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$439,000

1214 Coleman Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,508 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.04 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,440 sqft

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APNR-10858-00X-0300-1
Lot Number30
SubdivisionVillages Of Melissa Phase 2b (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 2B (CML), BLK X, LOT 30
Census Tract030206
Assessed Land Value$105,000
Assessed Improvement Value$325,723
Assessment Year2025

About this property

This is a great 2 story floorplan with 3 bedrooms, a study, kitchen and dining area downstairs. The second floor has one bedroom with a large closet, a spacious game room and a full bath. The dishwasher was recently replaced in 2022. The home has whole house surge protection and it is also on a corner lot which is great for privacy. The home is fresh and clean for a new owner to enjoy.The Melissa Schools are highly recommended.The community does have a swimming pool and it is located behind Melissa Town Hall. Villages of Melissa is close to US 75 and Melissa Road.

Investor Tools

Property Icon
$430,723
Estimated Property Value
$323,250Estimated Mortgage Balance
$123,691Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,634 /month
Positive
Cash Flow Estimate:
$878 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$899/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,631
$430,723
2025
$105,000
$325,723
$430,723
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,631
$430,723

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Titus38 Llc
Conventional
$323,250
No
First
Aug 28, 2023
Sep 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,032
$123,691
28%
71%
$1,939/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,204/mo
+$1,656/mo
10.8%

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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1214 Coleman Dr | Property Details | No Agent List