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$625,000

NAL Estimated Property Value

3428 Melanie Ln, Plano, TX, 75023

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,797 Sq Ft
price_per_sqft$202 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1541-002-0010-1
Lot Number1
SubdivisionForest Creek Estates Phase I (Cpl)
Land UseResidential
Legal DescriptionFOREST CREEK ESTATES PHASE I (CPL), BLK B, LOT 1
Census Tract031636
Assessed Land Value$152,000
Assessed Improvement Value$446,964
Assessment Year2025

About this property

Welcome to this wonderful 4 bedroom custom home on an ample corner lot! Wood floors greet you upon entry and extend into the elegant formal dining room. The open and spacious living areas are perfect for entertaining, complete with a built-in wet bar. The gourmet kitchen is a chef’s dream, featuring updated appliances, ample counter space and customized cabinetry with pullout drawers. Retreat to the primary suite with a spacious bathroom boasting an oversized separate shower, garden tub and versatile Elfa shelving system in the walk-in closet. This home offers a thoughtful layout, including a split fourth bedroom with adjacent full bath, ideal for guests or a private office. The generously sized laundry room includes a convenient sink and extra space for a secondary fridge or freezer. And the landscaped backyard is a true retreat with a covered and extended open brick patio, 8-foot board-on-board fence and plenty of grassy area for outdoor activities.

Investor Tools

Property Icon
$625,000
Estimated Property Value
$517,805Estimated Mortgage Balance
$107,195Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,248
$598,964
2025
$152,000
$446,964
$598,964
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,248
$598,964

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$532,000
No
First
Nov 8, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$517,805
$107,195
17%
83%
$3,190/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,040/mo
$3,190/mo
$-150/mo
5.8%

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: Plano

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3428 Melanie Ln | Property Details | No Agent List