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$224,230

NAL Estimated Property Value

333 Melrose Drive 24B, Richardson, TX, 75080

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,161 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$192.94 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal

Exterior

Lot Size7.74 acres

Building Information

Year Built1981
Stories2
Roof Type104

Land Information

APN42148000000Q00002
SubdivisionRichardson Crossing Condominiums
Land UseResidential
Legal DescriptionRICHARDSON CROSSING CONDOMINIUMS ACS 7.743 BLDG Q UNIT 2 CE .7879% APT 24-B INT202400133934 DD07022024 CO-DC 148000000Q000
Census Tract019211
Assessed Land Value$39,870
Assessed Improvement Value$184,360
Assessment Year2025

About this property

Unique 2 story condo with private patio in desirable Richardson Crossing Condominiums conveniently located near Hwy 75 and minutes from UT Dallas. This 2 bedroom, 2.5 bathroom floor plan offers a spacious living room and dining area. Full-size utility area and half bath conveniently located downstairs. New carpet and fresh paint throughout. The unit sits in back of complex with a nice private patio. Water and trash are covered by HOA. Each unit comes with an assigned covered parking

Investor Tools

Property Icon
$224,230
Estimated Property Value
$157,770Estimated Mortgage Balance
$66,460Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,345 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
$567/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,132
$224,230
2025
$39,870
$184,360
$224,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,132
$224,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chevron Fcu
Conventional
$163,125
No
First
Jul 2, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,770
$66,460
29%
70%
$979/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$1,546/mo
+$74/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 Drive 24B | Property Details | No Agent List