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$842,000

NAL Estimated Property Value

1355 Melody Ln, Keller, TX, 76262

SoldInfo
6/24/26
Beds4 Beds
Baths3 Bath
Baths2,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$313.65 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Electric Cooktop, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size39,635 sqft

Building Information

Year Built1984
Garage Spaces2

Land Information

APN2012-2-4
Lot Number4
SubdivisionBelaire Hills Estates
Land UseResidential
Legal DescriptionBELAIRE HILLS ESTATES BLOCK 2 LOT 4
Census Tract113953
Assessed Land Value$125,000
Assessed Improvement Value$527,193
Assessment Year2025

About this property

MASSIVE .9+ ACRE LOT IN KELLER ISD-NO HOA-1984 custom built home. Mature trees, native perennial landscape, walking paths, raised garden beds, pool and spa. Interior fully repainted (2022). Wood and ceramic tile flooring. A 2015 full kitchen remodel with custom cabinetry, tile backsplash, stainless steel appliances, pot filler, roving Boos butcher block island, baker's center, pull-out drawers and adjustable shelves. The pantry utilizes custom elfa. Living has gas fireplace, future wet bar plumbing & built-ins with floating shelves. First floor primary suite with a spa-like ensuite bath with a dual vanity, custom cabinets, and walk-in closet system. Frameless walk-in shower with Guardian Shower Guard glass. Upstairs bedrooms, two with walk-in closets, and a flexible 4th bedroom or living & play area. Upstairs full bath with dual vanities. Irrigation water well, traditional septic system with sewer tap available at the street. Urethane painted garage floor, insulated OH door.

Investor Tools

Property Icon
$842,000
Estimated Property Value
$201,876Estimated Mortgage Balance
$640,124Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,655
$652,193
2025
$125,000
$527,193
$652,193
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,655
$652,193

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$81,811
No
First
Sep 15, 2015
Oct 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,876
$640,124
76%
24%
$1,391/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,391/mo
+$769/mo
3.1%

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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