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$366,000

NAL Estimated Property Value

711 Melrose Drive, Richardson, TX, 75080

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,476 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.42 / sqft
Year BuiltBuilt in 1962

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,680 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN42176501480140000
Lot Number14
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS 14 BLK 148 LOT 14 VOL2003220/10939 DD10272003 CO-DC 1765014801400 34217650148
Census Tract019216
Assessed Land Value$150,000
Assessed Improvement Value$200,090
Assessment Year2025

About this property

Charming & versatile home in the heart of Richardson Heights! This well-maintained property offers a flexible floor plan designed to fit your lifestyle. The second living area features a cozy fireplace and can easily function as a den, formal dining room, or a combination space—perfect for entertaining or relaxing evenings at home. The kitchen opens seamlessly to the main living and dining areas, creating a bright and inviting flow ideal for gatherings. Enjoy ceramic tile flooring in the kitchen and bathrooms for easy maintenance, along with comfortable living spaces throughout. Small pets will be considered on a case-by-case basis. No smoking. Ideally located just minutes from UT Dallas, this home offers quick access to US-75, George Bush Turnpike, and I-635, making commuting a breeze. Nestled in the desirable Richardson Heights neighborhood, you’ll love the tree-lined streets, established community feel, and proximity to local parks, shopping, and dining. Residents enjoy nearby favorites like Heights Park, walkable green spaces, and convenient access to everything Richardson has to offer. Occupied. One or more owners holds an active real estate license in the State of Texas. (Photos coming soon)

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$466/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,768
$350,090
2025
$150,000
$200,090
$350,090
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,768
$350,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank Of Canyon Creek
Unknown
$50,000
No
First
Oct 27, 2003
Oct 2013

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$18,180
$347,820
95%
5%
$300/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$300/mo
+$1,740/mo
6.7%

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.

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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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711 Melrose Drive | Property Details | No Agent List