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$499,000

605 Woodway Ln, Richardson, TX, 75081

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,440 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.51 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Wood

Exterior

Lot Size4,095 sqft

Building Information

Year Built1984
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42211850010030000
Lot Number3
SubdivisionRichland Valley
Land UseResidential
Legal DescriptionRICHLAND VALLEY BLK 1 LT 3 INT201200307208 DD10122012 CO-DC 2118500100300 3CR21185001
Census Tract019040
Assessed Land Value$90,000
Assessed Improvement Value$297,330
Assessment Year2025

About this property

This modernized contemporary Richardson residence is situated in a quiet cul-de-sac! Located within a delightful garden-style community just off Spring Valley, the open-concept kitchen and dining area is bathed in natural light. It features 3 bedrooms, 3 full bathrooms, and an office! Two bedrooms and two full bathrooms are located on the ground floor. The kitchen boasts a large island, a gas range, a stainless steel sink, and a walk-in pantry. The master suite includes a private study that could serve as a nursery, along with a spacious walk-in closet. The home has a 20-foot ceiling, and upstairs, there is a generous second living room, a third bedroom with a full bath, and a small loft area. The downstairs is free of carpet, showcasing beautiful wood flooring. The backyard features a deck, and behind the garage, there is a lovely park for both children and adults to enjoy in the afternoons. The garage door is only two years old and equipped with Wi-Fi; it also has an epoxy floor and ample cabinets. The house is equipped with outdoor cameras, and the sprinkler system is Wi-Fi controlled. The roof is also just two years old. This property is conveniently located near both highways 75 and 635, and is served by Richardson schools!

Investor Tools

$0Estimated Mortgage Balance
$478,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

Interested in this property?

Syed Ahmed

DHS Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$691/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,897
$387,330
2025
$90,000
$297,330
$387,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,897
$387,330

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$459,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
N/A
+$2,310/mo
5.8%

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.

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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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605 Woodway Ln | Property Details | No Agent List