tomo logo

$380,000

Beds
3
Baths
2.0
sq ft
1,372

504 Melrose Dr, Richardson, TX 75080

504 Melrose Dr

Richardson, TX 75080

  • 2 days on market
Welcome to 504 Melrose Dr, Richardson, TX! NEWLY RENOVATED!!! Secure this lovely cottage-style 3 bed,2bath home located in DFW's most centrally located suburb of Richardson, TX! Enjoy life in a long-established neighborhood rich in arts festivals, park play, diverse cuisine, eclectic retail, first rate hospitals, and genuine community vibes. The lifestyle gained from living a few miles north of downtown Dallas and having quick access to 75 Central, Dallas Toll, GB Toll, and 635 can't be beat. Be in close proximity to top employers, and revel in a round of golf at Canyon Creek Country Club or take in some world class education at nearby UT Dallas. This home is move in ready, update at your leisure, and get ready to spoil pets with a lush green backyard and cozy entertaining at home with friends and family. Zero HOA fees guarantee long term built-in savings, thus making this investment ideal for the long haul as a first home or future income generating property.

Details

Property type

Single Family Residence

Est. home value

$353,652

Lot size

1,372 sq ft

Price per sq ft

$277

Year built

1960

Price History

01/25/2025
NTREIS

NTREIS #20825152

Listed
$380,000
11/03/2023
NTREIS

NTREIS #20396642

Removed

Schools & Community

Neighborhood: 

Northrich

Elementary school: 

Northrich

Middle school: 

Unknown

High school: 

Pearce

Community features: 

Sidewalks

School district: 

Richardson ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$101,243
Asking price
$380,000
Closing costs (~8% of asking)
-$30,400
Est. remaining loan balance
-$248,357
Cash to seller
$101,243

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Gateway First Bank

Loan start date

November 2023

Original loan amount

$251,250

Est. remaining balance

$248,357

Interest rate

7.18%

Loan type

New Conventional, 30 year

Seller

Azucena Rodriguez and Adrian Garcia

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/27/2025 at 9:45 PM

Listing updated: 01/26/2025 at 12:13 AM

Listed by: Rosa Rodriguez, Vylla Home Phone #: (713) 647-2349

MLS: NTREIS #20825152

NTREIS logo

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