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$465,513

3202 Mattie Grey Ln, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,272 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.21 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Cooktop, Microwave

Exterior

Exterior FeaturesRain Gutters
Lot Size7,013 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12411-00F-0010-1
Lot Number1
SubdivisionMilrany Ranch Phase 1 (Cml)
Land UseResidential
Legal DescriptionMILRANY RANCH PHASE 1 (CML), BLK F, LOT 1
Census Tract030201
Assessed Land Value$136,500
Assessed Improvement Value$329,013
Assessment Year2025

About this property

Welcome to your next chapter in Melissa ISD—where every corner screams luxury and good vibes. This corner home has the open concept you’ve been dreaming of, a fireplace ready for your cozy nights, and a community that knows how to have fun with a pool, playground, and clubhouse. Basically, it’s giving “main character energy” — come live it before someone else does!

Investor Tools

Property Icon
$465,513
Estimated Property Value
$432,174Estimated Mortgage Balance
$69,370Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,793 /month
Positive
Cash Flow Estimate:
$931 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$952/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,099
$465,513
2025
$136,500
$329,013
$465,513
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,099
$465,513

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$432,174
No
First
Dec 22, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$396,143
$69,370
14%
85%
$2,592/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,592/mo
+$1,268/mo
10.0%

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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3202 Mattie Grey Ln | Property Details | No Agent List