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$246,000

1553 Melbourne Dr, Corpus Christi, TX, 78415

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,586 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.05 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available

Exterior

Lot Size15,899 sqft

Building Information

Year Built1952
Roof Type105
Garage Spaces480

Land Information

APN9921-0005-0160
Lot Number16-17
SubdivisionWynwood #2
Land UseResidential
Legal DescriptionWYNWOOD 2 LT 16 AND SW 41FT OF LT 17 BK 5
Census Tract002002
Assessed Land Value$31,822
Assessed Improvement Value$186,742
Assessment Year2025

About this property

Welcome HOME!!! This Bayside Home is ready for YOU! Recently redone but there's still room for you to really make it YOURS! Gorgeous Hardwood Floors throughout, Beautiful Cabinetwork, a Bonus Space or Office and an Extra Half Bath off the Garage are just a few of the features... Also has a Massive CORNER Lot/Backyard, an Additional Storage Bldg and a NEW ROOF (2024)!!! See this HOME and let's make it YOURS TODAY!!!

Investor Tools

Property Icon
$246,000
Estimated Property Value
$193,000Estimated Mortgage Balance
$55,822Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,485 /month
Positive
Cash Flow Estimate:
$495 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,968
$218,564
2025
$31,822
$186,742
$218,564
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,968
$218,564

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank Lexington
Conventional
$193,000
No
First
Jun 30, 2025
Jul 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,178
$55,822
22%
77%
$1,158/mo

Learn About the Market: Opportunity in Texas

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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: Corpus Christi

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1553 Melbourne Dr | Property Details | No Agent List