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$816,000

NAL Estimated Property Value

293 Melrose Ave, Irving, TX, 75039

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,219 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.49 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringHardwood

Exterior

Exterior FeaturesLighting
Lot Size7,141 sqft

Building Information

Year Built2014
Stories2
Roof Type105
Garage Spaces2

Land Information

APN325402100A0010000
Lot Number1
SubdivisionVillas At The Studios
Land UseResidential
Legal DescriptionVILLAS AT THE STUDIOS BLK A LOT 1 INT202300071476 DD04122023 CO-DC 5402100A00100 2CI5402100A
Census Tract014144
Assessed Land Value$110,000
Assessed Improvement Value$691,260
Assessment Year2025

About this property

Beautiful Better than New Highland Home in Villas at The Studios in Las Colinas. Best lot in the community. Gorgeous pool and spa. Large downstairs primary bedroom with bay windows. Beautiful primary master bath with double sinks, separate shower and free standing tub. Study with wall of built -ins. 2 additional bedrooms up. 4 separate living areas. Fantastic media room with wet bar. Beautiful hardwood floors. Large bright white kitchen with oversized granite island and gas cooktop. 3 CAR tandem garage. Plantation window shutters. Wood floors. Updated to the max. Light and bright interior corner lot. Dog run on side. Across from kids playground. Located seconds from the highly ranked Uplift North Hills Prep!

Investor Tools

Property Icon
$816,000
Estimated Property Value
$566,018Estimated Mortgage Balance
$249,982Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,896 /month
Positive
Cash Flow Estimate:
$1,632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,250/month
$1,545/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,923
$801,260
2025
$110,000
$691,260
$801,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,923
$801,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cefcu
Conventional
$600,000
No
First
Apr 12, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$566,018
$249,982
30%
69%
$3,598/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,910/mo
$5,143/mo
$-2,233/mo
4.3%

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: Irving

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293 Melrose Ave | Property Details | No Agent List