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$494,000

NAL Estimated Property Value

439 Melrose Dr, Richardson, TX, 75080

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,100 Sq Ft
price_per_sqft$199.52 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal
FlooringTile, Wood

Exterior

Lot Size8,307 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42121500060040000
Lot Number4
SubdivisionNorthway Acres
Land UseResidential
Legal DescriptionNORTHWAY ACRES 2 BLK 6 LT 4 INT202400171341 DD08222024 CO-DC 1215000600400 3CR12150006
Census Tract019211
Assessed Land Value$105,000
Assessed Improvement Value$275,120
Assessment Year2025

About this property

Single story, modern farmhouse conveniently located in Richardson.Large open concept living, dining, and kitchen perfect for entertaining.The kitchen has an oversized pantry with large quartz peninsula, shiplap backsplash, stainless steel appliances and open shelving.The bedrooms are split with the primary separated for privacy.Primary bedroom has an ensuite with patterned concrete tile floor, walk in shower and double sink vanity.The living area features exposed beams and a rock fireplace.The large laundry room could be the perfect second pantry by adding shelving.There’s even a perfect nook for small home office with a barn door.Nice backyard with privacy fence, shade tree and large patio.Buyer to verify all information including but not limited to measurements, schools, room sizes, zoning and MLS data. Information is reliable but not guaranteed.There is a conflict in the square footage owners state the home is 2100 square feet, the appraisal district says it's 1941,buyer to confirm.

Investor Tools

Property Icon
$494,000
Estimated Property Value
$339,050Estimated Mortgage Balance
$154,950Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,964 /month
Positive
Cash Flow Estimate:
$988 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$802/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,150
$380,120
2025
$105,000
$275,120
$380,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,150
$380,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
James B Wood Jr Etal
Purchase Money Mortgage
$350,000
No
First
Aug 22, 2024
Aug 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$339,050
$154,950
31%
69%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
$2,099/mo
+$561/mo
6.5%

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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439 Melrose Dr | Property Details | No Agent List