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$248,000

701 Towne House Ln, Richardson, TX, 75081

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,817 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.1 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee 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, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringConcrete, Laminate

Building Information

Year Built1974
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42274500070180000
SubdivisionWoodhaven Townhouse Rev
Land UseResidential
Legal DescriptionWOODHAVEN TOWNHOUSE REV BLK G LOT 18 TOWNE HOUSE LN VOL2001172/00381 DD08272001 CO-DC 2745000701800 34227450007
Census Tract019040
Assessment Year2025

About this property

Two-story townhome ready to move in, located in the heart of Richardson, just minutes away from all major highways. The townhome offers 3 bedrooms, 2 full bathrooms, and a laundry room on the second floor. The living room, dining area, Half bathroom, and kitchen are located on the first floor—no carpets, freshly painted, and ready for a new long-term tenant.

Investor Tools

Property Icon
$248,000
Estimated Property Value
$68,560Estimated Mortgage Balance
$229,428Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,390
$247,180
2025
N/A
N/A
$247,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,390
$247,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Washington Mutual Bank Fa
N/A
$68,560
N/A
First
Aug 27, 2001
Sep 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$18,572
$229,428
92%
7%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
N/A
+$2,310/mo
11.2%

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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701 Towne House Ln | Property Details | No Agent List