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$380,000

3105 Willow Place Drive, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,918 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.12 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2010
Stories1
Garage Spaces2

Land Information

APNR-8672-00B-0450-1
Lot Number45
SubdivisionTrails Of Melissa Phase I (Cml)
Land UseResidential
Legal DescriptionTRAILS OF MELISSA PHASE I (CML), BLK B, LOT 45
Census Tract030201
Assessed Land Value$118,750
Assessed Improvement Value$248,413
Assessment Year2025

About this property

LARGE, CORNER LOT, fantastic backyard space too! This home nestles up to nature with a nearby creek, treed views, park, and playground at the end of this cul de sac street. The wonderful flow of this single story welcomes you into a well-sized living area with a fireplace, an open kitchen with a breakfast bar, a pantry, and stainless appliances. Split bedrooms with the primary overlooking the backyard. A bonus room in the front of the house that can be used for study, a second living area, or whatever your needs are. Come see what all your possibilities look like here. CARPET UPDATED SEPTEMBER 1 ! This area is growing so fast, make plans to come see us soon!

Investor Tools

Property Icon
$375,000
Estimated Property Value
$0Estimated Mortgage Balance
$375,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$788/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,583
$367,163
2025
$118,750
$248,413
$367,163
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,583
$367,163

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$375,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$225/mo
+$2,735/mo
9.5%

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.

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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3105 Willow Place Drive | Property Details | No Agent List