample yard. An over sized hall leads to four bedrooms, master bath with shower, a Jack and Jill bath has double sinks, with third bath off kitchen laundry area. A large garage has wall of built-in cabinets and work space. Parking for multiple vehicles in the massive side driveway. Covered breezeway leads into house. Fresh paint inside and out and new carpet. Decorative lighting and window coverings.

Investor Tools

Property Icon
$433,320
Estimated Property Value
$232,487Estimated Mortgage Balance
$200,833Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,600 /month
Positive
Cash Flow Estimate:
$867 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$702/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,259
$433,320
2025
$150,000
$283,320
$433,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,259
$433,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$268,375
No
First
Aug 16, 2019
Sep 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,487
$200,833
46%
54%
$1,610/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,610/mo
+$700/mo
6.4%

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.

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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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