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$349,900

1107 Dickenson Drive, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,054 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.35 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size5,460 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APNR-10537-00K-0040-1
Lot Number4
SubdivisionVillages Of Melissa Phase 2a (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 2A (CML), BLK K, LOT 4
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$273,227
Assessment Year2025

About this property

Welcome to this beautifully maintained home in the highly sought-after Villages of Melissa, offering the perfect combination of comfort, style, and convenience in one of the fastest-growing communities in North Texas. Located within exemplary Melissa ISD, this home delivers an exceptional lifestyle with outstanding community amenities and easy access to major highways for commuters. Step inside to discover a spacious & functional open-concept floor plan designed for both everyday living and entertaining. The kitchen is the heart of the home, featuring granite countertops, stainless steel appliances, gas cooking, abundant cabinetry, a large pantry, & a breakfast bar that opens seamlessly to the living area. The inviting living room is highlighted by a beautiful stone fireplace, creating a warm & welcoming atmosphere. The flexible layout offers multiple living and dining options, ideal for a home office, playroom, workout area, or additional entertaining space. The private primary suite provides a relaxing retreat with dual vanities, a spacious walk-in closet, and plenty of room to unwind. Secondary bedrooms are generously sized, offering versatility for family and guests. Enjoy Texas evenings from the covered back patio overlooking the backyard, while the charming front porch adds to the home’s curb appeal. Residents of Villages of Melissa enjoy outstanding neighborhood amenities including a resort-style community pool, splash pad, parks, playgrounds, scenic walking trails, ponds with fountains, sidewalks, & green spaces throughout the community. Perfectly positioned with quick access to US-75 and Highway 121, this location offers an easy commute to McKinney, Allen, Plano, Frisco, Sherman, & surrounding North Texas business corridors while still enjoying the charm & community feel Melissa is known for. Nearby shopping, dining, Buc-ee’s, & local conveniences are all just minutes away.

Investor Tools

$278,550Estimated Mortgage Balance
$94,677Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,239 /month
Positive
Cash Flow Estimate:
$746 /month

Interested in this property?

Don McGrath

Lovejoy Homes Realty, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$670/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,178
$373,227
2025
$100,000
$273,227
$373,227
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,178
$373,227

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Va
$300,000
Yes
First
Aug 12, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,550
$94,677
25%
75%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,124/mo
+$836/mo
9.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Melissa

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1107 Dickenson Drive | Property Details | No Agent List