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$475,000

$495,000

4002 Magnolia Ridge Dr, Melissa, TX, 75454

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.64 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,841 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-10856-00A-0020-1
Lot Number2
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK A, LOT 2
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$415,718
Assessment Year2025

About this property

Discover a home that effortlessly combines spacious design, modern comfort, and inviting living spaces. Thoughtfully cared for and designed with everyday living in mind, the open layout creates a seamless connection between the main gathering areas, making it easy to entertain or simply enjoy time at home. At the center of the home, the kitchen offers ample workspace, abundant cabinetry, and a layout that keeps you connected to family and guests. Large windows throughout allow natural light to fill the interior, enhancing the home's warm and welcoming atmosphere. Step outside to your own backyard oasis, where a sparkling swimming pool serves as the focal point for outdoor enjoyment. Whether you're cooling off on warm summer days, hosting weekend gatherings, or unwinding after a long day, this private outdoor retreat is sure to impress. With generously sized bedrooms, flexible living spaces, and a location convenient to shopping, dining, parks, and commuter routes, this property offers the perfect blend of convenience, comfort, and lifestyle. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

Investor Tools

Property Icon
$535,718
Estimated Property Value
$460,000Estimated Mortgage Balance
$115,653Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,214 /month
Positive
Cash Flow Estimate:
$1,071 /month

Interested in this property?

Paul Harding

Orchard Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$875/month
$330/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$535,718
2025
$120,000
$415,718
$535,718
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$535,718

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Va
$460,000
Yes
First
Dec 1, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,649
$114,069
21%
79%
$2,758/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$3,088/mo
+$772/mo
8.6%

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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4002 Magnolia Ridge Dr | Property Details | No Agent List