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$405,000

3300 Blue Jay Lane, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,430 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.67 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size11,204 sqft

Building Information

Year Built2016
Stories1
Garage Spaces3

Land Information

APNR-10856-00D-0080-1
Lot Number8
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential Single Family
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK D, LOT 8
Census Tract030207
Assessed Land Value$132,000
Assessed Improvement Value$371,924
Assessment Year2025

About this property

Gorgeous Sumeer home located on large corner lot in desirable Magnolia Ridge! 8 ft Knotty Alder door with Speak Easy leads to extensive HS hardwoods through entry, study, dining, living and primary BR. Elegant dining room and French doors lead to the versatile study. Graceful arches highlight the popular open concept kitchen and living room. Stunning black cabinetry, huge granite island with seating and Butler's Pantry are featured along with SS appliances. The tray ceiling treatment and floor to ceiling stone fireplace are the focal point of the LR. The spacious primary BR offers another tray ceiling along with a huge WI closet and granite topped His & Hers vanities. Relaxing backyard with storage building!

Investor Tools

Property Icon
$503,924
Estimated Property Value
$0Estimated Mortgage Balance
$133,168Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,024 /month
Positive
Cash Flow Estimate:
$1,008 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,060/month
$390/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,197
$503,924
2025
$132,000
$371,924
$503,924
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,197
$503,924

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$407,550
No
First
Aug 26, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,756
$133,168
26%
74%
$2,444/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,834/mo
+$1,026/mo
9.2%

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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3300 Blue Jay Lane | Property Details | No Agent List