518 Summit Dr, Richardson, TX 75081
OFF MARKET

518 Summit Dr
Richardson, TX 75081

Highland Terrace
  • 3 Beds
  • 2 Baths
  • 1,592 sqft

$457,200

Trulia Estimate
as of Jul 27, 2026
Est. Refi. Payment $2,393/mo*
Refinance Your Home

$457,200

Trulia Estimate
as of Jul 27, 2026
Est. Refi. Payment $2,393/mo*
Refinance Your Home
3 Beds
2 Baths
1,592 sqft

Local Information

  • Map ViewExplore the area around 518 Summit Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1961
Living Area
1,592 sqft
Price/Sqft
$287
Parking
2 Car Garage

About this House

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.
518 Summit Dr, Richardson, TX 75081 is a 3 bedroom, 2 bathroom, 1,592 sqft single-family home in Highland Terrace, built in 1961. It last sold for the $450,000 asking price on Aug 31, 2023. It is currently off market. The Trulia Estimate is $457,200, with a rent estimate of $2,401/month.

Home Details for 518 Summit Dr

Interior Features

Interior Details
Number of Rooms: 6Types of Rooms: Master Bedroom, Bedroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1592 Square Feet
Appliances & Utilities
Utilities: Sewer Available, Water Available, Cable AvailableAppliances: Dishwasher, Disposal, Gas Range, MicrowaveDishwasherDisposalMicrowave
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Hardwood

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: DeckFencing: WoodFoundation: Pillar/Post/Pier
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Garage Faces Front,Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 5

Property Information

Year Built
Year Built: 1961
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Ranch,Traditional,Detached
Building
Construction Materials: BrickNot Attached Property
Property Information
Not Included in Sale: Chandelier over dining table, refrigerator, washer and dryerParcel Number: 42093500170050000

Price & Status

Price
List Price: $450,000
Status Change & Dates
Possession Timing: Close Plus 30 to 60 Days

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: RichardsonCommunity: Highland Estates
School Information
Elementary School: Richardson TerraceElementary School District: Richardson ISDJr High / Middle School District: Richardson ISDHigh School: BerknerHigh School District: Richardson ISD

HOA

No HOA

Lot Information

Lot Area: 9452.52 sqft

Offer

Listing Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan

Miscellaneous

Mls Number: 20393515Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-48113-N-42093500170050000-R-N
Last check for updates: about 16 hours ago
Listed by Summer Graham 0690663
Compass RE Texas, LLC, (214) 814-8100
Bought with: John Killian, Rendon Realty, LLC, (817) 592-3008
Source: NTREIS, MLS#20393515

Price History for 518 Summit Dr

DatePriceEventSource
08/31/2023--Sold
NTREIS #20393515
08/14/2023$450,000PendingNTREIS #20393515
08/08/2023$450,000ContingentNTREIS #20393515
08/03/2023$450,000Listed For SaleNTREIS #20393515
05/04/2020--Sold
N/A
02/03/2020$334,900PendingAgent Provided
01/16/2020$334,900Listed For SaleAgent Provided
03/03/2016--Sold
N/A
02/01/2016$264,000PendingAgent Provided
01/28/2016$264,000Listed For SaleAgent Provided

Market trends in Richardson

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$455K
$3.48KMoM
Sale-to-List Price
99.0%
0.5%MoM
Price per sq ft
$226
$7MoM
Available listings
415
25MoM
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Property Tax and Assessment

Year2025
Tax$4,337
Assessment$447,370
Home facts updated by county records

Comparable Sales for 518 Summit Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
529 Summit Dr, Richardson, TX
0.08
Single-Family Home
-
04/21/26
3
2
1,698
437 Summit Dr, Richardson, TX
0.09
Single-Family Home
-
03/27/26
3
2
1,703
534 Summit Dr, Richardson, TX
0.11
Single-Family Home
-
04/03/26
3
2
1,428
515 Park Ln, Richardson, TX
0.17
Single-Family Home
-
08/06/25
3
2
1,965
556 Summit Dr, Richardson, TX
0.25
Single-Family Home
-
12/03/25
3
2
1,769
315 S Dorothy Dr, Richardson, TX
0.36
Single-Family Home
-
07/30/25
3
2
1,573
531 Summit Dr, Richardson, TX
0.09
Single-Family Home
-
04/14/26
4
3
2,051
533 Pittman St, Richardson, TX
0.35
Single-Family Home
-
03/09/26
3
2
1,848
418 Frances Way, Richardson, TX
0.48
Single-Family Home
-
08/29/25
3
2
1,413
422 Grace Dr, Richardson, TX
0.28
Single-Family Home
-
02/17/26
4
3
2,111

Nearby homes

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Assigned Schools

These are the assigned schools for 518 Summit Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Highland Terrace
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Highland Terrace

At least 42 Trulia users voted on each feature.

  • 90 % Say parking is easy

  • 88 % Say yards are well-kept

  • 86 % Say there are sidewalks

  • 83 % Say it's dog friendly

  • 79 % Say car is needed

  • 74 % Say it's walkable to grocery stores

  • 70 % Say there's holiday spirit

  • 70 % Say they plan to stay for at least 5 years

  • 65 % Say it's quiet

  • 63 % Say people would walk alone at night

  • 56 % Say kids play outside

  • 54 % Say it's walkable to restaurants

  • 49 % Say streets are well-lit

  • 47 % Say neighbors are friendly

  • 37 % Say there's wildlife

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Angela
    "Cottonwood arts festival, free recycling center, dfw china town, packages are safe, close to downtown Dallas "
    0
    Flag
  • Kristie
    "I love my neighborhood. Our street is well lit at night, and there is always a safe place to walk my dogs."
    1
    Flag
  • Kristie
    "This neighborhood is clean and everyone is friendly! Everything you might need is close by. There are lots of people always out walking. "
    2
    Flag
  • Teresaodoc283
    "its beautiful and it is a very safe place to live. the people are nice and friendly. Neighbors help each other when needed. "
    3
    Flag
  • Jonna V.
    "I live very close to the entrance of Highway 75 South where I commute further into Dallas for work; it's very convenient and I can get to work in about 10 minutes without traffic."
    0
    Flag
  • Shmeka C.
    "neighborhood has great family feel always something going on from baseball to basketball even soccer always something to do with the kiddos "
    0
    Flag
  • Kristie
    "I do not have a daily commute, but in my outings, my experience has been that public transportation downtown is very simple. The convenience of Spring Valley Station is unbeatable."
    1
    Flag
  • Emh21
    "Fenced yards so dogs won’t wander. Everyone is friendly and have no problems with dogs. We’ve never had a problem with stray dogs in the area. "
    0
    Flag
  • Cristy Keener
    "I have lived in this neighborhood for 10 years. I love the diversity, friendliness, and the sense of community it offers."
    6
    Flag
  • Davina k.
    "I love the DFW China town across the street! Great well known and highly reviewed restaurants. I also love he jogging trail!"
    0
    Flag
  • Davina k.
    "DFW China town is right across the street. Very easy access to the highway, and I love the jogging trail. "
    0
    Flag
  • Joseph L. N.
    "If you are looking for convenient, not have to drive an hour in any one direction, have authentic food all around you, this is the area for you. This area can be gentrify at any time and the value would go through the roof. It is a great area that has yet to be discover by the developers, but eventually will."
    0
    Flag
  • erinjohnson15
    "wonderful area, huge mix of people and ages, beautiful trees, great schools, we love it!"
    0
    Flag

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Homes for sale near 518 Summit Dr

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Off Market Homes Near 518 Summit Dr

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.