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Days126Days on Market
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$429,900

$439,900

1301 Coleman Dr, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds5 Beds
Baths3 Bath
Baths2,906 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.94 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Washer
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size5,249 sqft

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APNR-10858-00Y-0140-1
Lot Number14
SubdivisionVillages Of Melissa Phase 2b (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 2B (CML), BLK Y, LOT 14
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$351,300
Assessment Year2025

About this property

If you scrolled past this one before, look again. It isn't the same house. Brand new carpet and pad went in this July, fresh paint runs through much of the home, and the bathroom cabinets got repainted. It shows completely different now. And the location is the real win. You can walk to Melissa City Hall and the public library, community pool and playground, and the shot to US-75 from this neighborhood is about as good as it gets in town. No crawling through a maze of streets to get out. Now the house. 2,906 square feet. 5 bedrooms. 3 full baths. Built in 2015. And a floor plan that actually makes sense for real life. Two living areas, formal dining plus an eat-in breakfast nook, and a private primary suite downstairs. There's a second bedroom on the main level too, so make it a guest room, an office, a gym, whatever you need it to be. Upstairs you'll find a big game room and the rest of the bedrooms. The kitchen brings granite, an island, stainless appliances and a stainless galley sink. The fireplace was redesigned with new tile and a new mantle, then converted to gas. LVP downstairs, upgraded lighting throughout, upgraded fixtures in the primary and upstairs baths, custom mirrors, new ceiling fans. And the storage will spoil you. That expanded walk-in attic is completely floored off, with a second pull-down attic on top of it. Outside, flowering landscaping front and back, a covered patio, a soaker system for the garden, a freshly re-stained fence, and a two-car garage behind classic brick and stone. The neighborhood pulls its weight too. Pool, park and playground, pickleball courts and putt-putt golf. And yes, the Christmas lights stay. Book your showing today!

Investor Tools

Property Icon
$451,300
Estimated Property Value
$200,000Estimated Mortgage Balance
$265,935Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,708 /month
Positive
Cash Flow Estimate:
$903 /month

Interested in this property?

Ashton Harris

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$739/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,616
$451,300
2025
$100,000
$351,300
$451,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,616
$451,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Stand Alone Second / Subordinate Position
$200,000
No
First
Aug 23, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,365
$265,935
58%
41%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,525/mo
+$2,335/mo
10.3%

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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1301 Coleman Dr | Property Details | No Agent List