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$445,000

1317 Gibson Dr, Melissa, TX, 75454

Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,163 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.73 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringCeramic Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size11,413 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11470-00Z-0270-1
Lot Number27
SubdivisionVillages Of Melissa Phase 4 (Cml)
Land UseResidential
Legal DescriptionVILLAGES OF MELISSA PHASE 4 (CML), BLK Z, LOT 27
Census Tract030206
Assessed Land Value$120,000
Assessed Improvement Value$315,000
Assessment Year2025

About this property

Welcome to your dream home in Melissa. As you can see in the photos, the backyard is an amazing space. Plenty of room to play and also for a future pool. This space is a well thought out 5 bedroom, 2 bathroom home with a 2-car garage. As you step inside, you'll be greeted by a wide-open living area, perfect for entertaining guests. With an open-concept design, this home flows seamlessly from room to room, creating a welcoming and comfortable atmosphere. The home faces south and there's plenty of space for everyone to have privacy and personal space. The master suite is especially impressive, with a large closet and a luxurious bathroom featuring dual sinks, a soaking tub, and a separate shower. You'll love the thoughtful touches throughout, like the cozy fireplace and ample storage space throughout the home. With its convenient location in Melissa, you'll have easy access to all the shopping, dining, and entertainment that nearby Mckinney has to offer.

Investor Tools

Property Icon
$435,000
Estimated Property Value
$449,201Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$680/month
$285/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,980
$435,000
2025
$120,000
$315,000
$435,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,980
$435,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Imperium Lending Llc
Fha
$449,201
Yes
First
Mar 6, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,905
N/A
0%
103%
$2,694/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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