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$429,000

1601 Cobblestone Rd, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,077 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet

Exterior

Lot Size5,881 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-12650-00E-0190-1
Lot Number19
SubdivisionQuarry Phase 2, The (Cml)
Land UseResidential
Legal DescriptionQUARRY PHASE 2, THE (CML), BLK E, LOT 19
Census Tract030202
Assessed Land Value$115,000
Assessed Improvement Value$304,938
Assessment Year2025

About this property

Sharp-looking newly built home is full of light and air. It has an open floor plan that seamlessly connects the kitchen, dining, and living areas and makes entertainment easy. This east-facing home has a perfect layout featuring 4 bedrooms (one of which has its own ensuite bathroom), and 3 full bathrooms and creates a lot of privacy for your family or guests. A breathtaking kitchen with a center island, tons of cabinets, a gorgeous backsplash, and a huge dining area will become the heart of your home. Spectacular flooring and modern color paint throughout create a stunning look. You will love a large covered patio that is a perfect place to relax after a hard-working day. Convenient access to Central Expressway and shopping in Melissa and McKinney. Plus a famous Buccee's is just across the highway! Come and see it now!

Investor Tools

Property Icon
$429,000
Estimated Property Value
$394,200Estimated Mortgage Balance
$55,847Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$877/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,383
$419,938
2025
$115,000
$304,938
$419,938
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,383
$419,938

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$394,200
No
First
Jun 7, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$373,153
$55,847
13%
87%
$2,364/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,764/mo
+$1,096/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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1601 Cobblestone Rd | Property Details | No Agent List