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$549,999

$579,999

3305 Morris Ln, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,420 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.82 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4.5Bathrooms Full 4.5
AppliancesWater Purifier, Dishwasher, Disposal, Gas Cooktop, Gas Range, Microwave, Water Softener
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size8,015 sqft

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-12709-00G-0240-1
Lot Number24
SubdivisionMilrany Ranch Phase 2 (Cml)
Land UseResidential
Legal DescriptionMILRANY RANCH PHASE 2 (CML), BLK G, LOT 24
Census Tract030201
Assessed Land Value$136,500
Assessed Improvement Value$433,084
Assessment Year2025

About this property

Welcome to this beautifully built 2023 home in the fast-growing community of Melissa, Texas—where small-town charm meets modern convenience. Located in highly sought-after Melissa ISD, this spacious 4-bedroom home offers over 3,400 square feet of thoughtfully designed living space tailored for today’s lifestyle. Step inside and you’ll immediately notice the high ceilings, luxury vinyl plank flooring, and upgraded finishes that give the home a bright, open feel. The flexible floor plan features two bedrooms downstairs, each with its own private bathroom—an ideal setup for guests, multigenerational living, or even a quiet home office. The heart of the home is the open-concept kitchen, built to impress and actually function. It features a large island, granite countertops, a premium sink, and a full suite of gourmet appliances—including a 36” built-in cooktop with chimney hood, single wall oven, and built-in microwave. A dedicated drinking water system adds an extra layer of everyday convenience. Additional upgrades continue throughout, including enhanced lighting, a mudroom with built-in bench, water softener and purifier system, upgraded carpet, and an open railing staircase that adds a modern touch. The 8’ solid wood front door makes a strong first impression, while the media room and private office give you the flexibility buyers are asking for right now. Out back, enjoy a covered patio with a gas stub—ready for your future outdoor kitchen or grill setup. Location-wise, this one’s hard to beat. You’re just minutes from Kroger, H-E-B, Walmart, Montessori schools, and the popular Ford Sports Village. Melissa continues to grow for a reason—top-rated schools, well-planned communities, and a reputation for being safe, family-friendly, and just far enough from Dallas to breathe a little. Three year old washer, dryer and refrigerator will convey, ask about the weight set.

Investor Tools

Property Icon
$624,000
Estimated Property Value
$525,245Estimated Mortgage Balance
$102,564Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,744 /month
Positive
Cash Flow Estimate:
$1,248 /month

Interested in this property?

Todd Asaad

Independent Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,059/month
$1,315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,590
$569,584
2025
$136,500
$433,084
$569,584
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,590
$569,584

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pic Capital Inc
Conventional
$525,245
No
First
Feb 10, 2026
Mar 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$522,203
$101,797
16%
84%
$3,150/mo

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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3305 Morris Ln | Property Details | No Agent List