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$848,128

NAL Estimated Property Value

2099 County Road 362, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,782 Sq Ft
price_per_sqft$185.12 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Concrete, Wood

Exterior

Exterior FeaturesDog Run, Rain Gutters, Lighting
Lot Size1.42 acres

Building Information

Year Built2006
Stories1
Garage Spaces3

Land Information

APNR-3831-00A-0590-1
Lot Number59
SubdivisionBerry Farms (Cml)
Land UseResidential
Legal DescriptionBERRY FARMS (CML), BLK A, LOT 59
Census Tract030201
Assessed Land Value$225,500
Assessed Improvement Value$622,628
Assessment Year2025

About this property

Beautiful, custom home on heavily treed creek lot. Home features 4 bedrooms, 2 currently used as media and office. Master bedroom has sitting area, his and her closets, walk in shower and lots of storage. Perfect home for entertaining with the oversized living and eating. Kitchen boasts Knotty Alder cabinets, oversized island, granite counters, double ovens, under and over cabinet lighting and a dry bar. Tons of natural light comes through the large windows and 6 sets of double doors. Enjoy the large covered patio overlooking the creek, shade trees and grassy backyard. Garage has a small work room with AC and room above can be finished out. A MUST SEE custom home in the highly sought after Melissa ISD!

Investor Tools

Property Icon
$848,128
Estimated Property Value
$420,076Estimated Mortgage Balance
$428,052Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,089 /month
Positive
Cash Flow Estimate:
$1,696 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,290/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,234
$848,128
2025
$225,500
$622,628
$848,128
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,234
$848,128

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$479,750
No
First
Jan 24, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$420,076
$428,052
50%
50%
$2,877/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,937/mo
+$23/mo
4.2%

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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2099 County Road 362 | Property Details | No Agent List