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$447,000

NAL Estimated Property Value

705 Winchester Dr, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,631 Sq Ft
price_per_sqft$220.72 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Laminate, Tile

Exterior

Lot Size8,320 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces4

Land Information

APN42158500470110000
Lot Number11
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 6 BLK 47 LOT 11 INT202500008008 DD01132025 CO-DC 1585004701100 3CR15850047
Census Tract019203
Assessed Land Value$175,000
Assessed Improvement Value$170,770
Assessment Year2025

About this property

SELLER IS MOTIVATED! PRICED to sell. New Roof from 2023, New AC Unit in 2023, New gas line from Meter to the house in 2024. Phenomenal 3 bed, 2 bath, 2 car garage + an additional 2 car carport built home in the heart of Richardson Heights! This ranch-style home has a much to offer, and with the right type of cosmetic updates throughout, the value of this home could be anywhere in the mid 500s range! There's plenty of equity to walk into, and just cosmetics to match your style or personality. It sits on a nice size interior lot, and the location is unbeatable! You have at arms reach Heights Park, which features tennis courts, a recreation center, and Heights aquatic center. Not only that but you're close proximity to highway 75, just south of PGBT, wedged right between Arapaho & Beltline, and you have a multitude of good eats & restaurants nearby! Plus, if you want to catch a good movie & experience cinema done right, you're just about walking distance to Alamo Drafthouse Cinema. And how can you forget your incredibly close proximity to University of Texas at Dallas! Literally within 5-7 mins of a drive, at most. Don't expect this one to last very long!

Investor Tools

Property Icon
$447,000
Estimated Property Value
$0Estimated Mortgage Balance
$447,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,682 /month
Positive
Cash Flow Estimate:
$894 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$578/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,705
$345,770
2025
$175,000
$170,770
$345,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,705
$345,770

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$447,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
N/A
+$2,040/mo
5.5%

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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705 Winchester Dr | Property Details | No Agent List