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$436,449

$442,779

3609 Redwood Circle, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,673 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.28 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8596-00A-0190-1
Lot Number19
SubdivisionNorth Creek Phase I (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK PHASE I (CML), BLK A, LOT 19
Census Tract030207
Assessed Land Value$95,000
Assessed Improvement Value$274,108
Assessment Year2025

About this property

One of just a few homes that back to treed HOA maintained property. Beautifully updated home in highly sought-after Melissa ISD with easy access to the Outer Loop, HEB, Buc-ee’s, shopping, and dining. Spacious open floor plan with updated granite countertops, backsplash, lighting, and a renovated primary shower with designer tile. Versatile front living area makes an ideal home office or flex space. Upstairs offers a large game room, media room, or second living area, three secondary bedrooms, and a full bath. Updates include kitchen appliances 2022, Kitchen granite, backsplash, and primary bath luxury walk-in shower with frameless glass May of 2026, Water heater and evaporator coil 2020. Enjoy a serene l private backyard, established landscaping, and a storage building. North Creek features 2 community pools, clubhouse, basketball court, small putting green, playgrounds, pond & a Elementary school. Move-in ready with space, functionality, and a prime Melissa location close to everyday conveniences.

Investor Tools

$201,711Estimated Mortgage Balance
$241,289Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,658 /month
Positive
Cash Flow Estimate:
$886 /month

Interested in this property?

Holly Milstead

Keller Williams NO. Collin Cty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$564/month
$197/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,558
$369,108
2025
$95,000
$274,108
$369,108
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,558
$369,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Va
$218,033
Yes
First
Jun 15, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,711
$241,289
54%
46%
$1,308/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,505/mo
+$2,355/mo
10.5%

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.

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: Melissa

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