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$450,000

3009 Hobbs Ln, Melissa, TX, 75454

$460,074 ARVInfo
PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,951 Sq Ft
price_per_sqft$152.49 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,490 sqft

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APNR-12330-00K-0330-1
Lot Number33
SubdivisionLiberty Phase 7b South (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 7B SOUTH (CML), BLK K, LOT 33
Census Tract030207
Assessed Land Value$135,000
Assessed Improvement Value$400,577
Assessment Year2025

About this property

2022 built K. Hovnanian home at 3009 Hobbs Lane offers luxury finishes and a layout perfectly suited for young families. With nearly $20,000 in custom upgrades, the property features elegant plantation shutters throughout the main level and a garage professionally outfitted with gym flooring and custom built-ins. The open-concept kitchen serves as the home’s center, equipped with beautiful quartz countertops, double ovens, under cabinet lighting, gas cooktop, and a farmhouse sink overlooking spacious family room with soaring ceilings and fireplace. The main floor is designed for function offering a two secondary bedrooms separated by a versatile bonus room—perfect for a playroom and a separate home office. The main floor primary suite includes dual vanities, a garden tub, a walk-in shower and a large walk in closet. A standout feature is the second level, which functions as a private guest quarters. It consists entirely of a massive game room and a large bedroom with a private en-suite full bath, offering total seclusion from the rest of the house. The fenced backyard includes an extended covered porch and patio with lights and TV. This is a chance to secure a highly upgraded home in a top tier neighborhood below market value. Residents attend the prestigious Harry McKillop Elementary, a Region 10 A+ Hall of Fame school. Located less than an hour from DFW Airport and Downtown Dallas, this move-in-ready home offers the best value in Melissa.

Investor Tools

$534,636Estimated Mortgage Balance
$941Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$460,073
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,213 /month
Positive
Cash Flow Estimate:
$1,071 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,009/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,432
$535,577
2025
$135,000
$400,577
$535,577
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,432
$535,577

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
K Hovnanian American Mortgage Llc
Conventional
$577,900
No
First
Jul 27, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$534,636
$941
0%
100%
$3,465/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$4,115/mo
$-1,155/mo
6.6%

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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3009 Hobbs Ln | Property Details | No Agent List