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$590,000

$595,000

3001 Milton Dr, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,212 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.69 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
AppliancesBuilt-In Gas Range, Dishwasher, Disposal
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APNR-12664-00C-0290-1
Lot Number29
SubdivisionLiberty Phase 8a (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 8A (CML), BLK C, LOT 29
Census Tract030207
Assessed Land Value$150,000
Assessed Improvement Value$417,995
Assessment Year2025

About this property

Welcome to this beautifully designed home offering an incredible amount of space and flexibility for today's lifestyle. With 5 spacious bedrooms, 4 full bathrooms, a private study, and two additional upstairs flex spaces, there's room for everyone to spread out. Whether you need a game room, media room, homeschool area, home gym, or second office, this floor plan adapts to fit your needs. The open-concept main living area is ideal for everyday living and entertaining, while the private downstairs primary suite offers a peaceful retreat. Generously sized secondary bedrooms and multiple living spaces make this home perfect for growing families, multi-generational living, or hosting guests. Situated on an oversized corner lot, you'll enjoy extra outdoor space and added privacy in one of Melissa's most desirable communities. Families will love being located in top-rated Melissa ISD, with the elementary school just around the corner, making school mornings quick and convenient. Just minutes away is the brand-new Melissa Lake Park, one of the city's newest gathering places featuring scenic walking trails, a fishing lake, playgrounds, pickleball and basketball courts, picnic areas, open green space, and room for the whole family to enjoy the outdoors. Melissa continues to be one of the fastest-growing communities in North Texas, offering small-town charm with easy access to major highways, shopping, dining, and employment centers. With continued residential and commercial growth, exciting new amenities, and strong buyer demand, Melissa offers not only an exceptional place to call home but also outstanding long-term potential for building equity. This is the perfect opportunity to enjoy the space you need today while investing in one of North Texas' most exciting and rapidly growing communities.

Investor Tools

$509,010Estimated Mortgage Balance
$105,637Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,672 /month
Positive
Cash Flow Estimate:
$1,224 /month

Interested in this property?

Lauren Barrett

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,126/month
$840/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,451
$567,995
2025
$150,000
$417,995
$567,995
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,451
$567,995

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highland Homeloans Llc
Conventional
$539,569
No
First
Apr 28, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$509,010
$128,990
20%
83%
$3,235/mo

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.

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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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3001 Milton Dr | Property Details | No Agent List