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$500,000
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Property Description
Lease or owner-finance to purchase! Updated 3-bedroom, 2-bath home in highly sought-after Richardson ISD, set on a beautiful park-like lot. The flexible formal dining space can be used as a multi-purpose room or home office. The updated kitchen offers abundant cabinet storage, a gas cooktop, stainless steel refrigerator, and opens to the family room with a cozy wood-burning fireplace. Updates throughout include flooring, kitchen, and appliances. Move-in ready and a must-see!
Full Property Details
Full Property Details for 505 Melrose Dr
General
- Price: $500,000
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21176304
- Updated: 2/10/2026
- Added to Site: 9 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, High Speed Internet, Cable TV
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Dishwasher, Disposal, Gas Range
- Flooring: Carpet, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: In Garage
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Driveway, Garage, Garage Door Opener, Kitchen Level, Garage Faces Side
Location
- County: Dallas
- Subdivision: Northrich West 02
- Driving Directions: GPS Friendly
School Information
- Elem School District: Richardson ISD
- Midd School District: Richardson ISD
- High School District: Richardson ISD
- Elementary School: Northrich
- Middle School: Lake Highlands
- High School: Pearce
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Sewer Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 1,467 Sq. Ft.
- Year Built: 1961
Lot Features
- Lot Size (Acres): 0.186
- Lot Size (Sq. Ft.): 8,102.16
- Sidewalks: Yes
- Lot Features: Back Yard, Irregular Lot, Lawn, Few Trees
- Fencing (Description): Wood
Financial Considerations
- For Sale/Rent/Lease: For Sale or Lease
- Terms: Owner Will Carry, See Agent
Disclosures and Reports
- Legal Description: NORTHRICH WEST 2 BLK G LT 36
- Property ID: 42117500080360000
- Block: G
- Lot Number: 36
Listed by Ebby Halliday Realtors, Shelly Vaughan
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Schools
Schools serving 505 Melrose Dr
School District:Richardson Independent School District
| Name | Grades | Distance |
|---|---|---|
Northrich Elementary School 1301 Custer Road, Richardson, TX 75080 | PK-6 | 0.1 mi |
Richardson North Junior High School 1820 North Floyd Road, Richardson, TX 75080 | 7-8 | 0.5 mi |
Pearce High School 1600 N Coit Rd, Richardson, TX 75080 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 Melrose Dr
Date
Details
Price
Change
Source
2/10/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 Melrose Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,674
-3%
$345,980
-2%
2024
$7,917
4%
$351,960
4%
2023
$7,580
-8%
$336,980
—
2022
$8,274
32%
$336,980
41%
2021
$6,269
-2%
$239,030
—
2020
$6,381
10%
$239,030
16%
2018
$5,785
20%
$206,490
14%
2017
$4,825
23%
$180,580
22%
2016
$3,938
-39%
$147,480
-38%
2019
$6,430
80%
$239,030
76%
2015
$3,575
—
$135,540
—
2014
$3,563
1%
$135,540
—
2013
$3,534
—
$134,940
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 Melrose Dr
505 Melrose Drive, Richardson, TX 75080 (MLS# 21176304) is a Single Family property with 3 bedrooms and 2 full bathrooms. 505 Melrose Drive is currently listed for $500,000 and was received on February 10, 2026. Want to learn more about 505 Melrose Drive? Do you have questions about finding other Single Family real estate for sale in Richardson? You can browse all Richardson real estate or contact a Coldwell Banker agent to request more information.

