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$493,472

NAL Estimated Property Value

1705 Hidden Springs Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,274 Sq Ft
price_per_sqft$129.81 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Electric Water Heater, Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,750 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-11959-00D-0030-1
Lot Number3
SubdivisionQuarry The (Cml)
Land UseResidential
Legal DescriptionQUARRY THE (CML), BLK D, LOT 3
Census Tract030202
Assessed Land Value$115,000
Assessed Improvement Value$378,472
Assessment Year2025

About this property

Multiple offers- Highest & best due by 4pm, Sunday, 11-4. Better than new, totally defines this home, which was built w many upgrades. After buying, sellers have added media projector & screen in gm rm, the curtains on the 11' by 27' cov patio, int curtains, the sec system, and so much more! The beautiful open flr plan is loaded w extra closets & storage space and the lovely sliders open across the back onto the cov patio overlooking the spacious and very private back yd! A large island dominates the stunning kit with a walk in pantry, extensive cabinetry and counter space, glass accent tile, and so much more! Upgraded finishes and Soothing Colors throughout! Foam insulation for improved energy efficiency!

Investor Tools

Property Icon
$493,472
Estimated Property Value
$329,225Estimated Mortgage Balance
$164,247Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,961 /month
Positive
Cash Flow Estimate:
$987 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$895/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,268
$493,472
2025
$115,000
$378,472
$493,472
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,268
$493,472

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Strong Home Mortgage Llc
Conventional
$358,500
No
First
Jan 28, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,225
$164,247
33%
67%
$2,150/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,550/mo
+$1,310/mo
9.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1705 Hidden Springs Dr | Property Details | No Agent List