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$413,170

NAL Estimated Property Value

221 Lexington Ave, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,230 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.79 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size6,488 sqft

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APNR-11443-00E-0220-1
Lot Number22
SubdivisionAuburndale Phase 1 (Cml)
Land UseResidential
Legal DescriptionAUBURNDALE PHASE 1 (CML), BLK E, LOT 22
Census Tract030202
Assessed Land Value$110,000
Assessed Improvement Value$303,170
Assessment Year2025

About this property

Beautifully maintained, one story home situated on a corner lot.You’ll love the open floorplan of this 4 bedroom home from the moment you enter! Step inside to find a spacious front bedroom that could also be used as a study or playroom. Down the hall, you'll find a chef’s dream kitchen opening up to the living room & breakfast area, making it perfect for entertaining. Kitchen boasts plenty of crisp white cabinets, modern backsplash, oversized island, and large custom pantry. The family room features floor to ceiling windows centered by a cozy fireplace. Spacious primary bedroom is a private retreat boasting a spa-like master bath with dual sinks, oversized shower, and large walk-in closet. Enjoy unwinding in the backyard featuring patio space with outdoor lighting perfect for your evening cookouts. Neighborhood park and splash pad are conveniently located across the street!

Investor Tools

Property Icon
$413,170
Estimated Property Value
$421,455Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$875/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,429
$413,170
2025
$110,000
$303,170
$413,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,429
$413,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Novus Home Mortgage
Fha
$446,758
Yes
First
Apr 28, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,455
N/A
0%
102%
$2,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,979/mo
$-19/mo
8.6%

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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221 Lexington Ave | Property Details | No Agent List