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$451,000

NAL Estimated Property Value

3016 Winchester Avenue, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,720 Sq Ft
price_per_sqft$192.98 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size7,449 sqft

Building Information

Year Built2018
Stories2
Garage Spaces2

Land Information

APNR-11295-00C-0070-1
Lot Number7
SubdivisionCreek Crossing Phase One (Cml)
Land UseResidential
Legal DescriptionCREEK CROSSING PHASE ONE (CML), BLK C, LOT 7
Census Tract030207
Assessed Land Value$100,000
Assessed Improvement Value$342,876
Assessment Year2025

About this property

Don't miss out on this home offering the perfect location that includes an A-rating school District, minutes from an upcoming HEB and $800 million Lagoon development, as well as a new 90 acre park with walking trails to enjoy. When entering this beautiful two story home you will be welcomed by a great floor plan, tall ceilings, and natural light. Right off the entry way is a den that could double as the perfect work from home space or extra sleeping area for guest. Kitchen offers stainless steel appliances, granite countertops, and gas stove. The large island that opens to the living and dining area is perfect for entertaining. Stunning primary bedroom is located on the first floor which features a spacious bathroom with double vanities, separate tub & shower, and a large walk-in closet. The iron staircase leads to the second floor which features a loft area, three bedrooms, and one full bathroom.

Investor Tools

Property Icon
$451,000
Estimated Property Value
$412,436Estimated Mortgage Balance
$38,564Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,149 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$849/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,938
$442,876
2025
$100,000
$342,876
$442,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,938
$442,876

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$445,000
No
First
Jun 7, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$412,436
$38,564
8%
91%
$2,668/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,118/mo
+$742/mo
10.3%

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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