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$1,120,350

920 Melrose Dr, Richardson, TX, 75080

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths3,201 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$350 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Water Purifier

Exterior

Lot Size10,850 sqft

Building Information

Year Built1965
Roof Type105
Garage Spaces2

Land Information

APN42079500080360000
Lot NumberE
SubdivisionGreenwood Hills
Land UseResidential
Legal DescriptionGREENWOOD HILLS 3 BLK 8 LOT E INT201700153456 DD05262017 CO-DC 0795000803600 3CR07950008
Census Tract019216
Assessed Land Value$105,000
Assessed Improvement Value$441,840
Assessment Year2026

About this property

Welcome to an extraordinary Richardson residence where thoughtful architectural design, extensive renovations, and exceptional craftsmanship come together. Completely reimagined in 2018 and further enhanced with a stunning $300,000 second-floor addition completed in 2026, this home offers a rare combination of sophisticated living and substantial investment in quality. Step inside to discover dramatic vaulted ceilings in the living room, dining room, and primary bedroom, creating an open, airy atmosphere filled with natural light. Remote-controlled VELUX skylights, custom shelving, and beautiful architectural details elevate the interior, while spray foam insulation throughout the walls, floors, and ceilings provides an added level of comfort and efficiency. The newly constructed 1,060-square-foot second floor features a luxurious bathroom with a steam shower, spacious walk-in closet, and beautifully detailed cedar-cased windows. A separate approximately 190-square-foot addition completed in 2022 on the first level Primary, featuring Pella windows and direct access from the primary bedroom, offers an ideal space for a private office, yoga studio, or personal fitness retreat.The exterior is equally impressive, featuring a standing-seam steel Class 4 impact-resistant roof, a custom cedar portico integrated into the home in 2024, a cedar garage awning, stamped concrete driveways, and an impressive 16-foot sliding gate. An eight-foot cedar board-on-board privacy fence surrounds the property, creating a secluded setting for outdoor relaxation and entertaining. A hot tub installed in 2022 completes the private outdoor retreat. Additional enhancements include a Generac natural gas whole-house generator installed in 2023, a whole-home Rhino water treatment system, front and rear sprinkler systems, and a beautifully finished garage with custom storage. The 2018 renovation also included the installation of 33 foundation piers as a proactive improvement.

Investor Tools

$398,266Estimated Mortgage Balance
$149,156Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,722 /month
Positive
Cash Flow Estimate:
$2,241 /month

Interested in this property?

Jacqulyn Hrna

Huggins Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,249/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,256
$546,840
2026
$105,000
$441,840
$546,840
No

Tax History

Year
Tax Paid
Assessed Value
2026
$12,256
$546,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nqm Funding Llc
Conventional
$400,000
No
First
Jul 7, 2026
Aug 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$398,266
$148,574
27%
73%
$2,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,330/mo
$2,399/mo
+$931/mo
7.3%

City: Richardson

920 Melrose Dr | Property Details | No Agent List