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$2,850

1511 Ironwood Way, Melissa, TX, 75454

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,949 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.97 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesGas Cooktop, Microwave

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APNR-12587-00C-0060-1
Lot Number6
SubdivisionWolf Creek Farms Phase One (Cml)
Land UseResidential
Legal DescriptionWOLF CREEK FARMS PHASE ONE (CML), BLK C, LOT 6
Census Tract030206
Assessed Land Value$109,250
Assessed Improvement Value$359,873
Assessment Year2025

About this property

Welcome home to this spacious and energy-efficient 5-bedroom, 3 bath home in the highly sought-after Wolf Creek Farms community of Melissa! With an open-concept layout, soaring ceilings, and abundant natural light, this home offers the perfect blend of comfort, functionality, and convenience. The gourmet kitchen is the heart of the home, featuring granite countertops, a large island with bar seating, a walk-in pantry, and space for a breakfast nook. A premium Samsung Bespoke refrigerator, washer, and dryer are included—high-end appliances rarely offered in rental homes. The first-floor primary suite is privately situated away from the secondary bedrooms and features a large walk-in closet. Upstairs, you’ll find three additional bedrooms plus a spacious game room, perfect for movie nights, a playroom, home office, or second living area. Step outside to a private backyard that backs to trees rather than neighboring homes, creating a peaceful setting for relaxing or entertaining on the concrete patio.

Investor Tools

$0Estimated Mortgage Balance
$485,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

Interested in this property?

Qing Zhang

Everbright Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$796/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,131
$469,123
2025
$109,250
$359,873
$469,123
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,131
$469,123

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$497,000
100%
0%
$0/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.

Explore Texas Explore This Area
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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1511 Ironwood Way | Property Details | No Agent List