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$250,000

531 Matthew Place, Richardson, TX, 75081

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,353 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$184.77 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size1,540 sqft

Building Information

Year Built2012
Stories2
Roof Type105
Garage Spaces2

Land Information

APN421046500K07A0000
Lot Number7A
SubdivisionMckamy Park
Land UseResidential
Legal DescriptionMCKAMY PARK BLK K LOT 7A INT202500090378 DD04302025 CO-DC 1046500K07A00 3CR1046500K
Census Tract019101
Assessed Land Value$95,000
Assessed Improvement Value$261,330
Assessment Year2025

About this property

Location! Location! Location! Walking distance to the Dart station, restaurants and more. This community includes a fantastic pool, playground area, clubhouse and walking path to the train station. Upgrades include: real hardwood floors downstairs, iron balusters, tiled shower in the master bath, glass tiled back splash in kitchen, granite countertops throughout, and stainless appliances (the refrigerator, washer, dryer remain). The 1st floor is a bright open concept perfect for entertaining. Master has vaulted ceilings, double vanity, and large walk in closet. Both bedrooms are located upstairs with a loft area big enough for a desk. The HOA covers all outside care including roof! Seller is a licensed Realtor.

Investor Tools

Property Icon
$356,330
Estimated Property Value
$0Estimated Mortgage Balance
$116,011Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,138 /month
Positive
Cash Flow Estimate:
$713 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$545/month
$160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,759
$356,330
2025
$95,000
$261,330
$356,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,759
$356,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nuwave Lending Llc
Conventional
$245,000
No
First
Apr 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,319
$116,011
32%
67%
$1,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$1,629/mo
+$201/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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531 Matthew Place | Property Details | No Agent List