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$649,997

1117 Melrose Dr, Richardson, TX, 75080

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$270.83 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Gas Range, Dishwasher, Disposal, Gas Range, Gas Water Heater, Plumbed For Gas
FlooringBrick, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Lot Size9,100 sqft

Building Information

Year Built1967
Roof Type105
Garage Spaces2

Land Information

APN42195501820250000
Lot Number25
SubdivisionRichardson Heights
Land UseResidential
Legal DescriptionRICHARDSON HEIGHTS ESTATES NORTH6 BLK 182 LOT 25 INT200600431972 DD11132006 CO-DC 1955018202500 3CR19550182
Census Tract019205
Assessed Land Value$400,000
Assessed Improvement Value$193,810
Assessment Year2026

About this property

Welcome to Richardson’s highly desirable Reservation neighborhood, where this 3-bedroom, 2.5-bath executive home is full of character & a few surprises! Beautiful tray ceilings, decorative crown molding, & an abundance of natural light throughout every room give this home a personality all its own. How cool to find the charm of vintage brick flooring & warm bamboo hardwood floors. The kitchen features stainless steel appliances, a gas range for those who love to cook, two pantries, and a cheerful eat-in breakfast area. Double doors lead from the kitchen into the formal dining room, adding a touch of traditional charm. The inviting main living room features an awesome fireplace and so much space, but the real showstopper is the oversized family room with three picture windows framing views of the backyard patio and pool! But that's not all! There is an additional formal living area beside the formal dining room, sealing the deal of a perfect floorplan with three living areas and two dining areas. The bedrooms in this home are exceptionally spacious with generous closets to match. Just when you think you've seen it all, wait until you step in to the outdoor living space! Three separate doors lead from the home to the expansive covered patio & swimming pool, including private access from the master suite. The sparkling pool features new gunite lining in 2025, and along with the mature landscaping, creates the perfect setting for lazy afternoons and weekend get-togethers. Electrical Panel Updated 2020. Ideally situated in Richardson, with easy access to highly sought-after Richardson schools, parks, shopping, and dining. Not your ordinary cookie-cutter house, and that's exactly the point!

Investor Tools

$0Estimated Mortgage Balance
$757,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,542 /month
Positive
Cash Flow Estimate:
$1,514 /month

Interested in this property?

Dawn Gonzales

Keller Williams Legacy

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,064
$593,810
2026
$400,000
$193,810
$593,810
No

Tax History

Year
Tax Paid
Assessed Value
2026
$6,064
$593,810

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$757,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,620/mo
N/A
+$2,620/mo
4.2%

City: Richardson