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$369,000

1102 Melrose Dr, Richardson, TX, 75080

$435,865 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,061 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.04 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,374 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42195501840170000
Lot Number17
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH6 BLK 184 LOT 17 INT201900291938 DD10282019 CO-DC 1955018401700 3CR19550184
Census Tract019205
Assessed Land Value$300,000
Assessed Improvement Value$261,000
Assessment Year2025

About this property

Highly sought after & well maintained 4 BDRM, 2.5 BA Pier & Beam One story in the Reservation. Walk to Mohawk Elem, JJ Pearce High, & Mimosa Park! Fabulous treed lot W Sprinkler System! Den has brick floors W WBFP. Updated tubs & showers in baths. Vinyl windows throughout! So many updates including roof (2016), Water Heater (2016), HVAC (2011), Fence (2013). Wonderful neutral décor! Light, bright kitchen has granite countertops & updated cabinetry. Recessed lighting. Master has 2 closets & bath W updated shower, medicine cabinets, linen closet & clothes hamper. Oversized garage! Wonderful home in one of the finest West Richardson neighborhoods!

Investor Tools

Property Icon
$561,000
Estimated Property Value
$332,000Estimated Mortgage Balance
$272,150Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$435,864
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,366 /month
Positive
Cash Flow Estimate:
$1,122 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$994/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,128
$561,000
2025
$300,000
$261,000
$561,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,128
$561,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$332,000
No
First
Oct 28, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,850
$272,150
48%
51%
$1,991/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$1,991/mo
+$669/mo
5.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Richardson

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