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$929,000

1701 Mimosa Dr, Richardson, TX, 75080

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths3,467 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$267.96 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size21,375 sqft

Building Information

Year Built1990
Roof Type105
Garage Spaces3

Land Information

APN42130700230220000
Lot Number22
SubdivisionJ J Pearce Sec
Land UseResidential
Legal DescriptionJ J PEARCE SEC 2 BLK 23 LOT 22 INT201200126457 DD04272012 CO-DC 1307002302200 3CR13070023
Census Tract019205
Assessed Land Value$460,000
Assessed Improvement Value$373,030
Assessment Year2026

About this property

Stunning traditional home on nearly one half acre corner lot in highly desirable J.J. Pearce neighborhood! Welcome home to 1701 Mimosa Drive, an exceptional 4-bedroom, 3.5-bath traditional home spanning 3,467 sq. ft. on a rare, sprawling 0.49-acre lot in the heart of Richardson! This custom level home combines expansive living spaces, high ceilings, and an abundance of natural light throughout. The main floor offers a flexible layout designed for both entertaining and comfortable daily living, including a spacious primary suite, two generous living areas, and a classic central kitchen with tons of storage, including a large walk-in pantry. Upstairs features two additional bedrooms connected by a shared full bath with separate vanities. An open loft style playroom is adjacent to both bedrooms and opens to a large balcony overlooking the pool and expansive backyard. Outside, enjoy an oversized backyard retreat with a pool and spa. A separate small fence separates the pool area from a separate backyard grassy area perfect for a play area or outdoor garden. Parking and storage are abundant with the oversized garage, circle driveway, and extra storage area. Unbeatable location just steps from top-rated RISD schools, Mohawk, North and JJ Pearce High School. Just steps away from local parks, dining, and easy access to US-75 and PGT. Don’t miss this incredible opportunity to own a premier property on one of the neighborhood's standout oversized lots.

Investor Tools

$451,358Estimated Mortgage Balance
$579,642Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,186 /month
Positive
Cash Flow Estimate:
$2,062 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,679/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,989
$833,030
2026
$460,000
$373,030
$833,030
No

Tax History

Year
Tax Paid
Assessed Value
2026
$14,989
$833,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$500,000
No
First
Sep 30, 2021
Oct 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,358
$579,642
56%
44%
$2,998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,330/mo
$2,998/mo
+$332/mo
3.9%

City: Richardson

1701 Mimosa Dr | Property Details | No Agent List