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$188,530

333 Melrose Dr Apt 4b, Richardson, TX, 75080

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths932 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.59 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
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

APN4214800000HH00002
SubdivisionRichardson Crossing Condominiums
Land UseResidential
Legal DescriptionRICHARDSON CROSSING CONDOMINIUMS 7.743 ACS. BLDG HH UNIT 2 CE .6325% APT 4-B INT202200210609 DD07292022 CO-DC 14800000HH000
Census Tract019211
Assessed Land Value$32,030
Assessed Improvement Value$156,500
Assessment Year2025

About this property

Discover the perfect blend of comfort and style at Richardson Crossing! This unique 1 bedroom, 1.5 bath home offers far more than meets the eye. Having a spacious layout designed for modern living, with an open-concept flow that invites both relaxation and entertainment. The generously sized bedroom provides a serene retreat upstairs, with its own ensuite full bath and a convenient half-bath ensure ultimate convenience for you and your guests. Nestled in a sought-after location, this property offers easy access to local dining, shopping, and entertainment, making it ideal for anyone looking to enjoy a vibrant lifestyle.

Investor Tools

Property Icon
$188,530
Estimated Property Value
$122,500Estimated Mortgage Balance
$74,788Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,131 /month
Positive
Cash Flow Estimate:
$377 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,972
$188,530
2025
$32,030
$156,500
$188,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,972
$188,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$122,500
No
First
Jul 29, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,742
$74,788
39%
60%
$735/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$735/mo
+$635/mo
8.7%

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 4b | Property Details | No Agent List