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Keller 76262 Melody Hills Estates
1201 Melissa Drive
$885,000
● House - Off Market

1201 Melissa Drive

Keller, TX 76262
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,480 Ft²
$883,929
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

We reduced by $40,000!  Market has changed and seller is ready to sell!

A one of a kind property! No detail has been left--this home has been totally remodeled, with gourmet kitchen, huge laundry center, luxury spa-like master retreat, open family room with secondary bedrooms tucked aside for optimal privacy. Above the garage, you will find a guest suite, teenager's getaway, or what have you with full bath and kitchenette. Sited on a .91 ac lot, with gorgeous 40,000 gallon custom pool with adjacent pool bath, spa and waterfalls, outside pool bath near the pool, and play structure make it the perfect backyard getaway! Don't forget the Man Cave!  Heated and air conditioned, can also be a terrific workshop! Well irrigates the landscaping, provides water to pool and garage apartment, home is city water.

MOTIVATED SELLER
Unit Size
3,480 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$244
Property Type
House
Property Taxes
$976
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20116787)

Price History

Date / Event Date Event Price
Sep 19, 2022 Sold
Premium
Sold
Jul 18, 2022 Listed by Texas Best Properties $849,900
Listed by Texas Best Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 960
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 39,678
  • Total Building Area: 3,484
  • Gross Building Area: 3,484
  • Building Area: 3,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,484
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELODY HILLS ESTATES ADDITION
  • Land Acres: 0000000911
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: MELODY HILLS ESTATES ADDITION BLOCK 2 LOT 1R

Neighborhood

  • School District Name: Keller Independent School District
  • School Tax School District: KELLER
  • Census Tract: 113953

Geography

  • Assessors Map Reference: 10-W
  • Account Number: 01759329
  • District: 013
  • Parcel: 01759329
  • Block: 2
  • Lot: 1R
  • Municipality: KELLER
  • Latitude: 32.963
  • Longitude: -97.2229

    Address

  • Full Address: 1201 Melissa Dr
  • Address - House Number: 1201
  • Address - Street Name: Melissa
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Keller
  • Carrier Code: R002
  • 4-Digit Zip Code: 9343
  • Zip Code: 76262

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,637,638
  • Tax Rate Code Area: 907

    Appraisal Valuation

  • Standard Deviation: 0.2117
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 811,600
  • High Value: 983,423
  • Low Value: 639,778

    Market Valuation

  • Market Total Value: $861,611
  • Market Land Value: $150,000
  • Market Improvement Value: $711,611

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $861,611
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $711,611

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 228897
  • Previous Sale Recording Date: Sep 29, 2006
  • Previous Sale Contract Date: Sep 25, 2006
  • Previous Sale Amount: $291,500
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Melody Hills Estates

Stats & Trends

Median Asking:

$547,500

Sale Price/ft²

$283

Above Asking

0.00%

Average Days on Market

68

Average Home Size

1957 ft²

Average Home Age

47.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1211 Limestone Creek Drive, Keller, TX, 76248

$3,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,773 ft²
1211 Limestone Creek Drive, Keller, TX, 76248 Listing by Heidi Poirier

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Jackie Black, Texas Best Properties
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20116787
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1201 Melissa Drive built and last sold?
The property at 1201 Melissa Drive was built in 1980 and last sold on Sep 14, 2022 for $777,385.
How much is this home worth?
The estimated value of the home located at 1201 Melissa Drive is $858,399.
What are some comparable homes to 1201 Melissa Drive?
There are currently no comparable homes to 1201 Melissa Drive.
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