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B+
NoAgentList RatingHow are grades calculated? Info

$542,000

2701 Kennedy Drive, Melissa, TX, 75454

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,244 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.99 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Gas Cooktop, Gas Oven, Gas Range, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APNR-8364-00J-0070-1
Lot Number7
SubdivisionLiberty Phase 1 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 1 (CML), BLK J, LOT 7
Census Tract030207
Assessed Land Value$126,000
Assessed Improvement Value$408,416
Assessment Year2025

About this property

Gorgeous high end Drees in popular Liberty! This light & bright home features wood floors & updated fixtures! Private study with French doors. Elegant formal dining room opens to a spacious family room with fireplace. Huge 1st floor master suite with luxurious bath plus a 2nd guest suite down with full bath access. Large island kitchen has granite, stainless steel appliances & gas cook top. Private backyard oasis with sparkling pool & 8ft board on board fence. Large game room plus 3 bedrooms & 2 full baths up. Homeowner added tankless hot water system, High efficiency Trane HVAC system and impact resistant shingles. Information herein deemed accurate but not guaranteed - buyer and buyers agent to verify.

Investor Tools

Property Icon
$542,000
Estimated Property Value
$0Estimated Mortgage Balance
$90,904Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,252 /month
Positive
Cash Flow Estimate:
$1,084 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,017/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,498
$534,416
2025
$126,000
$408,416
$534,416
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,498
$534,416

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$493,050
No
First
Nov 4, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,096
$90,904
16%
83%
$2,957/mo

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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2701 Kennedy Drive | Property Details | No Agent List