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B+
NoAgentList RatingHow are grades calculated?Info

$740,848

NAL Estimated Property Value

3205 Melanie Ln, Plano, TX, 75023

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,502 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$227.01 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Private Entrance, Private Yard

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-1541-004-0410-1
Lot Number41
SubdivisionForest Creek Estates Phase I (Cpl)
Land UseResidential
Legal DescriptionFOREST CREEK ESTATES PHASE I (CPL), BLK D, LOT 41
Census Tract031636
Assessed Land Value$176,000
Assessed Improvement Value$564,848
Assessment Year2025

About this property

This one-of-a kind home in a peaceful cul-de-sac, offers both tranquility and convenience in one of Plano's most desirable and established neighborhoods. The perfect balance of a casual and elegant feel with large windows and plantation shutters is balanced by a versatile floor plan offering 4 bedrooms (or 3 bedrooms and a spacious game room), three full baths, a home office, plus a bonus room for exercise or flex space. Enjoy the party sized pool in the summer, the inground firepit for cool evenings and the oversized patio all year long. Just a few steps away are the walking trails in the neighborhood or the bike trails thru Jack Carter Park or the Bluebonnet Trail. Don't miss the oversized garage and additional parking for a third car. With its prime location and spacious lot, this home provides a rare opportunity to live in a coveted neighborhood known for its tight-knit community and lasting property values. Listing agent is also the owner.

Investor Tools

Property Icon
$740,848
Estimated Property Value
$326,062Estimated Mortgage Balance
$414,786Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,770 /month
Positive
Cash Flow Estimate:
$1,590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,021/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,550
$740,848
2025
$176,000
$564,848
$740,848
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,550
$740,848

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Conventional
$335,000
No
First
Nov 6, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,062
$414,786
55%
44%
$2,009/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,040/mo
$2,209/mo
+$831/mo
4.9%

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: Plano

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3205 Melanie Ln | Property Details | No Agent List