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$2,275,000

1231 Chippewa Dr, Richardson, TX, 75080

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths4,618 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$492.64 / sqft
Year BuiltBuilt in 2027

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Refrigerator, Dishwasher, Disposal, Microwave, Plumbed For Gas, Range, Some Commercial Grade, Vented Exhaust Fan
FlooringCarpet, Engineered Hardwood, Hardwood

Exterior

Exterior FeaturesDeck, Rain Gutters
Lot Size10,625 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces2

Land Information

APN42190501560020000
Lot Number2
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH1 LT 0002 00156 5603030500200 34219050156
Census Tract019205
Assessed Land Value$400,000
Assessed Improvement Value$174,040
Assessment Year2026

About this property

COMING SOON NEW CONSTRUCTION IN THE RESERVATION OF RICHARDSON An exceptional opportunity to own a stunning 4,618-square-foot custom home featuring 5 bedrooms and 5 full bathrooms in the highly sought-after Reservation of Richardson. With the lot already cleared and ready for construction, this upcoming build presents a unique opportunity for its future owner to be involved in bringing their dream home to life. Thoughtfully designed with an emphasis on luxury, efficiency, and everyday functionality, this home will offer an impressive combination of timeless architecture, sophisticated finishes, and exceptional attention to detail. The thoughtfully planned floor plan will feature soaring ceilings, an inviting entryway, generous living spaces, and an abundance of natural light. At the heart of the home, a chef-inspired kitchen is designed for both everyday living and entertaining, featuring an oversized island, custom cabinetry, and a spacious pantry equipped with an additional drawer dishwasher. The luxurious primary suite will serve as a private retreat, complete with an expansive walk-in closet featuring its own stackable washer and dryer. With five bedrooms and five full bathrooms, the home is designed to provide ample space, privacy, and flexibility. Built with energy efficiency in mind, the home will feature foam insulation and an intelligently designed floor plan that maximizes every square foot. Outside, a generously sized grassy backyard will offer endless possibilities for outdoor entertaining, relaxation, and recreation. The lot is cleared, the plans are in place, and construction is ready to begin for its future owner.

Investor Tools

$3,285,706Estimated Mortgage Balance
$648,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,650 /month
Positive
Cash Flow Estimate:
$4,550 /month

Interested in this property?

Ethan Stegich

Stegich Group Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,555
$574,040
2026
$400,000
$174,040
$574,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,555
$574,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Unknown
$1,650,008
No
First
Jul 24, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,285,706
N/A
0%
507%
$19,786/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$19,786/mo
$-17,746/mo
3.8%

City: Richardson

1231 Chippewa Dr | Property Details | No Agent List