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$493,000

NAL Estimated Property Value

2503 Lemon Mint Ln, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,739 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.68 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesBuilt-In Gas Range, Dishwasher, Electric Oven, Gas Cooktop, Gas Range, Microwave, Tankless Water Heater, Vented Exhaust Fan, Other, Water Softener

Exterior

Lot Size7,318 sqft

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APNR-12495-00B-0220-1
Lot Number22
SubdivisionMeadow Run Phase 3 (Cml)
Land UseResidential
Legal DescriptionMEADOW RUN PHASE 3 (CML), BLK B, LOT 22
Census Tract030201
Assessed Land Value$121,500
Assessed Improvement Value$362,956
Assessment Year2025

About this property

2 Primary bedrooms! This East facing timeless traditional offers show-stopping curb appeal & numerous custom upgrades that will put this gem at the top of your list! Natural lighting streams throughout this open airy layout, highlighting the soft neutral tones, and on-trend flooring that accents any décor! The kitchen & family area presents the perfect setting for everyday living & entertaining-----while this HUGE backyard will certainly be the setting for many future parties & gatherings. This gourmet kitchen shows like a model home & comes equipped with chef's grade stainless steel appliances, gas burner cooktop, gorgeous cabinetry, and designer backsplash! The main level was thoughtfully designed with versatility in mind, offering a split primary retreat that allows for privacy, and a dedicated home office that would also make a great gym area or guest bedroom! Upstairs features an expansive game room, 3 bedrooms (1 bedroom with a private en-suite) and an additional full bath! Near walking trails & Melissa High School & the new $35 million stadium! Quick access to major routes, an array of entertainment & activities! Bring all offers!

Investor Tools

Property Icon
$493,000
Estimated Property Value
$433,811Estimated Mortgage Balance
$59,189Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$864/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,902
$484,456
2025
$121,500
$362,956
$484,456
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,902
$484,456

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocio Mortgage Llc
Unknown
$456,000
No
First
Feb 24, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$433,811
$59,189
12%
88%
$2,519/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,019/mo
+$841/mo
9.4%

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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2503 Lemon Mint Ln | Property Details | No Agent List