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$250,000

1200 Melony Drive B, Sulphur Springs, TX, 75482

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,516 Sq Ft
price_per_sqft$164.91 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesFire Pit, Storage

Building Information

Year Built1984
Garage Spaces3

Land Information

APNR000028461
Lot Number7,21
SubdivisionGarden Oaks
Land UseResidential
Legal DescriptionLOT 21 & PT LOT 7 BLK 215 & PT 101/1 ADDN: GARDEN OAKS
Census Tract950402
Assessed Land Value$25,000
Assessed Improvement Value$141,640
Assessment Year2025

About this property

Looking for a place that's easy to love? Step into this unique and private, gated property that has everything you need! It features 1bed-1bath and a large open living area that's perfect for relaxing or spending time with family and friends. Inside, you'll find high vaulted ceilings, plenty of natural light, and recessed lights. The large u-shaped kitchen includes granite countertops, spacious breakfast bar seating, and stainless steel appliances. Enjoy wooded backyard views from the living room with a wall of windows. The 23x13 bedroom gives you plenty of room, plus an elegant bathroom with double sinks, two built-in linen closets, and an oversized walk-in shower with built-in seats. The 3-car garage includes a shop area that could easily be turned back into a second bedroom, giving you extra space for guest, home office, or hobbies. Outside, enjoy the big shady yard and huge concrete patio with a fire pit-a great spot for cookouts, entertaining, or just unwinding at the end of the day. Property backs up to a wooded area connected to Lake Coleman Park.The house is perfect for someone just starting out or looking to downsize without giving up outdoor space. It could also make a great short-term rental, thanks to its location just minutes from downtown Sulphur Springs, where you'll find shopping, restaurants, and all the fun community events.

Investor Tools

$48,671Estimated Mortgage Balance
$255,329Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,824 /month
Positive
Cash Flow Estimate:
$608 /month

Interested in this property?

Janet Martin

Janet Martin Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$168/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$499
$166,640
2025
$25,000
$141,640
$166,640
No

Tax History

Year
Tax Paid
Assessed Value
2025
$499
$166,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Bank & Trust
Arm (Adjustable Rate Mortgage)
$66,285
No
First
Jul 29, 2014
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,671
$255,329
83%
16%
$398/mo

City: Sulphur Springs