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$500,000

6 Collins Court, Richardson, TX, 75081

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,438 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.09 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Washer

Exterior

Lot Size10,625 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42005500060560000
Lot Number56
SubdivisionArapaho East Sec
Land UseResidential
Legal DescriptionARAPAHO EAST SEC 2 BLK 6 LT 56 CO-DALLAS 0055000605600 34200550006
Census Tract019037
Assessed Land Value$85,500
Assessed Improvement Value$324,410
Assessment Year2025

About this property

MULTIPLE OFFER SITUATION. FINAL OFFERS IN BY WEDNESDAY 6-17-26 6:00 PM Welcome to 6 Collins Court — a stunning full-gut renovation that masterfully blends timeless mid-century charm with elevated modern design. Set on a generously sized lot beneath a canopy of mature trees, this light-brick ranch has been transformed from the studs out into a showpiece that feels brand new. Step inside to an expansive open-concept living space anchored by a dramatic floor-to-ceiling marble slab fireplace wall — a true statement piece. The great room flows effortlessly into the dining area and a chef's kitchen that will stop you in your tracks: an oversized quartz waterfall island with induction cooktop, custom walnut flat-panel cabinetry with brass hardware, a stainless steel island range hood, full stainless appliance package, and a designer tile backsplash. A separate prep perimeter with undermount sink and additional storage adds function to an already exceptional space. A private glass-door study off the entry offers the perfect work-from-home retreat. The dedicated laundry room and stylish powder bath — featuring an organic backlit mirror and matte black fixtures — round out the main living wing. The rear family room is a standout addition: soaring tray ceiling with skylight, oversized multi-pane windows overlooking the backyard, dramatic 8-blade ceiling fan, and sliding glass doors that open to the private yard — ideal for entertaining. Outside, enjoy a large fenced backyard, detached 2-car garage with extended driveway, and that rare Richardson find: a true corner lot with room to breathe. Zoned to Yale Elementary, Berkner High School (RISD). Every inch of this home has been thoughtfully executed — new flooring, new lighting, new fixtures, new everything. This is move-in ready without compromise.

Investor Tools

$675,496Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Lukas Barry

Fairway Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,123
$409,910
2025
$85,500
$324,410
$409,910
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,123
$409,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Boomerang Acceptance Llc
Commercial
$338,725
No
First
Apr 3, 2026
Apr 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$675,496
N/A
0%
165%
$4,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$4,062/mo
$-1,052/mo
8.8%

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.

Explore Texas Explore This Area
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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