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$564,000

NAL Estimated Property Value

514 Melody Dr, Amarillo, TX, 79118

$733,200 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,678 Sq Ft
price_per_sqft$212.85 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Range, Dishwasher

Exterior

Exterior FeaturesBrick, Balcony
Lot Size12,197 sqft

Building Information

Year Built1982
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR-044-3900-1640
Lot Number20
SubdivisionLake Tanglewood
Land UseResidential
Legal DescriptionLAKE TANGLEWOOD, LOT 020, BLK 0005, 0.2800 ACRES
Census Tract021900
Assessed Land Value$34,500
Assessed Improvement Value$495,873
Assessment Year2025

About this property

Beautifully Upgraded 3 Bed, 3 bath, 2 living room home with Lake views & premium features. Step into comfort and style with this thoughtfully upgraded home of well designed living space. Set in a serene neighborhood that is sought out by many. This home blends custom touches with efficient functionality. Open concept kitchen living area with LG Cafe gas range, side by side refrigerator. Luxury vinyl plank flooring throughout with media wiring, RO home distiller, custom awnings on outdoor patios, transferable HVAC maintenance, car port and storage building for ATV's and water toys. Come see this stunning home for yourself and make it your own just in time for Summer on the LAKE!

Investor Tools

Property Icon
$564,000
Estimated Property Value
$406,969Estimated Mortgage Balance
$157,031Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$733,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,867
$530,373
2025
$34,500
$495,873
$530,373
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,867
$530,373

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$449,950
No
First
May 12, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$406,969
$157,031
27%
72%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,130/mo
$2,923/mo
$-1,793/mo
2.4%

City: Amarillo

514 Melody Dr | Property Details | No Agent List