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$179,000

NAL Estimated Property Value

336 Melrose Drive 23C, Richardson, TX, 75080

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths868 Sq Ft
price_per_sqft$218.32 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size5.42 acres

Building Information

Year Built1984
Stories2
Roof Type104

Land Information

APN42148200000T000T3
SubdivisionRichardson Crossroads
Land UseResidential
Legal DescriptionRICHARDSON CROSSROADS PH 1 & 2 RCHDSN CRSNG2 TR 1.1&1.4 5.42ACS BLDG T UNIT T3 CE.0103% APT 23C INT200600137795 DD04112006
Census Tract019211
Assessment Year2025

About this property

Location! Location! Location! Conveniently nestled in the heart of Richardson, this stylish 1 bedroom, 1.5 bath loft condo offers unbeatable convenience. Just minutes to UTD the University of Texas at Dallas, the DART rail, and major highways including 75, PGBT, and 635 makes commutes a breeze. This unit, located on the FIRST floor, is charming and move-in ready, with the opportunity to purchase fully furnished! It features an updated kitchen and baths as well as hardwood floors throughout. The loft-style primary suite features generous closet space and an updated ensuite bath, while the main level includes a convenient half bath for guests. Enjoy your own private, fenced-in patio, ideal for morning coffee or evening gatherings. Covered parking keeps your vehicle protected, and the community offers a sparkling pool, easy-maintenance living, a clubhouse and well-kept grounds. Whether you’re a first-time buyer, downsizing, or investing, this property checks all the boxes. Feeds to highly desired JJ Pearce HS in Richardson ISD. Don’t wait—this low maintenance living Condo won’t last long!

Investor Tools

Property Icon
$179,000
Estimated Property Value
$134,219Estimated Mortgage Balance
$44,781Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,137 /month
Positive
Cash Flow Estimate:
$379 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,668
$168,200
2025
N/A
N/A
$168,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,668
$168,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Arc Home Llc
Conventional
$135,000
No
First
Jan 5, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,219
$44,781
25%
75%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,160/mo
+$210/mo
9.2%

Learn About the Market: Opportunity in Texas

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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 23C | Property Details | No Agent List