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$175,000

336 Melrose Dr Apt 9a, Richardson, TX, 75080

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,147 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$152.57 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Microwave, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Lot Size5.42 acres

Building Information

Year Built1983
Stories1
Roof Type104
Garage Spaces1

Land Information

APN42148200000I000I1
SubdivisionRichardson Crossroads
Land UseResidential
Legal DescriptionRICHARDSON CROSSROADS PH 1 & 2 RCHDSN CRSNG2 TR 1.1&1.4 5.42ACS BLDG I UNIT I1 CE.0137% APT 9A INT202000061915 DD02282020
Census Tract019211
Assessed Land Value$38,810
Assessed Improvement Value$190,190
Assessment Year2025

About this property

Amazing! A one-story, two bedroom, two bath condo in a very desirable West Richardson location! Corner unit features a large patio with some grass and room to garden. Pretty laminate flooring for entire house except for kitchen and baths (ceramic tile). Lovely living room has a woodburning fireplace and is open to formal dining. Flexible space. Large master is being used as an office. This roomy master bath has dual sinks and 2 closets. Second bedroom is split with its own bath. Eat-in kitchen includes a large pass-thru to the living room, tile flooring, and windows overlooking the yard. The aluminum garage door has just been recently replaced. Excellent location across from pool includes extra guest parking.

Investor Tools

Property Icon
$229,000
Estimated Property Value
$148,000Estimated Mortgage Balance
$99,135Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
$314/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,993
$229,000
2025
$38,810
$190,190
$229,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,993
$229,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gsf Mortgage Corp
Conventional
$148,000
No
First
Feb 28, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$129,865
$99,135
43%
57%
$888/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$1,202/mo
+$418/mo
8.5%

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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