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Days41Days on Market
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$295,000

1721 Melrose Street, Garland, TX, 75042

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,775 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.2 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Other
FlooringCeramic Tile, Other, Wood

Exterior

Exterior FeaturesStorage
Lot Size8,127 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26247500180060000
Lot Number6
SubdivisionGolden Meadows
Land UseResidential
Legal DescriptionGOLDEN MEADOWS 5 BLK 18 LT 0006 INT202200110261 DD04142022 CO-DC 2475001800600 1CG24750018
Census Tract018900
Assessed Land Value$70,000
Assessed Improvement Value$251,000
Assessment Year2025

About this property

Beautifully updated 4-bedroom home in established Garland featuring a versatile floor plan with spacious living areas and modern touches throughout. The oversized converted garage adds exceptional flexibility and can be used as a second primary suite, game room, office, or guest space. Interior updates give the home a fresh, move-in ready feel, while the large fenced backyard offers plenty of room for entertaining, pets, or outdoor gatherings. Conveniently located near shopping, dining, and major highways, this property is a great opportunity for buyers looking for space, functionality, and value. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach certificate to offer up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

Investor Tools

Property Icon
$321,000
Estimated Property Value
$0Estimated Mortgage Balance
$321,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,926 /month
Positive
Cash Flow Estimate:
$642 /month

Interested in this property?

Rebecca Ringer

The Street Real Estate Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$262/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,543
$321,000
2025
$70,000
$251,000
$321,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,543
$321,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$321,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
9.6%

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.

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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: Garland

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1721 Melrose Street | Property Details | No Agent List