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$396,000

NAL Estimated Property Value

3618 Applewood Rd, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,347 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.43 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Vinyl

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8596-00D-0060-1
Lot Number6
SubdivisionNorth Creek Phase I (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK PHASE I (CML), BLK D, LOT 6
Census Tract030207
Assessed Land Value$95,000
Assessed Improvement Value$246,908
Assessment Year2025

About this property

Freshly updated and beautifully styled, this North Creek home blends warmth, function, and design in one inviting package. Inside, you’ll find all-new interior doors and hardware, trim, and flooring throughout the main level. The remodeled kitchen features two-tone cabinetry, quartz countertops, stainless appliances, and a large farmhouse sink that opens to the dining and living areas—creating an easy flow for daily living and gatherings. Upstairs, the spacious primary suite offers a full bath remodel with modern tile, double vanity, glass shower, and designer fixtures. Two additional bedrooms and a generous game room provide flexible space for play, work, or guests. Additional updates include a brand new roof in November 2025, new carpet, a fully refreshed half bath, new toilets throughout, and a custom handrail along the staircase. The HVAC system was replaced just two years ago for peace of mind. Out back, a wide grassy yard is ready for play, pets, or weekend relaxing. Located in the established North Creek community with multiple parks, 2 community pools, clubhouse, putting green, stocked lakes for fishing, and walking trails nearby, this home combines thoughtful updates with everyday comfort—just minutes from Highway 75 and top-rated Melissa schools.

Investor Tools

Property Icon
$396,000
Estimated Property Value
$0Estimated Mortgage Balance
$396,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$753/month
$171/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,061
$341,908
2025
$95,000
$246,908
$341,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,061
$341,908

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$393,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$171/mo
+$2,789/mo
9.0%

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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3618 Applewood Rd | Property Details | No Agent List