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$502,981

NAL Estimated Property Value

2711 Willow Lane, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,889 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.72 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-12164-00K-0740-1
Lot Number74
SubdivisionNorth Creek Estates Phase 6b (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 6B (CML), BLK K, LOT 74
Census Tract030207
Assessed Land Value$115,000
Assessed Improvement Value$387,981
Assessment Year2025

About this property

Better than new, Gehan family home nestled in North Creek of Melissa. 2021 built, w recent updates including ceiling fans, lights, new upgraded carpets and wood like tiles spanning the first floor. This home boasts a full secondary bed and bath on the first floor. Open floor plan flows from the kitchen to the living room. Kitchen has Stainless appliances, upgraded dishwasher, new backsplash and gorgeous granite counters and island. Secluded over sized master, master bath has soaking tub, walk in shower, walk in closet that attaches to the utility. Upstairs 2 huge beds, jack n jill bath, game room AND MEDIA room. Sellers also added a extended Covered back porch w fan. Walking distance to school and parks!

Investor Tools

Property Icon
$502,981
Estimated Property Value
$407,124Estimated Mortgage Balance
$95,857Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,018 /month
Positive
Cash Flow Estimate:
$1,006 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$886/month
$684/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,120
$502,981
2025
$115,000
$387,981
$502,981
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,120
$502,981

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank
Unknown
$416,000
No
First
Feb 1, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$407,124
$95,857
19%
81%
$2,648/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,332/mo
+$528/mo
9.2%

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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2711 Willow Lane | Property Details | No Agent List