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$564,000

NAL Estimated Property Value

1139 Melody Ln, Keller, TX, 76262

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,655 Sq Ft
price_per_sqft$271.9 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringCarpet, Tile

Exterior

Lot Size39,997 sqft

Building Information

Year Built1974
Stories1
Garage Spaces2

Land Information

APN25735-3-14
Lot Number14
SubdivisionMelody Hills Estates Addition
Land UseResidential
Legal DescriptionMELODY HILLS ESTATES ADDITION BLOCK 3 LOT 14
Census Tract113953
Assessed Land Value$367,320
Assessed Improvement Value$146,737
Assessment Year2025

About this property

*MULTIPLE OFFERS RECEIVED *HIGHEST AND BEST DUE SUNDAY 1-5-25 BY 5:00 PM New Listing: 1139 Melody Ln., Keller, TX 76262 .Professional photos coming soon. Estate sale this weekend but showings will be allowed by appointment only. Home is being sold as is. Timeless Character & Endless Potential This charming 3-bedroom, 2-bathroom home, built in 1974, is located in a highly desirable and well-established neighborhood in North Keller. Sitting on a spacious 0.918-acre lot with mature trees, it’s perfect for outdoor activities, family gatherings, and creating new memories. Key Features: A large wood-burning fireplace serves as the cozy focal point of the home—ideal for family nights and holiday celebrations. A large lot offering space, privacy, and endless possibilities for outdoor fun or future improvements. Timeless charm and solid structure waiting for your vision to bring it to life. While the home does need updating , it’s truly a diamond in the rough and a rare opportunity to own a beautiful property with almost a full acre of land in Keller. Don’t wait—this home won’t last long! Schedule your showing today. Make 1139 Melody Ln. your family’s next chapter!

Investor Tools

Property Icon
$564,000
Estimated Property Value
$337,301Estimated Mortgage Balance
$226,699Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,384 /month
Positive
Cash Flow Estimate:
$1,128 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$341/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,272
$514,057
2025
$367,320
$146,737
$514,057
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,272
$514,057

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Conventional
$344,400
No
First
Mar 5, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$337,301
$226,699
40%
60%
$2,065/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$2,065/mo
+$95/mo
4.6%

Learn About the Market: Opportunity in Texas

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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.

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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: Keller

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1139 Melody Ln | Property Details | No Agent List