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$223,000

1608 Cooper St, Melissa, TX, 75454

SoldInfo
7/7/26
Baths1,085 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1965

Exterior

Lot Size7,214 sqft

Building Information

Year Built1965
Stories1

Land Information

APNR-1084-023-009B-1
Lot Number9B10
SubdivisionMelissa Original Donation (Cml)
Land UseResidential
Legal DescriptionMELISSA ORIGINAL DONATION (CML), BLK 23, LOT 9B 10
Census Tract030207
Assessed Land Value$135,000
Assessed Improvement Value$31,216
Assessment Year2025

About this property

The property currently contains a residential dwelling; however, the improvement is scheduled for demolition and does not contribute to the property's value. The property is being sold based on its commercial land value as an unimproved commercial site. Ideally situated in downtown Melissa, the property benefits from a desirable location near existing commercial and city developments.

Investor Tools

Property Icon
$223,000
Estimated Property Value
$91,000Estimated Mortgage Balance
$132,394Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,242
$166,216
2025
$135,000
$31,216
$166,216
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,242
$166,216

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
David Dussair
Unknown
$91,000
No
First
Apr 20, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$90,606
$132,394
59%
41%
$546/mo

Learn About the Market: Opportunity in Texas

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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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