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$510,000

3509 Concord Drive, Melissa, TX, 75454

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.3 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting
Lot Size7,560 sqft

Building Information

Year Built2017
Stories1
Garage Spaces3

Land Information

APNR-11083-00E-0050-1
Lot Number5
SubdivisionLiberty Phase 4 (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 4 (CML), BLK E, LOT 5
Census Tract030207
Assessed Land Value$150,000
Assessed Improvement Value$384,395
Assessment Year2025

About this property

PRIDE OF OWNERSHIP really shows in this IMMACULATE KHov-built 4-bedroom home with a private study, 3 full baths, and a coveted 3-car garage in the highly sought-after Liberty community! Thoughtfully designed with an east-facing front door, this home is perfectly positioned for beautiful morning light in the front and relaxing sunset views in the backyard. The functional split-bedroom floorplan offers both privacy and flexibility, with a spacious secluded study that can easily serve as a game room, media room, or flex space. Rich narrow-plank hardwood flooring welcomes you at the entry and flows throughout the main living areas. The chef’s kitchen is truly the heart of the home, featuring a massive island, abundant cabinetry and countertop space, stainless steel appliances, and a large walk-in pantry — perfect for entertaining and everyday living. Privately situated at the back of the home, the spacious primary suite overlooks the serene backyard and offers a spa-like bath with granite countertops, soaking tub, oversized walk-in shower, and an ENORMOUS 9x13 walk-in closet. Step outside to enjoy the beautifully maintained backyard complete with an extended pergola-covered patio and built-in gas firepit — ideal for relaxing or entertaining year-round with enough room to add a pool if desired. Additional updates and features include solar screens, granite in secondary baths, updated lighting, gemstone soffit lighting, extended 3-car-wide driveway, plus the refrigerator, washer, dryer, and Ring doorbell all convey with the home. Enjoy the exceptional Liberty lifestyle just steps from McKillop Elementary, community pools, parks, playgrounds, shopping, dining, and convenient access to Hwy 75. Sellers can accommodate a QUICK CLOSE if needed!

Investor Tools

Property Icon
$534,395
Estimated Property Value
$0Estimated Mortgage Balance
$354,143Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,206 /month
Positive
Cash Flow Estimate:
$1,069 /month

Interested in this property?

Cheryl Jones

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$872/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,789
$534,395
2025
$150,000
$384,395
$534,395
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,789
$534,395

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
State Farm Bank Fsb
Arm (Adjustable Rate Mortgage)
$223,000
No
First
Feb 23, 2018
Mar 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,252
$354,143
66%
34%
$955/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,340/mo
+$2,520/mo
8.7%

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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3509 Concord Drive | Property Details | No Agent List