Last 24 Hours
$223,000
NAL Estimated Property Value1608 Cooper St, Melissa, TX, 75454
$258,643 ARV
Recently Sold
7/07/26
— Beds
— Bath
1,085 Sq Ft
Built in 1965Highlights
Interior
Bedrooms —
Bathrooms —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
$223,000
Estimated Property Value
$90,606Estimated Mortgage Balance
$132,394Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$258,642
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month
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
12.4%