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$440,000

2506 Lovegrass Lane, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,941 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.87 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Plumbed For Ice Maker
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size6,011 sqft

Building Information

Year Built2020
Stories1
Garage Spaces3

Land Information

APNR-12077-00B-0100-1
Lot Number10
SubdivisionMeadow Run Phase 1 (Cml)
Land UseResidential
Legal DescriptionMEADOW RUN PHASE 1 (CML), BLK B, LOT 10
Census Tract030201
Assessed Land Value$130,000
Assessed Improvement Value$310,000
Assessment Year2025

About this property

This STUNNING, like new home offers your farm-house charm! This beauty boasts 3 bed, 2 full baths with a study! Kitchen has stainless steel appliances with gas cooktop and large island perfect for entertaining. Master bedroom ensuite with over-sized shower, separate vanities & large walk in closet. 3 card tandem garage. Enjoy the evening hours on your back patio swing. Wonderful amenities include a pool within walking distance, walking trails & park! This home is a dream come true and won't last long!

Investor Tools

Property Icon
$440,000
Estimated Property Value
$0Estimated Mortgage Balance
$78,751Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$722/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,465
$440,000
2025
$130,000
$310,000
$440,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,465
$440,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$397,100
No
First
Aug 27, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,249
$78,751
17%
82%
$2,381/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,881/mo
+$79/mo
8.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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2506 Lovegrass Lane | Property Details | No Agent List