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$546,992

NAL Estimated Property Value

2307 Ranchwood Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,460 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.25 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters
Lot Size10,357 sqft

Building Information

Year Built2021
Stories2
Garage Spaces3

Land Information

APNR-12308-00C-0010-1
Lot Number1
SubdivisionLegacy Ranch Phase 1 (Cml)
Land UseResidential
Legal DescriptionLEGACY RANCH PHASE 1 (CML), BLK C, LOT 1
Census Tract030206
Assessed Land Value$178,250
Assessed Improvement Value$368,742
Assessment Year2025

About this property

Discover a harmonious blend of comfort and style in this inviting 4-bedroom, 3-bathroom home nestled in the heart of Melissa, TX. Featuring an expansive 3-car garage, this residence is an ideal sanctuary for those seeking ample space and modern convenience. As you enter, the thoughtful split bedroom layout ensures privacy and functionality for every member of the household. The home boasts two versatile living areas, perfect for family gatherings or a quiet retreat. Enjoy meals in the formal dining space or the casual breakfast area, catering to every occasion. The oversized primary bedroom offers an exquisite haven with a relaxing sitting area and abundant natural light. It also includes a generous walk-in closet designed for the fashion enthusiast. The additional bedrooms provide spacious layouts and plenty of storage options, making organization a breeze. The home's kitchen is a culinary enthusiast's dream, featuring sleek granite countertops and a walk-in pantry that perfectly combines style and practicality. Adjacent to the kitchen, a private laundry room offers convenience and ease, making household tasks less of a chore. Outside, the property sits proudly on an oversized corner lot, offering plenty of space for outdoor activities. The covered patio presents a delightful venue for year-round entertainment or serene relaxation. Complemented by a sprinkler system, gutters, and stone-encased flowerbeds, the exterior maintains its pristine appearance effortlessly. With an abundance of storage throughout and charming details in every corner, this home stands out as a true gem in Melissa. Immerse yourself in a residence that not only fits your lifestyle but enhances it in every conceivable way.

Investor Tools

Property Icon
$546,992
Estimated Property Value
$358,509Estimated Mortgage Balance
$188,483Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,282 /month
Positive
Cash Flow Estimate:
$1,094 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$988/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,119
$546,992
2025
$178,250
$368,742
$546,992
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,119
$546,992

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Conventional
$392,592
No
First
Dec 16, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$358,509
$188,483
34%
66%
$2,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,054/mo
+$806/mo
8.5%

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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2307 Ranchwood Dr | Property Details | No Agent List