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$445,724

NAL Estimated Property Value

2318 Knox Way, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,986 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.83 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters, Other
Lot Size6,270 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10624-00H-0230-1
Lot Number23
SubdivisionLiberty Phase 3a (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 3A (CML), BLK H, LOT 23
Census Tract030207
Assessed Land Value$140,000
Assessed Improvement Value$305,724
Assessment Year2025

About this property

Charming one-story home with only one owner, offering three spacious bedrooms and two full baths, thoughtfully designed with a bright and open floorplan perfect for everyday living and entertaining. A private office with double doors provides the ideal space for working from home or a quiet retreat. The heart of the home features a beautiful gourmet kitchen with a large island and seating, stainless steel appliances, a gas stovetop, and a refrigerator that can stay with an acceptable offer — perfect for cooking and gathering. The kitchen and dining room seamlessly overlook the inviting living room with gas fireplace and stone accent wall creating a comfortable and connected living space filled with natural light. Everyone will enjoy the wood floors in the living, dining, kitchen and hallways as well as the built-in speakers in the living room and outside on the covered patio. The private primary suite located at the back of the home offers a relaxing escape with an ensuite bath complete with double sinks, a garden tub, separate stand-up shower and large walk-in closet. This home also features a spacious 2.5-car garage, offering plenty of room for vehicles, storage, or a workshop area. The garage refrigerator can also remain with an acceptable offer. Step outside to enjoy the backyard covered patio with an extended area and a well maintained hot tub on the back porch, creating the perfect setting for outdoor dining, entertaining, or simply relaxing. Located in a wonderful community with fantastic neighborhood amenities including a pool, children’s playground, clubhouse, walking trails and volleyball courts — this home truly has something for everyone! HVAC new in 2025 and roof in 2019.

Investor Tools

Property Icon
$445,724
Estimated Property Value
$264,924Estimated Mortgage Balance
$180,800Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,674 /month
Positive
Cash Flow Estimate:
$891 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,847
$445,724
2025
$140,000
$305,724
$445,724
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,847
$445,724

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Stand Alone First / Home Equity First Lien
$265,690
No
First
Mar 24, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,924
$180,800
40%
59%
$1,593/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,013/mo
+$947/mo
8.0%

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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2318 Knox Way | Property Details | No Agent List