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$415,872

NAL Estimated Property Value

4017 Sparrow Trl, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.92 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesLighting
Lot Size6,708 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-11977-00G-0280-1
Lot Number28
SubdivisionMagnolia Ridge Phase 2 Addition (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 2 ADDITION (CML), BLK G, LOT 28
Census Tract030207
Assessed Land Value$100,000
Assessed Improvement Value$315,872
Assessment Year2025

About this property

Multiple offers received. Highest and best by 6pm, Monday 5-1-2023. This stunning one-story home features four bedrooms, two and a half bathrooms, and an open-concept design perfect for modern living. The split bedroom layout ensures privacy and space for everyone, while high ceilings and ample natural light provide an airy and inviting atmosphere. The home is equipped with smart home technology, adding convenience and comfort to your daily routine. The kitchen boasts beautiful granite countertops and a pantry, ideal for preparing meals and entertaining guests. Other notable features include a separate laundry room, a walk-in closet, and plenty of storage space. This home is a must-see for those seeking a comfortable and stylish living experience.

Investor Tools

Property Icon
$415,872
Estimated Property Value
$290,473Estimated Mortgage Balance
$125,399Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,495 /month
Positive
Cash Flow Estimate:
$832 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$844/month
$390/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,050
$415,872
2025
$100,000
$315,872
$415,872
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,050
$415,872

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$293,462
No
First
Oct 17, 2025
Nov 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,473
$125,399
30%
70%
$1,760/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,150/mo
+$1,710/mo
11.1%

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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4017 Sparrow Trl | Property Details | No Agent List