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$348,000

NAL Estimated Property Value

1114 Austin Dr, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,757 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.74 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2010
Stories1
Garage Spaces2

Land Information

APNR-8704-00B-0120-1
Lot Number12
SubdivisionVillages Of Melissa Phase 1 (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 1 (CML), BLK B, LOT 12
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$245,396
Assessment Year2025

About this property

COME SEE FRESH NEUTRAL PAINT INSIDE ON WALLS & TRIM + GARAGE WALLS & CEILING; CARPET REPLACED! Nestled in the highly desirable Villages of Melissa neighborhood, this stylish and open, one story floor plan promises comfort and convenience. The spacious island kitchen offers an abundance of stained wood cabinetry, walk-in pantry, breakfast bar seating, and is complete with gas cooking beckoning you to create delicious memories. The split bedroom plan provides privacy for guests and family with a generously sized primary suite including dual sinks, garden tub, separate shower, large walk-in closet and windows overlooking the nicely landscaped backyard. Outside, a charming covered patio awaits - your personal oasis for relaxing or entertaining. This community shines with amenities: a sparkling pool, fun-filled playground, park and a splash pad to cool off during Texas summers! Zoned for acclaimed Melissa ISD, with schools nearby, enjoy close access to US75.

Investor Tools

Property Icon
$348,000
Estimated Property Value
$351,883Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$273/month
$460/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,541
$345,396
2025
$100,000
$245,396
$345,396
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,541
$345,396

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$365,000
No
First
May 30, 2024
Jun 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$351,883
N/A
0%
101%
$2,189/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,649/mo
+$311/mo
10.2%

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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1114 Austin Dr | Property Details | No Agent List