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$264,010

333 Melrose Dr Apt 18c, Richardson, TX, 75080

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,377 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.45 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size7.74 acres

Building Information

Year Built1981
Stories2
Roof Type104

Land Information

APN42148000000W00004
SubdivisionRichardson Crossing Condominiums
Land UseResidential
Legal DescriptionRICHARDSON CROSSING CONDOMINIUMS 7.743 ACS. BLDG W UNIT 4 CE .9345% APT 18-C INT202200210605 DD07292022 CO-DC 148000000W000
Census Tract019211
Assessed Land Value$47,300
Assessed Improvement Value$216,710
Assessment Year2025

About this property

Welcome to Richardson Crossing in the vibrant city of Richardson, TX! This spacious two-bedroom, two-bath condo offers a perfect blend of comfort and practicality. Find warm wood floors flowing through the living and dining areas, creating a welcoming atmosphere. The charming eat-in kitchen, complete with a view of the patio, is ideal for your morning coffee. The home features vaulted ceilings, a cozy wood-burning fireplace, and even a wet bar. Upstairs, you'll find a generously sized second living area, offering flexibility for a home office, media room, or playroom. Refrigerator, washer, and dryer are included, making your move a breeze. Located just minutes from Highway 75 and George Bush Turnpike, you'll enjoy easy access to shopping, dining, and entertainment. Don’t miss the chance to make this conveniently located condo your own!

Investor Tools

Property Icon
$264,010
Estimated Property Value
$158,900Estimated Mortgage Balance
$116,471Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,584 /month
Positive
Cash Flow Estimate:
$528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,409
$264,010
2025
$47,300
$216,710
$264,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,409
$264,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$158,900
No
First
Jul 29, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,539
$116,471
44%
56%
$953/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$953/mo
+$1,087/mo
9.3%

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: Richardson

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333 Melrose Dr Apt 18c | Property Details | No Agent List