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Days92Days on Market
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$449,000

2614 Katie Trail, Melissa, TX, 75454

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,402 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.93 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyPre-ForeclosureHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, See Remarks

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8364-00B-0210-1
Lot Number21
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK B, LOT 21
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$296,000
Assessment Year2025

About this property

This charming 1.5-story home offers the perfect blend of comfort and functionality with great features throughout. With 4 bedrooms and 3 full bathrooms, the thoughtfully designed layout provides convenient main-level living while offering a private upstairs retreat. At the heart of the home is a spacious kitchen featuring a large island, gas range, and breakfast room, all overlooking the inviting living room with a cozy fireplace. Elegant architectural details throughout the home add character and warmth to the bright, open spaces highlighting the ceramic tile flooring with a faux wood look finish throughout. The primary suite and two additional bedrooms are located on the first floor, providing convenience and flexibility. Upstairs, the fourth bedroom serves as a private suite with its own full ensuite bath, making it perfect for guests, a home office, or a quiet retreat. The north-facing exterior welcomes you with a charming covered front porch overlooking the fully resodded front yard for the perfect spot to relax and enjoy the neighborhood. The home is nicely landscaped with stone-edged flower beds, enhancing the curb appeal and creating a warm, inviting first impression. With its thoughtful layout, stylish details, and inviting outdoor charm, this home offers a wonderful place to live, relax, and entertain. Make this your next home and call for a showing today! **TWO NEW WATER HEATERS INSTALLED - April 2026!**

Investor Tools

$376,039Estimated Mortgage Balance
$68,961Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,694 /month
Positive
Cash Flow Estimate:
$898 /month

Interested in this property?

Beth Douglas

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$752/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,801
$416,000
2025
$120,000
$296,000
$416,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,801
$416,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$399,999
No
First
Jan 31, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,039
$68,961
15%
85%
$2,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,819/mo
+$141/mo
8.0%

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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2614 Katie Trail | Property Details | No Agent List