NoAgentList RatingHow are grades calculated?

6view

Owner Contacts

$433,000

NAL Estimated Property Value

810 Melrose Dr, Richardson, TX, 75080

Off Market

3 Beds

2 Bath

1,716 Sq Ft

Single Family Residence

$276.81 / sqft

Built in 1961

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker

FlooringCeramic Tile, Laminate

Exterior

Lot Size7,680 sqft

Building Information

Year Built1961

Stories1

Roof Type105

Garage Spaces2

Land Information

APN42078500090060000

Lot Number6

SubdivisionGreenwood Hills

Land UseResidential

Legal DescriptionGREENWOOD HILLS 2 BLK 9 LOT 6 INT202200276054 DD10172022 CO-DC 0785000900600 3CR07850009

Census Tract019216

Assessed Land Value$105,000

Assessed Improvement Value$282,950

Assessment Year2025

About this property

OFFER DEADLINE 9-18-2022 @ 11:59PM. LIGHT & BRIGHT open concept Family, Kitchen & Dining with vaulted ceiling. COOK your favorite recipes in the updated kitchen. Fridge stays with property. WARM-UP by the cozy fireplace with plenty of space for a large screen movie-night. Bedrooms have LARGE walk-in closets & plenty of light with updated windows. COOL-OFF in the large master shower with updated vanity. Grill or enjoy evening drinks on the patio under the tree lights. BEAUTIFUL & more ENERGY EFFICIENT updates include appliances, cabinets, counter-tops, doors, fence, flooring, foundation, gutters, HVAC, insulation, lighting, fireplace mantel, paint, plumbing, roof, shower, toilets, vanities, water heater & windows! EXPLORE wooded areas at nearby Woodland Park with tennis courts, playground, baseball fields & hike-bike trails. Join Greenwood Hills Community Club for neighborhood gatherings & swim-time. Walking distance to Greenwood Elementary. Near UT Dallas, Canyon Creek Country Club.

Investor Tools

$433,000

Estimated Property Value

$359,773Estimated Mortgage Balance

$73,227Estimated Equity

16% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,850 /month

Positive

Cash Flow Estimate:

$950 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$769/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,065

$387,950

2025

$105,000

$282,950

$387,950

Tax History

Year

Tax Paid

Assessed Value

2024

$7,065

$387,950

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Union Home Mortgage Corp

Conventional

$385,400

First

Oct 17, 2022

Nov 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$359,773

$73,227

16%

83%

$2,311/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,040/mo

$2,311/mo

$-271/mo

5.7%

Learn About the Market: Opportunity in Texas

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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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