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$490,000

NAL Estimated Property Value

2906 Wallis Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,843 Sq Ft
price_per_sqft$189.59 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size7,841 sqft

Building Information

Garage Spaces3

Land Information

APNR-13259-00M-0360-1
Lot Number36
SubdivisionMilrany Ranch
Land UseVacant Residential Lots In City Under 5 Acres
Legal DescriptionMILRANY RANCH PHASE 3 (CML), BLK M, LOT 36
Census Tract030201
Assessed Land Value$50,400
Assessment Year2025

About this property

Gorgeous 1 story UnionMain Homes with 4 bedrooms, 2 and a half baths, 2 living rooms, dining room, media room, mud room, large covered back patio, and 3 car tandem garage. Elegant curb appeal with clay king-sized brick and stone elevations and an 8 foot front door with keyless entry sets the tone from the start. Inside, enjoy crown moulding at the entry, contemporary interior doors, rounded corners throughout and resilient laminate plank flooring throughout the main living areas. The kitchen features shop-finished cabinets with 42 inch upper cabinets, 3cm granite countertops, a large breakfast island, and a stainless steel appliance package with gas range and energy-saving dishwasher. The primary bedroom offers a private retreat with a large walk in closet, dual vanity sinks, a walk-in shower with decorative tile, and a classic garden tub with tile surround. Additional highlights include Alexa Show, video doorbell, Honeywell WiFi thermostat, and a full security system with smoke and carbon monoxide detectors, full sprinkler system, 6 foot stained with cap fence, 16 SEER AC, PEX plumbing, tankless water heater, 30 year Dimensional Driftwood shingles, Vinyl Low E windows. Backed by a 10-year structural warranty. The HOA features a swimming pool, playground, and hiking & biking trails Photos are representational and are not of the real property. Available for move in 30 DAYS FROM CONTRACT.

Investor Tools

Property Icon
$490,000
Estimated Property Value
$0Estimated Mortgage Balance
$490,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
$1,268/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,067
$50,400
2025
$50,400
N/A
$50,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,067
$50,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$490,000
100%
0%
$0/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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2906 Wallis Drive | Property Details | No Agent List