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$473,335

NAL Estimated Property Value

3216 Mattie Grey Ln, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,364 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.17 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Tile, Vinyl

Exterior

Lot Size6,490 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12411-00F-0080-1
Lot Number8
SubdivisionMilrany Ranch Phase 1 (Cml)
Land UseResidential
Legal DescriptionMILRANY RANCH PHASE 1 (CML), BLK F, LOT 8
Census Tract030201
Assessed Land Value$130,000
Assessed Improvement Value$343,335
Assessment Year2025

About this property

This exceptional single-family home is located in the highly sought-after Milrany Ranch community. The property offers four generously sized bedrooms and three full bathrooms, designed to accommodate both comfort and functionality. The open-concept floor plan features a welcoming living area with a gas fireplace—ideal for entertaining—as well as a designated dining space. Modern conveniences include access to high-speed internet and cable TV. Outdoors, the neat backyard and covered patio provide a serene setting for relaxation or gatherings. Energy-efficient features include a central HVAC system, solar panels, and a Tesla charging station. Interior finishes include ceramic tile and carpet flooring, decorative lighting, and a spacious two-car garage. Situated within the acclaimed Melissa Independent School District, the home is conveniently located near Sumeer Elementary, Melissa Middle School, and Melissa High School. A must-see opportunity.

Investor Tools

Property Icon
$473,335
Estimated Property Value
$464,955Estimated Mortgage Balance
$8,380Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,840 /month
Positive
Cash Flow Estimate:
$947 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$845/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,772
$473,335
2025
$130,000
$343,335
$473,335
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,772
$473,335

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$503,500
No
First
Apr 1, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$464,955
$8,380
1%
98%
$3,019/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$4,219/mo
$-359/mo
9.8%

City: Melissa

3216 Mattie Grey Ln | Property Details | No Agent List