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$206,196

219 Melody Ln, Terrell, TX, 75160

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,606 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.53 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDisposal, Electric Oven

Exterior

Lot Size10,001 sqft

Building Information

Year Built1990
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3830.0004.0018.00.06.06
Lot Number18
SubdivisionTown North Estates 1
Land UseResidential
Legal DescriptionTOWN NORTH EST #1 BLOCK D LOT 18
Census Tract050402
Assessed Land Value$60,000
Assessed Improvement Value$146,196
Assessment Year2025

About this property

Located in a beautiful, established neighborhood in Terrell, this home is surrounded by wide streets, mature trees, and convenient access to everyday essentials. The property features generously sized rooms and offers a wonderful opportunity for a buyer to bring their own vision and personal touches. While the home does need some work, it is truly a hidden gem with strong fundamentals already in place. Situated on nearly a quarter-acre lot, the property includes both a carport and a garage, providing ample parking and storage. Major updates include a roof replaced in 2021, a water heater replaced in 2023, and foundation repairs completed in October 2024. Home is being sold as-is and will require additional repairs. Buyers utilizing renovation financing (FHA 203(k) or conventional renovation loans) are encouraged.

Investor Tools

Property Icon
$206,196
Estimated Property Value
$160,500Estimated Mortgage Balance
$98,471Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,237 /month
Positive
Cash Flow Estimate:
$412 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,476
$206,196
2025
$60,000
$146,196
$206,196
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,476
$206,196

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Reverse Mortgage / Hecm
$160,500
No
First
Mar 9, 2012
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,725
$98,471
47%
52%
$963/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.

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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: Terrell

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219 Melody Ln | Property Details | No Agent List