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$499,900

3208 Franklin Ave, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.08 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven

Building Information

Year Built2007
Stories2
Garage Spaces2

Land Information

APNR-9279-00F-0050-1
Lot Number5
SubdivisionLiberty Phase 2 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 2 (CML), BLK F, LOT 5
Census Tract030207
Assessed Land Value$132,000
Assessed Improvement Value$399,127
Assessment Year2025

About this property

Welcome to Melissa's highly desired Liberty Community with the sought-after Melissa ISD schools. Priced BELOW appraised tax value and EXTENSIVELY updated, this home offers a 2-story 4-bdrm 3.1bath plus study, upstairs living and media room floorplan. Quality built by Highland Homes as part of Phase 2 of Liberty, this home features fresh paint, recently installed countertops, hardware, lighting and a roof that was just installed. The kitchen is open to the main living area with a large breakfast bar, and great for entertaining with white subway backsplash, granite countertops, and stainless appliances, including a GE Profile 5-burner gas range, double ovens, and vent hood. The large primary suite features a jetted tub, dual vanities, WC and expansive walk-in closet. All bedrooms are located on the first floor with additional living upstairs with a game room, media room, full bath, and large storage closet on the second floor. Neighborhood amenities include pools, amenity center, ponds and more. Convenient access to SH 121 & US 75 for easy commuting. ?

Investor Tools

Property Icon
$531,127
Estimated Property Value
$425,000Estimated Mortgage Balance
$109,209Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,187 /month
Positive
Cash Flow Estimate:
$1,062 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,071/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,200
$531,127
2025
$132,000
$399,127
$531,127
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$22,200
$531,127

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$425,000
No
First
Dec 2, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,918
$109,209
20%
79%
$2,549/mo

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: Melissa

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3208 Franklin Ave | Property Details | No Agent List