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$271,689

NAL Estimated Property Value

702 Melbourne Dr, Arlington, TX, 76012

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,144 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.14 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringTile

Exterior

Lot Size7,340 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN44520-1-18
Lot Number18
SubdivisionVancouver Place Addition
Land UseResidential
Legal DescriptionVANCOUVER PLACE ADDITION BLOCK 1 LOT 18
Census Tract121703
Assessed Land Value$35,000
Assessed Improvement Value$236,689
Assessment Year2025

About this property

*** MULTIPLE OFFERS - Please submit your highest and best by 6pm on Tuesday, September 12. Location, location, location! Welcome to this beautifully remodeled home located less than 2 miles from AT&T Stadium and Globe Life Park. Nestled within a quiet cul-de-sac, this home boasts numerous features that make it an excellent choice for those seeking a modern and accessible lifestyle. Home updates include updated kitchen, updated bathrooms, refinished garage, fresh paint, new floors. Don't miss the opportunity to make this house your new home.

Investor Tools

Property Icon
$271,689
Estimated Property Value
$217,910Estimated Mortgage Balance
$53,779Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,630 /month
Positive
Cash Flow Estimate:
$543 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$472/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,302
$271,689
2025
$35,000
$236,689
$271,689
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,302
$271,689

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$228,650
No
First
Oct 5, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,910
$53,779
19%
80%
$1,371/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,371/mo
+$556/mo
8.5%

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.

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: Arlington

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702 Melbourne Dr | Property Details | No Agent List