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$159,900

550 E Melville Dr, Crosby, TX, 77532

$207,870 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,360 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$67.75 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Gas Range, Dishwasher

Exterior

Lot Size11,996 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN0710870180006
Lot Number6
SubdivisionSt Charles Place
Land UseResidential
Legal DescriptionLT 6 BLK 18 ST CHARLES PLACE SEC 1
Census Tract252800
Assessed Land Value$80,100
Assessed Improvement Value$176,600
Assessment Year2025

About this property

Great investment opportunity on this property located in the Charles Place subdivision. This 4 bedroom 2 full bathroom property features a large lot with mature trees, 2 car attached garage, spacious family room. This is one that you can make it your own. This one is close to the Crosby Fwy. Hospitals, Schools, Retail Centers, Employment Centers related to the petrochemical industry, and entertainment venues. Don't miss out on this one!!

Investor Tools

Property Icon
$256,700
Estimated Property Value
$68,000Estimated Mortgage Balance
$175,292Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$207,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,540 /month
Positive
Cash Flow Estimate:
$513 /month

Interested in this property?

Robert Wells II

StarCrest Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$113/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$75
$256,700
2025
$80,100
$176,600
$256,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$75
$256,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
National Lending Corp
Stand Alone First / Home Equity First Lien
$68,000
No
First
Nov 15, 2005
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,408
$175,292
68%
32%
$1,038/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,038/mo
+$1,188/mo
10.4%

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.

Explore Texas Explore This Area
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: Crosby

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550 E Melville Dr | Property Details | No Agent List