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$487,556

NAL Estimated Property Value

1120 Johnson Drive, Melissa, TX, 75454

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,354 Sq Ft
price_per_sqft$96.9 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2007
Stories2
Garage Spaces2

Land Information

APNR-8704-00H-0090-1
Lot Number9
SubdivisionVillages Of Melissa Phase 1 (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 1 (CML), BLK H, LOT 9
Census Tract030206
Assessed Land Value$115,000
Assessed Improvement Value$372,556
Assessment Year2025

About this property

Wow!! Under $100 per square foot! This home is Priced to Sell! Come and See this Gorgeous Brick and Stone Home with inviting Front Porch. Wonderful Floor plan. Living area with brick fireplace, Large Kitchen with Refrigerator and lots cabinets and granite counters. Formal Dining and Office. Master Bedroom is down and Game room, Media and 4 Bedrooms are up. This home is on a corner Lot with a large backyard which features fenced dog run and raised garden beds. 3 Car garage with dog shower and door to the backyard and dog run. Walking distance to Middle and Elementary schools. Convenient to Hwy 75 and Hwy 121. This home qualifies for USDA loan with nothing down. Call for a private open house showing.

Investor Tools

Property Icon
$487,556
Estimated Property Value
$281,117Estimated Mortgage Balance
$206,439Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,925 /month
Positive
Cash Flow Estimate:
$975 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$749/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,549
$487,556
2025
$115,000
$372,556
$487,556
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,549
$487,556

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$306,114
Yes
First
Jan 4, 2022
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,117
$206,439
42%
58%
$1,836/mo

Learn About the Market: Opportunity in Texas

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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.

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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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1120 Johnson Drive | Property Details | No Agent List