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$608,000

NAL Estimated Property Value

721 Downing Drive, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,835 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.61 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Gas Range, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,640 sqft

Building Information

Year Built1963
Stories1
Roof Type105

Land Information

APN42157500360140000
Lot Number14
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 5 BLK 36 LT 14 INT202100257122 DD08272201 CO-DC 1575003601400 3CR15750036
Census Tract019202
Assessed Land Value$160,000
Assessed Improvement Value$342,950
Assessment Year2025

About this property

Lush gardens of saffron & fuchsia welcome you to this 4 bedroom, 3 bath, updated dream home in neighbor friendly Richardson Heights. Fresh exterior Oyster White brick trimmed in French Roast Brown! Once inside, delight to rich hardwood floors flowing through color palette of todays cool grays & pure whites while natural light floods through energy efficient dbl. pane windows. Gourmet chef? How about 42 in. cabs, gas cooking & KitchenAid fridge? Upstairs to huge master suite w charming clawfoot tub. Garage professionally converted to huge family room w fireplace & built-ins. Bonus Game-Sunroom for playtime. Step out back to shaded yard, storage barn & new horizontal cedar fence. Walk to fab, Richardson Schools!

Investor Tools

Property Icon
$608,000
Estimated Property Value
$405,917Estimated Mortgage Balance
$202,083Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,648 /month
Positive
Cash Flow Estimate:
$1,216 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$984/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,769
$502,950
2025
$160,000
$342,950
$502,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,769
$502,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy One Lending
Conventional
$446,200
No
First
Aug 27, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$405,917
$202,083
33%
67%
$2,676/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$2,676/mo
$-16/mo
5.3%

City: Richardson

721 Downing Drive | Property Details | No Agent List