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$462,000

NAL Estimated Property Value

601 Vernet Street, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,205 Sq Ft
price_per_sqft$158.68 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,750 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42116500020100000
Lot Number10
SubdivisionNorthrich West
Land UseResidential
Legal DescriptionNORTHRICH WEST 1 BLK B LOT 10 INT202300227946 DD11032023 CO-DC 1165000201000 3CR11650002
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$237,200
Assessment Year2025

About this property

***MULTIPLE OFFERS RECEIVED. DEADLINE FOR BEST AND FINAL OFFER IS WEDNESDAY 9-20-23 AT NOON*** 4 bedroom 2.5 bath 2 car garage two story house in Richardson just a short walk to both Northrich Elementary and Richardson North Junior High. This is a fixer upper property that is offered AS-IS. The seller will make no repairs. This property may not qualify for traditional financing in its current condition. Seller would prefer an offer allowing personal property to remain behind.

Investor Tools

Property Icon
$462,000
Estimated Property Value
$300,720Estimated Mortgage Balance
$161,280Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$814/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,462
$342,200
2025
$105,000
$237,200
$342,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,462
$342,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simpovest Llc
Unknown
$308,000
No
First
Jan 31, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$300,720
$161,280
34%
65%
$1,847/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,847/mo
+$193/mo
5.3%

City: Richardson

601 Vernet Street | Property Details | No Agent List