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$590,000

2902 Patton Dr, Melissa, TX, 75454

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,282 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.77 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Double Oven

Building Information

Year Built2012
Stories2
Garage Spaces2

Land Information

APNR-9279-00S-0180-1
Lot Number18
SubdivisionLiberty Phase 2 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 2 (CML), BLK S, LOT 18
Census Tract030207
Assessed Land Value$138,000
Assessed Improvement Value$386,000
Assessment Year2025

About this property

This home checks every box! From the moment you walk in, you'll notice the attention to detail—gorgeous nail-down hardwood floors, fresh landscaping that instantly elevates the curb appeal. The open-concept layout is both functional and inviting. The kitchen is equipped with a gas cooktop, double ovens, microwave, and a generous island with breakfast bar seating. An additional breakfast bar bridges the kitchen and family room, making it easy to entertain or stay connected while cooking. The spacious family room features a wood-burning fireplace with a gas starter, and there’s a formal dining room plus a separate office for remote work or quiet study. The utility room is thoughtfully designed—not a pass-through to the garage—and offers storage cabinets and space for a freezer. Retreat to the oversized primary suite with plenty of space for all of your furniture. The ensuite bath includes separate vanities, a soaking tub, separate shower, and a built-in medicine cabinet. Upstairs is a dream space for kids or guests, featuring a large game room and a fully loaded media room. Two of the three bedrooms upstairs share a full bathroom, while one has its own private bath—perfect for that lucky someone. Step outside to a large covered patio with a second wood-burning fireplace and gas starter. The backyard offers plenty of space to add a large pool, and the oversized 3-car garage provides extra room for storage or hobbies. Located in a highly sought-after community with top-rated schools—this home offers everything you need and more!

Investor Tools

Property Icon
$651,000
Estimated Property Value
$686,500Estimated Mortgage Balance
$0Estimated Equity
-5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,906 /month
Positive
Cash Flow Estimate:
$1,302 /month

Interested in this property?

Ashley Hardcastle

The Real Estate Project

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,154/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,597
$524,000
2025
$138,000
$386,000
$524,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,597
$524,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Purchase Money Mortgage
$686,500
No
First
May 4, 2022
Apr 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,535,458
N/A
0%
236%
$9,851/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$10,201/mo
$-6,341/mo
7.1%

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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