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$575,000

3008 Hobbs Ln, Melissa, TX, 75454

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,954 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.65 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Half 4Bathrooms Half 4
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Microwave, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,098 sqft

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12330-00O-0110-1
Lot Number11
SubdivisionLiberty Phase 7b South (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 7B SOUTH (CML), BLK O, LOT 11
Census Tract030207
Assessed Land Value$135,000
Assessed Improvement Value$400,351
Assessment Year2025

About this property

Price Improvement!!!! This warm and inviting North Facing Highland home in Melissa offers an incredible blend of space, comfort, and functionality with 5 bedrooms, 4 full bathrooms, and 2,954 square feet designed to fit every season of life! From the moment you arrive, you’ll love the cute front porch that adds charm and the perfect spot to enjoy your morning coffee or unwind in the evenings. The layout is ideal for both daily living and entertaining, featuring open concept main living areas that flow effortlessly into the kitchen and dining spaces, plus plenty of room for everyone to spread out. With five true bedrooms and four full baths, this home is perfect for growing households, multigenerational living, or anyone needing dedicated space for guests, a home office, or hobbies. The primary suite feels like a private retreat with a spacious en-suite bath and generous closet space, while the secondary bedrooms are well-sized and thoughtfully placed throughout the home for added privacy. Enjoy the backyard for play, pets, or relaxing evenings outdoors and appreciate being in a great Melissa location with convenient access to Highway 75 for an easy commute to McKinney, Frisco, Plano, and DFW Airport, along with nearby shopping, dining, parks and everyday essentials!

Investor Tools

$473,708Estimated Mortgage Balance
$95,292Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

Interested in this property?

Hai Hoang

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,178/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,285
$535,351
2025
$135,000
$400,351
$535,351
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,285
$535,351

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Mortgage Inc
Conventional
$508,356
No
First
Sep 19, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,708
$95,292
16%
83%
$3,048/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.

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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