When was property at 518 Summit Drive built and last sold?

The property at 518 Summit Drive was built in 1961 and last sold on Aug 30, 2023 for $508,725.

How much is this home worth?

The estimated value of the home located at 518 Summit Drive is $0.

What are some comparable homes to 518 Summit Drive?

There are currently no comparable homes to 518 Summit Drive.

Richardson

75081

Highland Terrace

518 Summit Drive

$340,000

● House - Off Market

518 Summit Drive

Richardson, TX 75081

3 Beds

0 Bath

1,592 Ft²

$491,240

RealtyHop Estimate

46.68%

Since Jun 1, 2020

TX-Dallas

Primary Model

About This Property

MULTIPLE OFFERS...Rare find! Recently updated home with amazing detached office! This 3bed 2bath, is renovated w high-end designer finishes and is move-in ready! Open concept layout w hardwd flrs throughout kitchen, dining & living, plenty of kitchen storage, granite counters, neutral colors throughout, SS appliances. From dining area, french doors open to newly constructed, tree-shaded, custom deck w built-in seating. Nicely landscaped backyard for entertaining. Detached newly constructed office, designed for function & comfort. Use as office, art studio or extra living space. Ideal for anyone who enjoys the outdoors. Wonderful park and playground nearby. Detached bldg not incld in sq.footage.

Unit Size

1,592 Ft²

Days on Market

Land Size

0.22 acres

Price per sqft

$210

Property Type

House

Property Taxes

$641

HOA Dues

Year Built

1961

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Cap Rate Calculator

Last updated: 3 years ago (NTREIS #14259587)

Price History

Date / Event	Date	Event
Aug 31, 2023	Sold	Premium
Sold
Jul 28, 2023	Listed by Compass RE Texas, LLC	$450,000
Listed by Compass RE Texas, LLC

	Absolutely adorable - rare find! Updated home with wonderful detached office or flex space! This 3 bed 2 bath has an excellent open floor plan with great flow - ready for it's next family! Hardwood floors throughout kitchen, dining, living and one bedroom. Lots of kitchen storage, granite counters, neutral colors throughout, stainless steel appliances. Off the dining, custom french doors open to the huge backyard and tree-shaded, custom deck with built-in seating. Detached, tiny house, designed for function & comfort. Use as office, art studio or extra living space. Parks and playgrounds nearby. Detached tiny house not included in sq. footage and has it's own access code.
May 4, 2020	Sold	Premium
Sold
Jan 14, 2020	Listed by Keller Williams Central	$334,900
Listed by Keller Williams Central

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1961

Effective Year Built: 1996
Building Count: 1
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 1
Building Quality: 0
Construction Type: 6
Building Style: 0
Exterior Walls Type: 3
Interior Walls Type: 0
Roof Shape Type: 8
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 5
Basement Area: 0
Garage Type: 1
Garage Square Area: 440
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 10,134

Lot Size Depth Feet: 1,350
Lot Size Frontage Feet: 700
Total Building Area: 2,032
Building Area: 1,592
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 1,592
Heating Fuel Type: 3

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: HIGHLAND ESTATES 2
Land Acres: 0000000233
Standard Land Use Code: 1001
County Land Use Code: A11
State Land Use Code: A11
Legal Description 1: HIGHLAND ESTATES 2 BLK Q LOT 5 INT202000116159 DD05042020 CO-DC 0935001700500 3CR09350017

Neighborhood

School District Name: Richardson Independent School District

School Tax School District: RICHARDSON ISD
Census Tract: 019040

Zoning

Zoning: Z272

Geography

Assessors Map Reference: 420935001700500

Account Number: 420935001700500
Subdivision Tract Number: 9350
Parcel: 42-09350-017-005-0000
Block: Q
Lot: 5
Municipality: RICHARDSON
Latitude: 32.9387
Longitude: -96.7228

Address

Full Address: 518 Summit Dr

Address - House Number: 518
Address - Street Name: Summit
Address - Suffix Type: Dr
State: TX
City Name: Richardson
Carrier Code: C008
4-Digit Zip Code: 5120
Zip Code: 75081

Valuation

Tax

Tax Year: 2022

Tax Amount: $714,680
Tax Rate Code Area: RS

Appraisal Valuation

Standard Deviation: 0.2207

Valuation Date: Nov 15, 2023
Confidence Score: 69
Final Value: 465,624
High Value: 568,399
Low Value: 362,848

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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Market Valuation

Market Total Value: $374,420

Market Land Value: $95,000
Market Improvement Value: $279,420

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $374,420
Assessed Land Value: $95,000
Assessed Improvements Value: $279,420

Sales

Current Sale Contract Date: Aug 30, 2023

Current Sale Recording Date: Sep 01, 2023
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 177187
Previous Sale Recording Date: May 06, 2020
Previous Sale Contract Date: May 04, 2020
Previous Sale Amount: $403,800
Previous Sale Document Type: 70

Last Sale Mortgage

First Mortgage Lender:

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Previous Mortgages

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Previous Mortgage Transaction Date:

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Previous Mortgage Loan Amount:

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Previous Mortgage Loan Due Date:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Highland Terrace

Stats & Trends

Median Asking:

$348,000

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

Average Home Size

1803 ft²

Average Home Age

53.4 years

Currently For Sale

29 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 531 Matthew Place, Richardson, TX, 75081

$2,500 /mo

2 Beds
2 Baths
1,353 ft²

531 Matthew Place, Richardson, TX, 75081 Listing by Ashley Holliman

Unit for rent at 12305 Halima Street, Dallas, TX, 75243

$2,800 /mo

4 Beds
3 Baths
2,397 ft²

12305 Halima Street, Dallas, TX, 75243 Listing by Evan Shi

Unit for rent at 4237 Upland Way, Garland, TX, 75042

$2,500 /mo

4 Beds
2 Baths
1,296 ft²

4237 Upland Way, Garland, TX, 75042 Listing by Temesgen Habte

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Heather Kobs, Keller Williams Central
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14259587
Details provided by NTREIS and may not match the public record

518 Summit Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Highland Terrace

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions