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$3,250

3006 Milton Dr, Melissa, TX, 75454

PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,831 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.15 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Dryer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer

Building Information

Year Built2022
Stories2
Garage Spaces3

Land Information

APNR-12664-00B-0030-1
Lot Number3
SubdivisionLiberty Phase 8a (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 8A (CML), BLK B, LOT 3
Census Tract030207
Assessed Land Value$135,000
Assessed Improvement Value$392,062
Assessment Year2025

About this property

Welcome to Liberty — one of Melissa's most beloved master-planned communities, and the perfect place to put down roots in North Texas. This stunning four bedroom, three bath home is fresh, clean, and flooded with natural light from the moment you walk in. Whether you're looking for a turnkey move-in or need a little help getting settled, this home is available partially furnished — making it one of the most flexible options on the market. Liberty is a 535-acre master-planned community designed to keep that small-town spirit fully intact, and it shows in every detail. Residents enjoy an amenity center with resort-style pool and splash pad, a sports pavilion with gas grills, sand volleyball courts, catch-and-release fishing ponds, playgrounds, soccer fields, and miles of walking paths — all right outside your door. And if that's not enough, Melissa's newly renovated 99-acre park is just steps away, offering even more green space, trails, and room to breathe. For families, Liberty checks every box. Harry McKillop Elementary is located on-site within the community — kids can literally walk to school — and the home feeds into the award-winning Melissa ISD all the way through Melissa Middle School and Melissa High School. Just seven miles north of McKinney with easy access to Frisco, Allen, and Dallas, Liberty gives you the best of both worlds — a tight-knit neighborhood with small-town charm and the convenience of everything North Texas has to offer. This is the one. Property CAN come furnished for an additional $300 per month added to the base rent.

Investor Tools

$485,831Estimated Mortgage Balance
$59,169Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,270 /month
Positive
Cash Flow Estimate:
$1,090 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$999/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,258
$527,062
2025
$135,000
$392,062
$527,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,258
$527,062

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
K Hovnanian American Mortgage Llc
Conventional
$518,600
No
First
Feb 10, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$485,831
$60,169
11%
89%
$3,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,110/mo
+$750/mo
8.5%

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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3006 Milton Dr | Property Details | No Agent List