4view

Owner Contacts

$328,000

NAL Estimated Property Value

289 Big Bear Dr, Melissa, TX, 75454

Off Market

3 Beds

2 Bath

1,618 Sq Ft

$222.5 / sqft

Built in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Dryer, Electric Range, Gas Water Heater, Microwave, Double Oven, Refrigerator, Washer

FlooringCarpet, Ceramic Tile

Exterior

Private Pool

Exterior FeaturesRain Gutters, Lighting, Private Yard

Building Information

Year Built2005

Stories1

Garage Spaces2

Land Information

APNR-8153-00I-0190-1

Lot Number19

SubdivisionHunters Ridge Phase 2 (Cml)

Land UseResidential

Legal DescriptionHUNTERS RIDGE PHASE 2 (CML), BLK I, LOT 19

Census Tract030206

Assessed Land Value$90,000

Assessed Improvement Value$229,552

Assessment Year2025

About this property

Prepare to FALL IN LOVE with 289 Big Bear Drive! The owner loves this home so much that she’s been here for 17 years! From the moment you step in the door, you will notice the love and care that has gone into this home since it was built. From the wood-look tile in soothing, earth tones, to the newly installed carpet, plantation shutters, and fully remodeled kitchen, this home is HIGH STYLE. The kitchen offers quartz countertops, cabinetry painted in Grey Mist with soft close hinges, brushed nickel hardware, and a double oven for the master chef in your family. You’ll love the slider off the back patio, which lets in tons of natural light. Open layout with gas fireplace and elegant dining fixture. Both bathrooms have new vanities in calming colors, designer light fixtures and mirrors. Well-maintained with newer roof and solar screens off the back of the house. Enjoy the massive community pool, parks, playgrounds, and running trails! Are you ready to call this ONE OWNER home YOUR OWN?!

Investor Tools

$328,000

Estimated Property Value

$315,940Estimated Mortgage Balance

$12,060Estimated Equity

3% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,160 /month

Positive

Cash Flow Estimate:

$720 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$528/month

$174/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,691

$319,552

2025

$90,000

$229,552

$319,552

Tax History

Year

Tax Paid

Assessed Value

2024

$4,691

$319,552

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

American Mortgage Advisers Inc

Conventional

$337,250

First

Dec 12, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$315,940

$12,060

96%

$2,022/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,960/mo

$2,196/mo

+$764/mo

10.8%

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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