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$625,000

1513 Margate Ln, Richardson, TX, 75082

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,568 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$243.38 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Wine Cooler
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Lot Size11,245 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0052-008-0260-1
Lot Number26
SubdivisionSherril Park North Section Three (Crc)
Land UseResidential
Legal DescriptionSHERRIL PARK NORTH SECTION THREE (CRC), BLK H, LOT 26
Census Tract031816
Assessed Land Value$134,663
Assessed Improvement Value$420,150
Assessment Year2026

About this property

Welcome to 1513 Margate Lane, a beautifully updated 4-bedroom, 3-bath home offering 2,568 square feet in a highly convenient Richardson location, Sherrill Park. This home combines generous living space with thoughtful upgrades throughout, including a remodeled kitchen with a commercial-style vent hood, vaulted ceilings, Hunter Douglas 2-inch wood blinds, Container Store Elfa closet systems, and Central Vac throughout the home. Additional improvements include Andersen windows along the back of the home, newer front windows, added sealing for improved efficiency, and an electrical panel replaced in 2021. The backyard features a swimming pool with updated equipment, creating a great space for relaxing, entertaining, and enjoying Texas summers. Other highlights include an oversized garage, an available survey and floor plan, and wiring for AT&T Fiber, Spectrum Cable, and DirecTV satellite. Located near President George Bush Turnpike and US-75, the home offers convenient access to Richardson, Plano, Dallas, shopping, dining, and major employment centers. Outdoor lovers will also appreciate being near Spring Creek Nature Area and its miles of scenic trails and natural surroundings. With its combination of space, upgrades, outdoor living, and location, 1513 Margate Lane offers an excellent opportunity in Richardson.

Investor Tools

$119,517Estimated Mortgage Balance
$435,296Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$854/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,478
$554,813
2026
$134,663
$420,150
$554,813
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,478
$554,813

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Credit Line (Revolving) / Heloc
$170,500
No
First
Jul 2, 2013
Jul 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,517
$435,296
78%
22%
$1,023/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,530/mo
$1,023/mo
+$2,507/mo
7.6%

City: Richardson

1513 Margate Ln | Property Details | No Agent List