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$475,480

1893 Melinda Ln, Farmers Branch, TX, 75234

SoldInfo
6/30/26
Beds3 Beds
Baths2 Bath
Baths1,800 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.78 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal

Exterior

Lot Size2,700 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN241055400L0310000
Lot Number31
SubdivisionKensington Place
Land UseResidential
Legal DescriptionKENSINGTON PLACE BLK L LT 31 ACS 0.0620 INT202200323742 DD12032022 CO-DC 1055400L03100 2CF1055400L
Census Tract014002
Assessed Land Value$70,000
Assessed Improvement Value$405,480
Assessment Year2025

About this property

Welcome to 1893 Melinda Lane in the highly desirable Mercer Crossing master-planned community! Built in 2022, this beautifully maintained townhome offers modern finishes, an open-concept design, and a low-maintenance lifestyle in one of the most convenient locations in DFW. The bright and spacious floor plan features soaring ceilings, abundant natural light, and a stylish kitchen complete with quartz countertops, stainless steel appliances, a gas range, soft-close cabinetry, a walk-in pantry, and an oversized island with bar seating. The kitchen opens seamlessly to the living and dining areas, creating the perfect space for entertaining or relaxing at home. Upstairs, the spacious primary suite offers a private retreat with dual vanities, an oversized walk-in shower, and a generous walk-in closet. Two additional bedrooms provide flexibility for family members, guests, or a home office. A conveniently located upstairs utility room and ample storage add to the home's functionality. Enjoy a lock-and-leave lifestyle with HOA-maintained landscaping and access to Mercer Crossing’s exceptional amenities, including multiple resort-style pools, a fitness center, clubhouse, dog parks, playgrounds, scenic lakes, jogging and biking trails, and community events. Ideally located near I-635, I-35E, and President George Bush Turnpike, this home provides quick access to DFW Airport, Love Field, Downtown Dallas, Downtown Fort Worth, major employment centers, shopping, dining, and entertainment. Don't miss this opportunity to lease a nearly new home in one of Farmers Branch's most sought-after communities.

Investor Tools

Property Icon
$475,480
Estimated Property Value
$0Estimated Mortgage Balance
$475,480Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,853 /month
Positive
Cash Flow Estimate:
$951 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$641/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,314
$475,480
2025
$70,000
$405,480
$475,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,314
$475,480

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$475,480
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
N/A
+$1,990/mo
5.0%

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: Farmers Branch

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