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Days80Days on Market
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$520,000

$545,000

3304 Mattie Grey Lane, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,271 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.97 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Hardwood, Laminate

Exterior

Lot Size6,011 sqft

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-12709-00F-0160-1
Lot Number16
SubdivisionMilrany Ranch Phase 2 (Cml)
Land UseResidential
Legal DescriptionMILRANY RANCH PHASE 2 (CML), BLK F, LOT 16
Census Tract030201
Assessed Land Value$130,000
Assessed Improvement Value$413,670
Assessment Year2025

About this property

This beautifully upgraded 5-bedroom, 4-bath home in the desirable community of Melissa, TX offers the perfect blend of modern comfort, functionality, and space. Designed with everyday living and entertaining in mind, the open-concept layout features a bright, spacious living area that flows seamlessly into a well-appointed kitchen, deal for gathering, hosting, and making life easier. The main level includes a private office for work-from-home flexibility and a luxurious primary suite with a spa-like bath, creating a true retreat. Upstairs, you’ll find four generously sized bedrooms, including an en suite layout with a private full bath, along with two additional bathrooms and a large game room perfect for entertaining, relaxing, or creating a media space. This home stands out with thoughtful, high-quality upgrades throughout. A built-in central vacuum system with in-wall tubing and convenient sweep inlets adds everyday convenience, while the whole-home Westinghouse water filtration system, installed 2024.enhances water quality for drinking, cooking, and bathing. The primary bedroom features upgraded rechargeable motorized roller shades for added comfort and privacy. HomePro security system includes a front door camera, motion detectors, and security panel for peace of mind. Located in a vibrant community with access to a pool and playground, this home offers the space, upgrades, and lifestyle today’s buyers are looking for. Tenants lease agreement ends May 2027.

Investor Tools

Property Icon
$543,670
Estimated Property Value
$0Estimated Mortgage Balance
$543,670Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,262 /month
Positive
Cash Flow Estimate:
$1,087 /month

Interested in this property?

Todd Asaad

Independent Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,113/month
$1,315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,641
$543,670
2025
$130,000
$413,670
$543,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,641
$543,670

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$543,670
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,315/mo
+$2,545/mo
8.5%

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.

Explore Texas Explore This Area
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 Mattie Grey Lane | Property Details | No Agent List