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$426,300

NAL Estimated Property Value

430 Melrose Dr, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,644 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.43 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave
FlooringCeramic Tile, Combination, Simulated Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,605 sqft

Building Information

Year Built1962
Stories1
Roof Type105

Land Information

APN42121500030360000
Lot Number36
SubdivisionNorthway Acres
Land UseResidential
Legal DescriptionNORTHWAY ACRES 2 BLK 3 LOT 36 INT202300093992 DD05112023 CO-DC 1215000303600 3CR12150003
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$321,300
Assessment Year2025

About this property

Multiple offers received. Please submit final and best by 5PM on 4.17.2023. Super cute home and move in ready! Pristine condition. Excellent floor plan. Light and Bright. Gorgeous Kitchen opens to dining and living room. Stainless steel appliances, granite and tile backsplash. Walk in Kitchen pantry. Living room with backyard view. FOUR BEDROOMS and THREE FULL BATHS. All rooms generous in size. Large laundry can easily accommodate fridge or freezer. So many updates! 2023 Interior and exterior paint, fresh landscaping. 2022 updates include roof, gutters, electric panel, windows and water heater. Kitchen and bathrooms have been updated in the past seven years. Pool sized backyard. Oversized deck. Storage Building. Minutes to 75, PGBT, and UTD. Hurry! This will go fast!

Investor Tools

Property Icon
$426,300
Estimated Property Value
$303,731Estimated Mortgage Balance
$122,569Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,558 /month
Positive
Cash Flow Estimate:
$853 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$952/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,295
$426,300
2025
$105,000
$321,300
$426,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,295
$426,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Unknown
$321,412
No
First
May 11, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,731
$122,569
28%
71%
$1,928/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$1,928/mo
+$732/mo
7.5%

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.

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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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430 Melrose Dr | Property Details | No Agent List