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$410,000

$420,000

3012 Winchester Ave, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,226 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.19 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,492 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11295-00C-0090-1
Lot Number9
SubdivisionCreek Crossing Phase One (Cml)
Land UseResidential
Legal DescriptionCREEK CROSSING PHASE ONE (CML), BLK C, LOT 9
Census Tract030207
Assessed Land Value$100,000
Assessed Improvement Value$325,778
Assessment Year2025

About this property

Looking for a SPACIOUS, PRIVATE backyard? NO MUD OR PID. Walking distance to the new Melissa Lake Park with a huge playground, splash pad and fishing. One Owner Home in an ideal location. Inside you'll find a well-designed versatile floorplan with 4 bedrooms, extra room for office or an extra bedroom or exercise room, 2 full baths with a large family room and dining room. Flooring includes vinyl wood flooring. The kitchen is a standout with abundant cabinet space, granite countertops, gas stove top, stainless steel appliances and a walk-in pantry. Family room features vaulted ceilings with ample windows for natural light. The primary room is generously sized with room for a king bed and a large walk-in closet. Step outside to an expansive covered patio perfect for entertaining. The backyard offers ample space for a future pool, garden or outdoor kitchen. This home is meticulously maintained and shows beautifully. Roof, gutters replaced December 2025 and wood fence restained and exterior painted. In 2025 The dishwasher and microwave were replaced. Patio ceiling fans were also replaced in 2025. Location is a plus located minutes from I-75, Hwy 5, Hwy 121 and the Collin County Outerloop is within walking distance to North Creek Elementary School.

Investor Tools

$47,169Estimated Mortgage Balance
$383,913Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,586 /month
Positive
Cash Flow Estimate:
$862 /month

Interested in this property?

Susan Ross

Texan Roots Real Estate LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$793/month
$217/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,366
$425,778
2025
$100,000
$325,778
$425,778
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,366
$425,778

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Credit Line (Revolving) / Heloc
$50,000
No
First
May 17, 2023
Jun 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,169
$383,831
89%
11%
$300/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$517/mo
+$3,343/mo
10.7%

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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3012 Winchester Ave | Property Details | No Agent List