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$375,900

208 Crescent Avenue, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,105 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.57 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,489 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-12083-00E-0070-1
Lot Number7
SubdivisionAuburndale Phase 2 (Cml)
Land UseResidential
Legal DescriptionAUBURNDALE PHASE 2 (CML), BLK E, LOT 7
Census Tract030202
Assessed Land Value$110,000
Assessed Improvement Value$287,000
Assessment Year2025

About this property

Great Opportunity for Investor with Current Tenant in place. Auburndale Community zoned for sought-after Melissa ISD. Easy access to Hwy 75. Beautiful 1-Story Floor Plan with 4 Bedrooms and 2 Full Bathrooms. Open Floor Plan with Luxury Vinyl-Plank floors in living areas. Kitchen boasts White Cabinets, Stainless Steel Appliances, Granite Countertops, Walk-In Pantry and Decorative Pendant Lighting. Large Primary Bedroom with Bay Windows. Primary Bathroom includes Dual Sinks, Separate Shower and Large Walk-In Closet. 3 Guest Bedrooms share a Hall Bathroom. Separate Utility Room. Large Covered Patio and Fenced Yard. Tankless Water Heater. Current Lease in place until May 31, 2023.

Investor Tools

Property Icon
$397,000
Estimated Property Value
$0Estimated Mortgage Balance
$136,929Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,382 /month
Positive
Cash Flow Estimate:
$794 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$810/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,740
$397,000
2025
$110,000
$287,000
$397,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,740
$397,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$277,125
No
First
Jan 25, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,071
$136,929
34%
66%
$1,662/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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208 Crescent Avenue | Property Details | No Agent List