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$492,568

2111 Terry Ave, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,351 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.03 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4

Exterior

Lot Size6,864 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11635-00P-0160-1
Lot Number16
SubdivisionLiberty Phase 6 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 6 (CML), BLK P, LOT 16
Census Tract030207
Assessed Land Value$140,000
Assessed Improvement Value$352,568
Assessment Year2025

About this property

This stunning 4-bedroom, 3.5-bath home with a dedicated office, built in 2020, is a true showstopper located in the highly desirable master-planned community of Liberty and zoned to the top-rated Melissa ISD. Thoughtfully designed and loaded with upgrades, this home blends modern style with everyday comfort. Step inside to discover stunning laminate flooring, elegant finishes, and a bright, open layout perfect for both relaxing and entertaining. The chef-inspired kitchen features granite countertops, stainless steel appliances, and a striking backsplash, creating a beautiful centerpiece for gatherings. The luxurious bathrooms add a touch of spa-like comfort, while the dedicated office offers flexibility for work or creative space. Outside, you’ll love the beautiful landscaping and covered patio, an ideal setting for entertaining guests or enjoying peaceful evenings at home. Style, space, and upgrades throughout—this exceptional home truly has it all.

Investor Tools

Property Icon
$492,568
Estimated Property Value
$345,421Estimated Mortgage Balance
$119,461Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,955 /month
Positive
Cash Flow Estimate:
$985 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$999/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,529
$492,568
2025
$140,000
$352,568
$492,568
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,529
$492,568

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Mortgage Llc
Fha
$345,421
Yes
First
Mar 5, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$373,107
$119,461
24%
76%
$2,455/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.

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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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2111 Terry Ave | Property Details | No Agent List