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Richardson 75080 Northrich
443 Melrose Drive
$242,000
● House - Off Market

443 Melrose Drive

Richardson, TX 75080
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,204 Ft²
$343,988
RealtyHop Estimate
43.39%
Since Sep 1, 2020
TX-Dallas
Primary Model

About This Property

Ready to move in, total remodel, in the heart of Richardson, easy to access 75 at anytime. Close to UTD school and other. Price to sale quick, will not last long.

No carpet in the house, wood floor and tile only. Come, check it and take it before it gone.
Unit Size
1,204 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #14371086)

Price History

Date / Event Date Event Price
Aug 21, 2020 Sold
Premium
Sold
Jun 22, 2020 Listed by Mercedes Realtors $239,900
Listed by Mercedes Realtors

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,126
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,644
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHWAY ACRES 2
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: NORTHWAY ACRES 2 BLK 6 LT 2 INT202000227860 DD08212020 CO-DC 1215000600200 3CR12150006

Neighborhood

  • School District Name: Richardson Independent School District
  • School Tax School District: RICHARDSON ISD
  • Census Tract: 019211

Zoning

  • Zoning: Z272

Geography

  • Assessors Map Reference: 421215000600200
  • Account Number: 421215000600200
  • Subdivision Tract Number: 12150
  • Parcel: 42-12150-006-002-0000
  • Block: 6
  • Lot: 2
  • Municipality: RICHARDSON
  • Latitude: 32.9692
  • Longitude: -96.7338

    Address

  • Full Address: 443 Melrose Dr
  • Address - House Number: 443
  • Address - Street Name: Melrose
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Richardson
  • Carrier Code: C072
  • 4-Digit Zip Code: 4541
  • Zip Code: 75080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $723,572
  • Tax Rate Code Area: RS

    Appraisal Valuation

  • Standard Deviation: 0.2297
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 68
  • Final Value: 368,823
  • High Value: 453,563
  • Low Value: 284,082

    Market Valuation

  • Market Total Value: $294,710
  • Market Land Value: $70,000
  • Market Improvement Value: $224,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,710
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $224,710

    Sales

  • Current Sale Contract Date: Aug 21, 2020
  • Current Sale Recording Date: Aug 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202000227860
  • Previous Sale Recording Date: Feb 04, 2020
  • Previous Sale Contract Date: Jan 31, 2020
  • Previous Sale Amount: $162,500
  • 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 Northrich

Stats & Trends

Median Asking:

$394,250

Sale Price/ft²

$259

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1565 ft²

Average Home Age

63.8 years

Currently For Sale

15 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 828 Kingswood Avenue, Richardson, TX, 75080

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,432 ft²
828 Kingswood Avenue, Richardson, TX, 75080 Listing by Matthew Albright
Unit for rent at 617 E Tyler Street, Richardson, TX, 75081

$2,475 /mo

  • 4 Beds
  • 2 Baths
  • 1,300 ft²
617 E Tyler Street, Richardson, TX, 75081 Listing by Lorrie Frazin
Unit for rent at 801 Kingswood Avenue, Richardson, TX, 75080

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,553 ft²
801 Kingswood Avenue, Richardson, TX, 75080 Listing by Kevin Mamminga

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lily Nguyen, Mercedes Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14371086
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 443 Melrose Drive built and last sold?
The property at 443 Melrose Drive was built in 1963 and last sold on Aug 21, 2020 for $240,800.
How much is this home worth?
The estimated value of the home located at 443 Melrose Drive is $247,280.
What are some comparable homes to 443 Melrose Drive?
There are currently no comparable homes to 443 Melrose Drive.
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