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$586,070

3816 Chesapeake Way, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,548 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$231.16 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters

Building Information

Year Built2022
Stories1
Garage Spaces3

Land Information

APNR-12697-00D-0100-1
Lot Number10
SubdivisionLiberty Phase 8c (Cml)
Land UseResidential
Legal DescriptionLIBERTY PHASE 8C (CML), BLK D, LOT 10
Census Tract030207
Assessed Land Value$150,000
Assessed Improvement Value$436,070
Assessment Year2025

About this property

Welcome to this beautifully upgraded 4-bedroom, 3-bathroom home offering 2,548 square feet of thoughtfully designed living space in the highly sought-after Liberty community. Featuring a versatile flex room with elegant glass French doors, this home provides the perfect space for a home office, playroom, or second living area. The open-concept layout showcases wood-look tile flooring throughout the main living areas, custom built-in cabinetry in the living room and kitchen, and an upgraded KUCHT Pro Line professional gas cooktop designed for the home chef. The spacious primary suite serves as a private retreat with a freestanding soaking tub, while the guest bath offers a convenient walk-in shower. Natural light fills the home through an abundance of rear-facing windows overlooking the beautifully landscaped backyard. Enjoy exceptional privacy with no neighbors behind and mature trees creating a peaceful outdoor setting. The extended stone patio provides the perfect space for relaxing, entertaining, or enjoying quiet evenings outdoors. Additional highlights include a 3-car tandem garage complete with a stainless steel utility sink and approximately 100 square feet of bonus storage or workspace. Residents of Liberty enjoy access to three stocked fishing ponds and a welcoming community atmosphere, all conveniently located approximately one mile from the new Melissa Lake Park. This move-in-ready home combines comfort, functionality, and premium upgrades in one of Melissa's most desirable neighborhoods.

Investor Tools

Property Icon
$586,070
Estimated Property Value
$577,292Estimated Mortgage Balance
$45,255Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,534 /month
Positive
Cash Flow Estimate:
$1,178 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$883/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,670
$586,070
2025
$150,000
$436,070
$586,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,670
$586,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Susser Bank
Commercial
$577,292
No
First
Mar 27, 2023
Mar 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$542,712
$43,358
7%
93%
$3,462/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,882/mo
$-22/mo
7.9%

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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3816 Chesapeake Way | Property Details | No Agent List