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$507,000

NAL Estimated Property Value

3814 Chicory Ct, Melissa, TX, 75454

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,397 Sq Ft
price_per_sqft$173.13 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDouble Oven, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave
FlooringCarpet, Tile, Wood

Exterior

Lot Size11,587 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-12077-00B-0290-1
Lot Number29
SubdivisionMeadow Run Phase 1 (Cml)
Land UseResidential
Legal DescriptionMEADOW RUN PHASE 1 (CML), BLK B, LOT 29
Census Tract030201
Assessed Land Value$164,450
Assessed Improvement Value$342,550
Assessment Year2025

About this property

Welcome to 3814 Chicory Court, where one of the home's biggest advantages is something that's nearly impossible to add later—land! Situated on an oversized cul-de-sac lot, this property offers a backyard that truly stands out from the competition. Whether you're envisioning a future pool, outdoor living space, garden, or simply want room for kids and pets to play, this lot provides the space and flexibility that many newer homes simply can't match. Inside, you'll find a thoughtfully designed floor plan featuring 3 bedrooms, a dedicated home office, a spacious game room, and an open-concept layout perfect for both everyday living and entertaining. The primary suite serves as a private retreat with a large walk-in shower and modern finishes. Additional interior features include wood flooring, granite countertops, 42-inch cabinetry, designer backsplash, gas cooktop, single-basin sink, pendant lighting, upgraded interior doors, rounded corners, 5-inch baseboards, a cozy fireplace, ceiling fans, and wired speakers in the family room. Located in highly acclaimed Melissa ISD with no MUD or PID taxes, this home is conveniently positioned near schools, community amenities, shopping, dining, the new H-E-B, and Buc-ee's. As an added bonus, the refrigerator, backyard storage shed, and play structure will convey with the home, making this an exceptional move-in-ready opportunity with one of the most desirable lots in the neighborhood.

Investor Tools

Property Icon
$507,000
Estimated Property Value
$345,353Estimated Mortgage Balance
$162,253Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,042 /month
Positive
Cash Flow Estimate:
$1,014 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$792/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,974
$507,000
2025
$164,450
$342,550
$507,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,974
$507,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Comerica Bank
Credit Line (Revolving) / Heloc
$368,000
No
First
Mar 24, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,353
$161,647
31%
68%
$2,207/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$3,207/mo
$-247/mo
7.0%

City: Melissa

3814 Chicory Ct | Property Details | No Agent List