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$582,375

NAL Estimated Property Value

4004 Magnolia Ridge Drive, Melissa, TX, 75454

Off MarketInfo
LeaseInfo
Beds4 Beds
Baths4 Bath
Baths3,359 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.95 / sqft
Year BuiltBuilt in 2020

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size6,842 sqft

Building Information

Year Built2020
Stories2
Garage Spaces3

Land Information

APNR-10856-00A-0030-1
Lot Number3
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK A, LOT 3
Census Tract030207
Assessed Land Value$120,000
Assessed Improvement Value$462,375
Assessment Year2025

About this property

Welcome to this spacious and beautifully designed home in the desirable Magnolia Ridge community of Melissa. Offering over 3,000 square feet of living space, this impressive home features 4 bedrooms, 4 bathrooms, and a versatile floor plan designed for entertaining, multi-generational or everyday living. Step inside to soaring cathedral ceilings that create a bright and open atmosphere in the main living area, complemented by a cozy fireplace that makes the space feel warm and inviting. The thoughtfully designed kitchen offers a large pantry, abundant cabinetry, and an easy flow into the breakfast area and living room, making it perfect for gathering with family and friends. The home also features a dedicated office, ideal for working from home, along with a formal dining room that can easily serve as a flex space to suit your lifestyle. Upstairs you'll find even more room to relax and entertain with a game room and a private media room, creating the perfect setup for movie nights, sports watching, or hosting guests. Retreat to the spacious bedrooms, each with convenient access to a bathroom, offering comfort and privacy for everyone in the home. Additional highlights include a 3-car garage, generous storage throughout, and the beautiful setting of the Magnolia Ridge neighborhood, located in the highly regarded Melissa ISD with convenient access to local schools, shopping, and dining. This home combines space, functionality, and desirable features in one of Melissa’s growing communities.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,093/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,209
$582,375
2025
$120,000
$462,375
$582,375
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,209
$582,375

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Conventional
$361,000
No
First
Mar 5, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$325,244
$257,131
44%
56%
$2,165/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,165/mo
+$1,695/mo
8.0%

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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4004 Magnolia Ridge Drive | Property Details | No Agent List