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$224,900

525 W Lookout Dr Apt 122, Richardson, TX, 75080

PendingInfo
Beds2 Beds
Baths2 Bath
Baths1,075 Sq Ft
price_per_sqft$209.21 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Warming Drawer, Washer
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool

Building Information

Year Built1974
Stories1

Land Information

APNR-0259-000-1220-1
Lot Number122
SubdivisionKnolls On Canyon Creek Condominiums The
Land UseResidential
Legal DescriptionKNOLLS ON CANYON CREEK CONDOMINIUMS THE (CRC), BLDG F, UNIT 122
Census Tract031814
Assessed Land Value$60,500
Assessed Improvement Value$128,768
Assessment Year2025

About this property

Welcome to The Knolls at Canyon Creek—a quiet, cozy retreat tucked up against the Canyon Creek Golf Course and Country Club in one of Richardson’s most coveted neighborhoods. Step inside this inviting 2-bedroom, 2-bathroom condo to find a welcoming, open-concept living and dining area highlighted by rich wood-toned flooring. A classic brick fireplace serves as the anchor of the room, adding cozy warmth and character to the entire main living space. Sun-drenched and welcoming, the Spanish cottage-inspired kitchen is beautifully updated to serve as the heart of the home. Soft white walls and light beadboard cabinetry maximize the abundant natural light, perfectly balanced by warm terracotta tile floors. Seamlessly blending style and function, the space features stainless steel appliances, a classic farmhouse sink, sleek countertops, and custom built-in cabinets for ample storage. The spacious primary suite is bathed in natural light and offers scenic views of the back patio. It features a split closet system, built-in cabinetry, and an ensuite bath complete with a decorative quartz vanity, sleek white subway tile surround, and updated vanity lighting. The versatile guest bedroom—equipped with a walk-in closet—doubles perfectly as a home office. The updated hall bath carries the Spanish design theme with soft whites, colorful accent tiles, a custom ceramic sink, tile countertops, and the added utility of an in-unit combo washer dryer. Unwind after a long day on the secluded, covered back patio—an ideal spot for evening get-togethers. Just steps from your back gate, enjoy the community pool, which boasts panoramic views of the golf course. Location is everything. This community feeds into Plano ISD schools (including acclaimed Aldridge Elementary) and sits just one mile from UT Dallas. West Richardson staples like Shady’s Burgers, Eiland Coffee Roasters, and Sweet Firefly are right around the corner nestled in this incredible neighborhood.

Investor Tools

$166,525Estimated Mortgage Balance
$59,085Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$414/month
$271/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,843
$189,268
2025
$60,500
$128,768
$189,268
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,843
$189,268

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$180,000
No
First
Jun 27, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,525
$58,475
25%
74%
$1,080/mo

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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525 W Lookout Dr Apt 122 | Property Details | No Agent List