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$515,000

3306 Timberline Dr, Melissa, TX, 75454

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,295 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.3 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size12,632 sqft

Building Information

Year Built2018
Stories2
Garage Spaces2

Land Information

APNR-11500-00A-0150-1
Lot Number15
SubdivisionBrookside Phase 1 (Cml)
Land UseResidential
Legal DescriptionBROOKSIDE PHASE 1 (CML), BLK A, LOT 15
Census Tract030207
Assessed Land Value$140,400
Assessed Improvement Value$414,326
Assessment Year2025

About this property

RARE ASSUMABLE LOAN AT 2.75% INTEREST RATE. This Bloomfield home is a true gem, with only one owner, and tons of beautiful features. This open floor plan home has lots of natural lighting throughout, absolutely stunning. Features 4 bedrooms and 3 bathrooms and an additional room for an office or another bedroom, as well as a 2-car oversized garage with cedar doors. The large island with extra seating in kitchen boasts granite countertops, sleek stainless steel appliances, gas cooktop, vented hood, 42-inch cabinets and a walk-in pantry in breakfast area. Lots of extra storage spaces. Open floor plan with expansive living area is host to a floor to ceiling stone fireplace. The primary suite offers a tranquil sitting area and a beautiful ensuite bath with double vanities, garden tub, separate shower, and a spacious walk-in closet. 3 secondary bedrooms on the main floor. The 5th bedroom downstairs with walk-in closet could double as an office. The covered front porch and expansive back patio with a large backyard is great for family gatherings and would be perfect for a future pool. Location is a plus, close proximity to 121 and 75, shopping, and restaurants.

Investor Tools

$329,970Estimated Mortgage Balance
$224,756Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,328 /month
Positive
Cash Flow Estimate:
$1,109 /month

Interested in this property?

Susan Ross

Texan Roots Real Estate LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$927/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,348
$554,726
2025
$140,400
$414,326
$554,726
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,348
$554,726

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Oceanside Mortgage Co
Fha
$363,412
Yes
First
Aug 24, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,970
$224,756
40%
59%
$2,179/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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3306 Timberline Dr | Property Details | No Agent List