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505 Richland Street

505 Richland Street, Lewisville, TX 75057
Property in Westridge Park
Sold Aug 10, 2016
$159,400
$127,500 by Quicken Loans Inc
Mortgage Due Sep 01, 2046
505 Richland Street has been categorized by the local assessors in Lewisville, TX as a residential type of property. The building on the property was first built in 1970 and is 54 years old. However, we must point out that the home was most recently renovated and altered in 1995. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 505 Richland Street has 1,490 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,290 ft and across the front of the lot is 940 ft. The area measurement of the land has been determined as 12,126 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 480 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 505 Richland Street was last sold in Aug 8, 2016 for $159,400. According to our calculations, that's $80.91 per sqft. Current property owners are expected to pay $5,948 in taxes per year. The property on 505 Richland Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $342,126. To break that down further, the land itself was valued at $109,134. While improvements to the property were assessed at a total of $232,992. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,126
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 940
  • Total Building Area: 1,970
  • Gross Building Area: 1,970
  • Building Area: 1,490
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,490
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WESTRIDGE PARK
  • Land Acres: 0.278
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTRIDGE PARK BLK A LOT 9

Ownership

  • Current Owner : LADEHOFF GALE
  • Current Owner 2: LADEHOFF NILES
  • Previous Owner : WAITE GARY LEE

Neighborhood

  • School District Name: Lewisville Independent School District
  • Census Tract: 021618

Geography

  • Assessors Map Reference: 628-H
  • Parcel: R40192
  • Block: A
  • Lot: 9
  • Municipality: LEWISVILLE CITY
  • Latitude: 33.0479
  • Longitude: -97.0045

    Address

  • Full Address: 505 Richland St
  • Address - House Number: 505
  • Address - Street Name: Richland
  • Address - Suffix Type: St
  • State: TX
  • City Name: Lewisville
  • Carrier Code: C026
  • 4-Digit Zip Code: 3632
  • Zip Code: 75057

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,948
  • Tax Rate Code Area: S09

    Appraisal Valuation

  • Standard Deviation: 0.202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 357,494
  • High Value: 429,710
  • Low Value: 285,278

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $127,500
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Aug 10, 2016
  • First Open Lien Mortgage Loan Amount: $127,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2046

    Market Valuation

  • Market Total Value: $342,126
  • Market Land Value: $109,134
  • Market Improvement Value: $232,992

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,126
  • Assessed Land Value: $109,134
  • Assessed Improvements Value: $232,992

    Sales

  • Current Sale Contract Date: Aug 08, 2016
  • Current Sale Recording Date: Aug 10, 2016
  • Current Sale Transaction ID: 1760885783
  • Current Sale Price: $159,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016-097770

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Aug 10, 2016
  • First Mortgage Loan Amount: $127,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

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Frequently Asked Questions

What neighborhood is 505 Richland Street located in?
The 505 Richland Street is a located in the neighborhood of Westridge Park in Westridge Park, Lewisville.
What is the average sales price for listings in 505 Richland Street?
The average sales price for units in 505 Richland Street is $0 currently.

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