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$677,233

NAL Estimated Property Value

2605 Patton Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.08 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Tankless Water Heater
FlooringWood

Building Information

Year Built2022
Stories1
Garage Spaces3

Land Information

APNR-12329-00C-0170-1
Lot Number17
SubdivisionLiberty Phase 7d (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 7D (CML), BLK C, LOT 17
Census Tract030207
Assessed Land Value$175,000
Assessed Improvement Value$502,233
Assessment Year2025

About this property

Thoughtfully designed and packed with over $150,000 in upgrades, this stunning one-story Highland Home offers a layout that feels both expansive and effortlessly livable. Built in 2022 on a 70-foot lot, it features 4 bedrooms, 3.5 bathrooms, a private office with built-ins and fiber internet, a media room, and a flex space currently used as a home gym. The moment you walk in, you’re greeted by soaring 13-foot ceilings and engineered wood flooring that flows through the main living areas, setting the tone for the craftsmanship and care found throughout. At the center of the home is a chef’s kitchen designed to impress, complete with a 36-inch upgraded cooktop, double ovens, and an oversized island with an extended eat-at bar that invites conversation, connection, and everyday moments. The oversized primary suite is privately tucked away and offers plenty of space for a sitting area or reading nook. It features dual vanities, an oversized shower, and a spacious walk-in closet—your own calm retreat at the end of the day. Each secondary bedroom is full of natural light and generous in size, offering flexibility for guests, family, or creative use. Situated in the sought-after Liberty master-planned community, you’ll have access to a resort-style pool, sports pavilion, fishing ponds, playgrounds, and walking trails—all just steps from Harry McKillop Elementary. From the upgrades to the layout to the lifestyle it offers, this home is more than move-in ready—it’s ready to be loved.

Investor Tools

Property Icon
$677,233
Estimated Property Value
$643,396Estimated Mortgage Balance
$33,837Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,584 /month
Positive
Cash Flow Estimate:
$1,528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,307/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,294
$677,233
2025
$175,000
$502,233
$677,233
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,294
$677,233

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highland Homeloans Llc
Conventional
$685,588
No
First
Jan 24, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$643,396
$33,837
4%
95%
$4,111/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$4,811/mo
$-951/mo
6.8%

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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2605 Patton Dr | Property Details | No Agent List