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$191,200

336 Melrose Drive 21C, Richardson, TX, 75080

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths940 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$154.26 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

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 Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Lot Size5.42 acres

Building Information

Year Built1984
Stories2
Roof Type104
Garage Spaces1

Land Information

APN42148200000R000R3
SubdivisionRichardson Crossroads
Land UseResidential
Legal DescriptionRICHARDSON CROSSROADS PH 1 & 2 RCHDSN CRSNG2 TR 1.1&1.4 5.42ACS BLDG R UNIT R3 CE.0112% APT 21C INT202100266289 DD09032021
Census Tract019211
Assessed Land Value$31,730
Assessed Improvement Value$159,470
Assessment Year2025

About this property

Updated spacious 2 story condo. Wood burning brick fireplace. Bedroom and full bath upstairs along with a loft room that could be an office, second living area, or a kids bedroom. Wood laminate floors throughout. Kitchen has built in microwave with updated counter tops. Assigned covered carport outside your back door. Water, sewer and trash included in HOA dues. Conveniently located near shopping, restaurants, and 5 minutes from Central Expressway. Agent is related to seller.

Investor Tools

Property Icon
$191,200
Estimated Property Value
$0Estimated Mortgage Balance
$67,094Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,147 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
$258/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,169
$191,200
2025
$31,730
$159,470
$191,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,169
$191,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bancorpsouth Bank
Conventional
$137,750
No
First
Mar 25, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,106
$67,094
35%
65%
$826/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,084/mo
+$286/mo
8.6%

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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336 Melrose Drive 21C | Property Details | No Agent List