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$162,000

333 Melrose Drive 2B, Richardson, TX, 75080

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,034 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$156.67 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size7.74 acres

Building Information

Year Built1981
Stories2
Roof Type104

Land Information

APN4214800000FF00002
SubdivisionRichardson Crossing Condominiums
Land UseResidential
Legal DescriptionRICHARDSON CROSSING CONDOMINIUMS 7.743 ACS. BLDG FF UNIT 2 CE .7017% APT 2-B INT202200089301 DD03282022 CO-DC 14800000FF00
Census Tract019211
Assessed Land Value$35,520
Assessed Improvement Value$159,440
Assessment Year2025

About this property

MULTIPLE OFFERS received. Seller will make a decision March 15th. Cute two bedroom condo in Richardson. Downstairs features a living room with pretty brick fireplace and separate dining room. Nice & bright Kitchen with window comes equipped with built-in cabinetry. Two bedrooms upstairs with plenty of closet and storage space. Full bath connects to Primary bedroom and hallway. Many windows throughout! Downstairs half bath includes washer and dryer connections. Ready for a creative buyer. In an estate and being sold as-is. Located by the community pool. Comes with one assigned covered parking space and a private open patio. RISD feeding into Pearce HS.

Investor Tools

Property Icon
$194,960
Estimated Property Value
$0Estimated Mortgage Balance
$194,960Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$424/month
$282/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,112
$194,960
2025
$35,520
$159,440
$194,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,112
$194,960

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$194,960
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$282/mo
+$1,338/mo
10.0%

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.

Explore Texas Explore This Area
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 2B | Property Details | No Agent List