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$500,000

3415 Melvin Dr, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,101 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.24 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Double Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate, Vinyl

Exterior

Exterior FeaturesAwning(s), Barbecue, Fire Pit, Gas Grill, Rain Gutters, Lighting, Private Entrance, Private Yard, Storage

Building Information

Year Built2004
Stories2
Garage Spaces1

Land Information

APNR-5128-00E-0090-1
Lot Number9
SubdivisionCreekside Estates Phase I (Cwy)
Land UseResidential
Legal DescriptionCREEKSIDE ESTATES PHASE I (CWY), BLK E, LOT 9
Census Tract031330
Assessed Land Value$115,000
Assessed Improvement Value$415,294
Assessment Year2025

About this property

Ready to move-in with updates galore! The downstairs features a primary suite, along with open kitchen, living and dining spaces. Upstairs boasts guest bedrooms, a theater, office, and gym. The theater features a 3D DLP projector and 100 inch custom theater screen with in-ceiling Bose surround sound speakers. Relax or entertain in the large backyard on the weather-resistant deck with canvas covering for shade from the summer heat and hanging lights for ambiance, then gather around the fire pit for those Texas tales. This beautiful home sits on a corner lot with lots of trees for your enjoyment, and solar panels to save on energy costs. The community also offers a pool, basketball courts, playground, pond for fishing, and multiple scenic jogging paths. Don’t miss this one!

Investor Tools

Property Icon
$530,294
Estimated Property Value
$0Estimated Mortgage Balance
$530,294Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,182 /month
Positive
Cash Flow Estimate:
$1,061 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,070/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,192
$530,294
2025
$115,000
$415,294
$530,294
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,192
$530,294

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$530,294
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$480/mo
+$2,860/mo
7.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Wylie

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3415 Melvin Dr | Property Details | No Agent List