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$207,953

NAL Estimated Property Value

609 Melody Ln, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.93 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDouble Oven, Gas Cooktop, Gas Oven
FlooringCarpet, Vinyl

Exterior

Lot Size9,792 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APN21130
Lot Number13
SubdivisionJoy Acres
Land UseResidential
Legal DescriptionJOY ACRES; 2405; BLOCK 11; LOT 13 N 78'; 0.2248
Census Tract001100
Assessed Land Value$41,326
Assessed Improvement Value$166,627
Assessment Year2025

About this property

Charming Three Bedroom two bath home with new flooring in the living room and bedrooms this is the perfect location to raise your family at a price you wont find in the city. Large backyard perfect for grilling and entertaining with large trees that provide all the shade you need.

Investor Tools

Property Icon
$207,953
Estimated Property Value
$0Estimated Mortgage Balance
$207,953Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,248 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$415/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,941
$207,953
2025
$41,326
$166,627
$207,953
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,941
$207,953

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$207,953
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
8.2%

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: Gainesville

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609 Melody Ln | Property Details | No Agent List