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$404,757

3423 Cedar Ln, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,937 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.2 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,621 sqft

Building Information

Year Built2014
Stories1
Garage Spaces1

Land Information

APNR-10549-00M-0120-1
Lot Number12
SubdivisionNorth Creek Ii Phase 3 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK II PHASE 3 (CML), BLK M, LOT 12
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$284,757
Assessment Year2025

About this property

Welcome to this beautiful 4 bed, 2 bath home in North Creek. At just under 2,000 very well utilized sq ft, this home can accommodate a modern lifestyle. Upon entry, there is a flex room that can serve as a formal dining area, large office, second family room, or play room. Follow the hand scraped hardwood floors to the updated kitchen with granite counters, stone backsplash, ample storage, under cabinet lighting, SS appliances, dedicated pantry, and large island that can serve as overflow dining. The open flow provides an option for casual or formal dining, while still leaving plenty of space to spread out and relax in the living room. The primary is separated from the rest of the bedrooms and features a large walk-in closet and an en-suite bathroom with dual vanities, separate tub and shower, and private water closet. The three additional bedrooms share access to a full bathroom and all have ceiling fans and window coverings. Don't miss the covered patio and grassy backyard!

Investor Tools

Property Icon
$404,757
Estimated Property Value
$0Estimated Mortgage Balance
$404,757Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,489 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$832/month
$163/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,963
$404,757
2025
$120,000
$284,757
$404,757
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,963
$404,757

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$404,757
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$163/mo
+$3,697/mo
11.4%

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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3423 Cedar Ln | Property Details | No Agent List