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$405,394

NAL Estimated Property Value

1306 Motley Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,083 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.03 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size5,700 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10858-00R-0100-1
Lot Number10
SubdivisionVillages Of Melissa Phase 2b (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 2B (CML), BLK R, LOT 10
Census Tract030206
Assessed Land Value$100,000
Assessed Improvement Value$305,394
Assessment Year2025

About this property

Charming single-story home in the heart of Melissa offers the perfect blend of comfort, functionality, and everyday convenience. This spacious and flexible floor plan features 4 bedrooms and 2 baths, or can easily be configured as 3 bedrooms with a dedicated home office to suit your lifestyle. Special features include updated paint, updated lighting throughout with waterproof laminate throughout including primary suite with carpet in two of the secondary bedrooms. The thoughtfully designed split-bedroom layout provides privacy for all, while the kitchen truly serves as the centerpiece of the home. Showcasing sleek granite countertops, stainless steel appliances, a walk-in pantry, and abundant cabinetry, it’s ideal for both daily living and entertaining. Natural light fills the inviting living area, where a cozy fireplace creates the perfect setting for relaxing evenings. The private primary suite offers a true retreat, complete with dual vanities, a soaking garden tub, and a generous walk-in closet. Enjoy entertaining in the spacious backyard with large pergola covered patio with sitting area and TV connections all of this with the convenience of being within walking distance to the community pool and park, along with close proximity to shopping, dining, and Melissa’s popular Saturday farmer’s market. Nestled in a highly desirable neighborhood, this is a place you’ll love to call home.

Investor Tools

Property Icon
$405,394
Estimated Property Value
$272,335Estimated Mortgage Balance
$133,059Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,432 /month
Positive
Cash Flow Estimate:
$811 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
$285/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,282
$405,394
2025
$100,000
$305,394
$405,394
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,282
$405,394

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Solutions Of Colorado Llc
Conventional
$296,000
No
First
Feb 14, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,335
$133,059
32%
67%
$1,775/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,060/mo
+$1,800/mo
11.4%

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.

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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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1306 Motley Drive | Property Details | No Agent List