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$750,000

3217 Royal Melbourne Dr, Plano, TX, 75093

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths2,852 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.97 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Garden
Lot Size11,234 sqft

Building Information

Year Built1995
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR180639
Lot Number32
SubdivisionThe Hills At Prestonwood Vii
Land UseResidential
Legal DescriptionTHE HILLS AT PRESTONWOOD VII BLK A LOT 32
Census Tract021648
Assessed Land Value$155,428
Assessed Improvement Value$612,407
Assessment Year2025

About this property

Welcome to the prestigious neighborhood of The Hills at Prestonwood near the Prestonwood Golf Club, where effortless suburban luxury meets everyday convenience. Designed with open-concept living, soaring ceilings, custom plantation shutters, and glowing natural light, this home offers refined craftsmanship and an inviting layout that fits both elevated entertaining and casual family life. Upgraded carpeting and rich Regal Hardwood floors flow seamlessly throughout the lower level. The heart of the home features a beautiful kitchen updated in 2025, fully equipped with a premier KitchenAid 36 inch 5-burner radiant electric cooktop, a built-in wall oven, and gorgeous Regal Hardwood flooring. Outdoors, your private backyard sanctuary features a sparkling pool and plenty of room to unwind under the Texas sky. Set in an incredible neighborhood, you are steps away from The Clubs of Prestonwood, featuring a championship 18-hole golf course, resort-style pools, racquet sports, and premier clubhouse dining. Outdoor enthusiasts and active families will love being minutes from the 200-acre Arbor Hills Nature Preserve, offering miles of paved and unpaved hiking and biking trails, a shaded playground, and an observation tower with scenic views. Enjoy quick access to Plano's top attractions, including upscale shopping and dining at Stonebriar Mall and Legacy West, plus easy commutes via the Dallas North Tollway. This home provides an exceptional lifestyle where neighborhood charm, premier amenities, and modern comfort come together perfectly.

Investor Tools

$104,710Estimated Mortgage Balance
$837,290Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,652 /month
Positive
Cash Flow Estimate:
$1,884 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$756/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,362
$698,917
2025
$155,428
$612,407
$767,835
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,362
$698,917

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Home Loan Corp
Unknown
$182,700
No
First
Jul 1, 2003
Sep 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,710
$837,290
88%
11%
$1,724/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,470/mo
$2,374/mo
+$1,096/mo
4.4%

City: Plano

3217 Royal Melbourne Dr | Property Details | No Agent List