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$700,000

3528 Melanie Ln, Plano, TX, 75023

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,972 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.53 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Double Oven, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR-1541-001-0080-1
Lot Number8
SubdivisionForest Creek Estates Phase I (Cpl)
Land UseResidential
Legal DescriptionFOREST CREEK ESTATES PHASE I (CPL), BLK A, LOT 8
Census Tract031636
Assessed Land Value$184,000
Assessed Improvement Value$598,000
Assessment Year2025

About this property

THIS IS THE ONE YOU'VE BEEN SEARCHING FOR! HARD-to-FIND one story custom tucked away on BIG cul-de-sac lot in sought after Forest Creek Estates offers the elusive 3 CAR GARAGE you desire plus wonderful outdoor living area, renovated POOL+SPA+GRASSY PLAY AREAS with large shade trees...there is even a covered grilling patio! Meticulously maintained and beautifully updated, you'll see the quality at the incredible double steel entry doors to the extensive REAL hardwood floors, plantation shutters, granite countertops in Kitchen and all baths and ...WOW! check out the renovated Owner's Suite Bath with huge walk or roll in shower that is wheelchair accessible. Direct access to the backyard oasis from Owner's Suite, too! Wonderful open floorplan, with large Dining spaces and walk in wet bar with wine fridge is perfect for entertaining! Two car garage side has built-in storage, and one car side opens to the outdoor living space. 4th BR with bath is split and will accommodate a king-sized bed!

Investor Tools

Property Icon
$782,000
Estimated Property Value
$266,000Estimated Mortgage Balance
$525,559Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,692 /month
Positive
Cash Flow Estimate:
$1,564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,173/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,168
$782,000
2025
$184,000
$598,000
$782,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,168
$782,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Inwood National Bank
Conventional
$266,000
No
First
May 22, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,441
$525,559
67%
33%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,040/mo
$1,795/mo
+$1,245/mo
4.7%

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: Plano

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