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$450,000

516 Willingham Dr, Richardson, TX, 75081

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,942 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$231.72 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Hardwood, Laminate

Exterior

Lot Size2,013 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces2

Land Information

APN422435700A04A0000
Lot Number4A
SubdivisionTownes Of Buckingham Rep
Land UseResidential
Legal DescriptionTOWNES OF BUCKINGHAM REP BLK A LT 4A ACS 0.0462 INT201800079157 DD03262018 CO-DC 2435700A04A00 2CR2435700A
Census Tract019040
Assessed Land Value$90,000
Assessed Improvement Value$356,890
Assessment Year2025

About this property

From the moment you drive through the secure gates of this peaceful community, you’ll know you’ve found something special. Step inside this spectacular townhome and you are instantly greeted by an open & airy atmosphere that feels less like a traditional townhome and more like a sprawling single-family residence. The heart of the home is an expansive kitchen and living area that is significantly larger than most in the neighborhood. Rich wood flooring flows seamlessly throughout the entire space, catching the natural light and guiding you toward a kitchen designed for both the daily routine and effortless hosting. Here, sleek quartz countertops pair beautifully with a premium suite of Whirlpool appliances—including a built-in oven, microwave, dishwasher, and a 4-burner electric cooktop. Guests can pull up a stool at the island with seating while you whip up a meal. When it is time to unwind, the luxurious primary suite offers a true retreat. The spacious bedroom leads into a spa-like en-suite bath complete with dual sinks, a deep garden tub for soaking away the day, a large separate shower, and an envious, oversized walk-in closet with room to spare. Just off the living area, your private outdoor oasis awaits. Step out onto the covered patio, where high-quality turf provides the perfect, mess-free spot for your dog to stretch their legs while you enjoy your morning coffee in the shade. This home is as smart as it is beautiful. A recently updated HVAC system ensures maximum energy efficiency and year-round comfort. Best of all, you can truly enjoy a low-maintenance lifestyle because the HOA handles all exterior insurance and grounds maintenance for you. Perfectly situated for work, study, and play, you are just minutes from UT Dallas and a stone's throw away from the area’s most fabulous restaurants and vibrant entertainment hubs. Don't miss your chance to experience the perfect blend of security, space, and sophisticated style!

Investor Tools

$226,586Estimated Mortgage Balance
$221,000Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$567/month
$180/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,571
$446,890
2025
$90,000
$356,890
$446,890
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,571
$446,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$231,000
No
First
Apr 23, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,586
$220,304
49%
51%
$1,385/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,565/mo
+$745/mo
6.2%

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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