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$510,023

NAL Estimated Property Value

3304 Herron Drive, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,945 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.9 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesConvection Oven, Disposal, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Terrazzo, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,600 sqft

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10856-00B-0110-1
Lot Number11
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK B, LOT 11
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$390,023
Assessment Year2025

About this property

The Drive up will welcome you to this better-than-new home! The stunning entry with a breathtaking staircase provides a glimpse of what is in store in this lovely home! Gorgeous scraped hardwood floors, stunning stone fireplace, open concept with large island-perfect for entertaining family and friends. Study with beautiful french doors and striking stone chair rail effect, dining and downstairs master round out the first floor. Upstairs you will find the gameroom, media room and two additional bedrooms and bath! The covered patio and large backyard provide a perfect place for morning coffee or an evening glass of wine after a busy day! This gorgeous Sumeer Home is Immaculate and ready for you to call it home!

Investor Tools

Property Icon
$510,023
Estimated Property Value
$308,605Estimated Mortgage Balance
$201,418Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$952/month
$390/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,873
$510,023
2025
$120,000
$390,023
$510,023
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,873
$510,023

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$346,655
No
First
Sep 24, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,605
$201,418
39%
61%
$2,079/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,469/mo
+$1,391/mo
9.1%

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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3304 Herron Drive | Property Details | No Agent List