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$380,000

3816 Chicory Ct, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,883 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.81 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,447 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-12077-00B-0280-1
Lot Number28
SubdivisionMeadow Run Phase 1 (Cml)
Land UseResidential
Legal DescriptionMEADOW RUN PHASE 1 (CML), BLK B, LOT 28
Census Tract030201
Assessed Land Value$143,000
Assessed Improvement Value$291,391
Assessment Year2025

About this property

Welcome to Meadow Run in Melissa, where this charming 1 story home enjoys an exceptional cul-de-sac setting with a rare and highly desirable backdrop—no home directly behind you, but a greenbelt and walking trail. The spacious backyard, trail access, and location just steps from the community amenity center, pool, and playground create an enviable setting for everyday living and entertaining. Even better, Sumeer Elementary is walking distance, East Cardinal Middle and Melissa High School are less than 1.5 mi away! Quick access to Highway 75 and Highway 121 make commuting, shopping, dining, and recreation. Inside, the coveted open-concept floor plan offers four bedrooms, a generous family room, and a beautiful modern palette throughout. The stylish kitchen is designed to be both beautiful and functional, featuring stunning quartz countertops, a striking backsplash, dramatic cabinetry with hardware, stainless steel appliances, and a 4-burner gas cooktop. Open to the family room, the kitchen creates a seamless space for everyday living and entertaining. The spacious family room is anchored by a lovely fireplace flanked by two offset niches, offering the perfect opportunity for custom bookcases, cabinetry, or display shelving. Original owners have thoughtfully enhanced the home with custom window treatments, bespoke trim details, and upgraded paint, adding a polished and personalized feel throughout. Outside, the oversized backyard provides plenty of room to relax, play, or entertain, while the trail directly behind the home creates a peaceful backdrop without another house immediately behind you. The cul-de-sac and nearby walking trails conveniently lead toward the community amenity center, pool, and playground, putting some of Meadow Run's most desirable amenities just a short stroll away. Ideally located in Meadow Run with walkable schools, neighborhood amenities, an exceptional homesite, and easy access to major highways.

Investor Tools

$264,948Estimated Mortgage Balance
$169,969Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,606 /month
Positive
Cash Flow Estimate:
$869 /month

Interested in this property?

Kam Gill

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$711/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,358
$434,391
2025
$143,000
$291,391
$434,391
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,358
$434,391

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocio Mortgage Llc
Fha
$295,238
Yes
First
Apr 28, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,948
$169,443
39%
61%
$1,771/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,271/mo
+$1,589/mo
10.7%

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: Melissa

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3816 Chicory Ct | Property Details | No Agent List