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$903,000

NAL Estimated Property Value

2802 Berry View Ct, Melissa, TX, 75454

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.51 acres

Land Information

APNR-3831-00A-0740-1
Lot Number74
SubdivisionBerry Farms (Cml)
Land UseResidential
Legal DescriptionBERRY FARMS (CML), BLK A, LOT 74
Census Tract030201
Assessed Land Value$205,000
Assessment Year2025

About this property

Come build your dream home on this fantastic lot in the highly sought after Berry Farms neighborhood. Located near the end of a cul de sac, this lot offers privacy, mature trees and room to enjoy nature! In the exemplary Melissa ISD. Country living but still close to major highways for easy access.

Investor Tools

Property Icon
$903,000
Estimated Property Value
$695,922Estimated Mortgage Balance
$207,078Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,418 /month
Positive
Cash Flow Estimate:
$1,806 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$659/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,395
$205,000
2025
$205,000
N/A
$205,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,395
$205,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Open End Mortgage / Open End With Future Advance Clause
$715,000
No
First
Nov 26, 2024
Nov 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$695,922
$207,078
22%
77%
$4,287/mo

Learn About the Market: Opportunity in Texas

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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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2802 Berry View Ct | Property Details | No Agent List