NoAgentList RatingHow are grades calculated?

2view

Owner Contacts

$358,530

1318 Melbourne Avenue, Dallas, TX, 75224

Off Market

3 Beds

2 Bath

1,614 Sq Ft

Single Family Residence

$201.36 / sqft

Built in 1939

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal

FlooringCeramic Tile, Wood

Exterior

Lot Size7,433 sqft

Building Information

Year Built1939

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000313882000000

Lot Number13

SubdivisionElmwood

Land UseResidential

Legal DescriptionELMWOOD BLK 13/4274 LT 13 INT202100124422 DD04272021 CO-DC 4274 013 01300 2004274 013

Census Tract006302

Assessed Land Value$95,000

Assessed Improvement Value$263,530

Assessment Year2025

About this property

Charming prairie-style home with gorgeous upgrades located near Bishop Arts. Open concept layout featuring beautiful wood floors and large windows paired with original 1939's charm. Stunning kitchen boasts generous-sized cabinets and granite countertop space, Farmhouse sink, stainless steel appliances and undercabinet lighting. Sellers added additional bathroom with subway tile, standing shower and plenty of storage. Third bedroom would also work well as a nursery or office. Recent updates include gas insert in fireplace, insulation in attic, added french drains and more. Enjoy Texas weather on open deck overlooking large backyard. Nestled in Elmwood.

Investor Tools

$358,530

Estimated Property Value

$0Estimated Mortgage Balance

$84,104Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,151 /month

Positive

Cash Flow Estimate:

$717 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$620/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,648

$358,530

2025

$95,000

$263,530

$358,530

Tax History

Year

Tax Paid

Assessed Value

2024

$5,648

$358,530

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Southwest Funding Lp

Conventional

$304,000

First

Apr 27, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$274,426

$84,104

23%

77%

$1,823/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,823/mo

+$149/mo

6.6%

Learn About the Market: Opportunity in Dallas

Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore This Area