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$495,000

1307 Magnolia Dr, Richardson, TX, 75080

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,308 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$378.44 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,250 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42168501020060000
Lot Number6
SubdivisionRichardson Heights 2nd Sec
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 9 2ND SEC BLK 102 LOT 6 INT201400222942 DD08292014 CO-DC 1685010200600 3CR16850102
Census Tract019215
Assessed Land Value$100,000
Assessed Improvement Value$385,000
Assessment Year2025

About this property

How about this? Welcome to 1307 Magnolia, a beautifully updated home in the heart of Richardson where character, comfort, and thoughtful design come together. This is a home that makes the most of every space—with inviting places to gather, room to spread out, and an indoor-outdoor lifestyle that makes everyday living and entertaining easy. From the moment you arrive, the covered front porch, charming double wood doors, and classic white brick exterior give the home a welcoming presence. Inside, original hardwood floors, abundant natural light, and an easy, connected layout create a warm and comfortable feel throughout. At the heart of the home, the updated kitchen features white cabinetry, granite countertops, stainless steel appliances, gas cooking, subway tile backsplash, generous storage, and a large center island with plenty of room to gather. The adjoining dining space adds personality with custom wall treatments and backyard views, while three bedrooms and two thoughtfully updated bathrooms offer flexibility for family, guests, a home office, or whatever life calls for. But what truly sets 1307 Magnolia apart is the way the living space continues outdoors. A spacious covered and screened porch with vaulted ceilings, exposed beams, and multiple ceiling fans creates a true outdoor living room—perfect for morning coffee, family dinners, watching the game, or entertaining friends nearly year-round. Beyond it, an expansive deck opens to a large, fenced backyard surrounded by mature trees, with plenty of room to play, garden, entertain, or simply unwind. With a two-car garage, excellent storage, thoughtful updates, generous gathering spaces, and exceptional outdoor living, 1307 Magnolia has all the things that make a house work beautifully for real life. It combines the character of an established Richardson neighborhood with the spaces, updates, and everyday functionality today’s buyers are looking for.

Investor Tools

$87,490Estimated Mortgage Balance
$397,510Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

Interested in this property?

Keegan Mueller

All City

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,505
$485,000
2025
$100,000
$385,000
$485,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,505
$485,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$116,250
No
First
May 22, 2015
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,490
$397,510
81%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
N/A
+$2,040/mo
5.0%

City: Richardson

1307 Magnolia Dr | Property Details | No Agent List