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$2,521,000

NAL Estimated Property Value

825 Lockwood Dr, Richardson, TX, 75080

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths5,733 Sq Ft
price_per_sqft$453.51 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Convection Oven, Double Oven, Refrigerator, Vented Exhaust Fan, Wine Cooler
FlooringBrick, Carpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBarbecue, Rain Gutters, Lighting
Lot Size1.37 acres

Building Information

Year Built1956
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42158500580070000
Lot Number7
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 6 BLK 58 LT 7 INT201300366172 DD11272013 CO-DC 1585005800700 3CR15850058
Census Tract019203
Assessed Land Value$262,500
Assessed Improvement Value$1,235,960
Assessment Year2025

About this property

This extraordinary estate with peaceful views, exceptional privacy & timeless curb appeal was completely renovated, taking down to the studs and adding additional living space & 3 car garage in 2015 with Cresswell Custom Builders. Perfectly situated on a beautiful .9-acre corner lot that backs to a private lake, this 5 bed, 4 bath home has over 5,700 sq feet & has been thoughtfully updated with unmatched craftsmanship, character & attention to detail. Natural hardwood floors laid in a beautiful herringbone pattern & walls of windows flooding the home with sunlight create an inviting first impression. A double-sided fireplace connects the huge great room & kitchen area, highlighting the open-concept layout. The gourmet kitchen features curated backlit custom cabinetry, soapstone countertops, a striking marble island & an architecturally stunning wood ceiling. Top of the line appliances include a La Cornue stove, Cove dishwasher, brass pot filler, built-in wine cooler & a spacious butler’s pantry with butcher block counters, prep sink & extra cabinetry that make this kitchen a home chef’s dream! The primary suite offers a serene retreat with a freestanding tub, a dual control shower w bench, antique vanity & a show-stopping custom closet with abundant storage. Additional bedrooms are generously sized & all bathrooms feature tasteful upgrades. A large game room, an oversized 3-car garage, spacious home gym, a bonus room that would make a great craft room & an office that can flex as a downstairs 5th bedroom. The backyard oasis is ideal for entertaining and relaxation, with a spacious open patio off the kitchen, and a covered porch off the primary suite, which includes a wood burning fireplace, ceiling fans & built-in heaters. A front courtyard sitting area, just off the formal living room, is perfect for morning coffee or evening unwinding. This rare estate blends elegance, functionality & luxury in a prime location near top-rated schools, parks, dining & more.

Investor Tools

Property Icon
$2,521,000
Estimated Property Value
$1,274,269Estimated Mortgage Balance
$1,246,731Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,600 /month
Positive
Cash Flow Estimate:
$5,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,658/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,293
$1,498,460
2025
$262,500
$1,235,960
$1,498,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,293
$1,498,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Raymond James Bank Na
Conventional
$1,287,500
No
First
Aug 8, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,274,269
$1,246,731
49%
51%
$7,206/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$7,206/mo
$-4,546/mo
1.3%

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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825 Lockwood Dr | Property Details | No Agent List