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$511,000

NAL Estimated Property Value

3207 Franklin Ave, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,693 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.38 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2013
Stories1
Garage Spaces2

Land Information

APNR-9279-00E-0110-1
Lot Number11
SubdivisionLiberty Phase 2 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 2 (CML), BLK E, LOT 11
Census Tract030207
Assessed Land Value$132,000
Assessed Improvement Value$377,627
Assessment Year2025

About this property

Welcome to Melissa's highly desired Liberty community with the sought-after Melissa ISD schools. This community has numerous walking trails, parks and lakes throughout. 4 bedroom, office, and 3.5 bath home is so spacious with an open floor plan for ease in entertainment. Upon entry, there is a large office space for those working from home. The primary bedroom is separate from the other remaining bedrooms. The formal dining area off the kitchen area gives you plenty of space to entertain on those special occasions. The kitchen has a ton of countertop space as well as cabinets. Storage is not an issue here. Covered patio for grilling outside in the hot summer months. 3 car tandem garage with plenty of space for storage. Recently installed water softener and 2023 tankless water heater. Energy Star-certified built home.

Investor Tools

Property Icon
$511,000
Estimated Property Value
$0Estimated Mortgage Balance
$511,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,066 /month
Positive
Cash Flow Estimate:
$1,022 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$790/month
$778/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,927
$509,627
2025
$132,000
$377,627
$509,627
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,927
$509,627

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$511,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$778/mo
+$3,082/mo
9.1%

City: Melissa

3207 Franklin Ave | Property Details | No Agent List