About this home

INVESTORS ONLY! Start earning income from day one with this turnkey investment property featuring a dependable long-term tenant already in place. The current tenant has renewed their lease through July 2027 @ $1,600 per month, providing immediate cash flow. The tenant has maintained an excellent payment history with no late payments, offering a proven rental history and seamless transition for the new owner. HOA dues are $482 per month. Nestled within the gated One Orleans Place community in Richardson ISD, this spacious townhome style condominium offers 2 bedrooms, 2.5 baths, and approximately 1,075 square feet of comfortable living. A welcoming private entrance tucked among mature trees and lush landscaping, creating a peaceful setting rarely found in condominium living. Inside, the inviting living room features a cozy fireplace, while the galley kitchen offers granite countertops, and breakfast bar that connects to the dining area.. A convenient half bath is located on the first floor for guests. Both bedrooms are privately situated upstairs, each featuring its own ensuite bath and walk-in closet. The oversized primary suite includes a generous sitting area that's perfect for a home office, reading nook, or exercise space plus a private balcony overlooking the wooded creek and natural surroundings, providing a relaxing retreat. Step outside to beautifully maintained grounds with towering shade trees, tranquil creek views, and inviting outdoor spaces that give the community a park-like atmosphere and just steps from the community sparkling pool with adjoining sun deck and picnic area. Residents enjoy gated access, assigned covered parking, and HOA-maintained grounds for truly low-maintenance ownership. Conveniently located near I-635, shopping, dining, and major employment centers, this is an outstanding opportunity to add a stable, income-producing property to your investment portfolio.

Facts and features

Schools

• Forest Lane Academy

  elementary · K-5 · 0.4 mi

  3

• Forest Meadow Junior High School

  middle · 6-8 · 1.3 mi

  4

• Lake Highlands High School

  high · 9-12 · 1.5 mi

  5

• Autism Treatment Center Day School Program

  elementary · 0.9 mi

• Thurgood Marshall Elementary School

  elementary · K-6 · 0.5 mi

• Aikin Elementary School

  elementary · K-5 · 0.5 mi

  3

Price history

• Aug 4, 2026 · Listed$170,000
• Mar 31, 2004 · Sold—
• Jan 6, 2004 · Listed$69,900

Tax history

• 2025$3,591 tax · $153,590 assessed
• 2023$2,866 tax · $118,250 assessed
• 2022$3,110 tax · $118,250 assessed
• 2021$2,540 tax · $91,380 assessed
• 2020$2,577 tax · $91,380 assessed
• 2019$2,596 tax · $91,380 assessed
• 2018$2,222 tax · $75,250 assessed
• 2017$1,215 tax · $43,000 assessed

Home value

$165,163

• Quantarium$165,163
• Collateral Analytics$168,000
• Cotality$161,300

Where it is