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$475,480

NAL Estimated Property Value

1903 Melinda Ln, Farmers Branch, TX, 75234

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,800 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$258.33 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size1,980 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN241055400L0260000
Lot Number26
SubdivisionKensington Place
Land UseResidential
Legal DescriptionKENSINGTON PLACE BLK L LT 26 ACS 0.0455 INT202100331795 DD11022021 CO-DC 1055400L02600 2CF1055400L
Census Tract014002
Assessed Land Value$70,000
Assessed Improvement Value$405,480
Assessment Year2025

About this property

Motivated seller encouraging buyer offers! Fully furnished option avail with offer. Gorgeous townhome in the highly sought-after Mercer Crossing community. Elevated with designer touches throughout, this gem stands alone within the community. The spacious kitchen is designed to elevate your cooking experience, featuring an oversized center island, top-of-the-line stainless Whirlpool appliances, including a 5-burner gas cooktop, oven, microwave, and dishwasher. Additional designer touches include an upgraded farmhouse sink with stunning hardware, linear stacked tile backsplash that adds further refinement, and a state-of-the-art Samsung refrigerator with a built-in touchscreen display that enhances the home’s high caliber feel. The oversized dining room is perfect for entertaining or family meals, while the cozy, light-filled living area offers the ideal balance of comfort and elegance for everyday living. A beautifully updated designer half bath features a new vanity, upgraded hardware, designer paint, adding even more sophistication to the home. Head upstairs to find three generously sized bedrooms and a versatile flex area. The primary suite is a true retreat, highlighted by a beautiful accent wall that creates a warm and inviting atmosphere while offering a sense of luxury and relaxation. The suite also features two expansive closets and a spa-like ensuite bath with gorgeous upgraded cabinetry and hardware, dual vanities, and designer finishes throughout. Additional highlights include front-loading Samsung washer and dryer units with pedestal stands for added convenience and storage. Located within a master-planned community, residents enjoy exceptional amenities including an amenity center, multiple pools, a fitness center, dog parks, playgrounds, lakes, and extensive walking trails. Location is unbeatable, offering easy access to 635, I-35, the George Bush Turnpike, both airports, and countless shopping and dining options. Don’t miss this move-in-ready gem!

Investor Tools

Property Icon
$475,480
Estimated Property Value
$300,081Estimated Mortgage Balance
$177,101Estimated Equity
36% 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
$321/month
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

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central Trust Bank
Conventional
$327,990
No
First
Nov 2, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$300,081
$175,399
36%
63%
$1,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$2,288/mo
$-298/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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1903 Melinda Ln | Property Details | No Agent List