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$610,000

NAL Estimated Property Value

4031 Magnolia Ridge Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,380 Sq Ft
price_per_sqft$177.51 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringHardwood, Tile

Exterior

Private PoolPrivate Pool
Lot Size6,600 sqft

Building Information

Year Built2020
Stories2
Garage Spaces3

Land Information

APNR-10856-00A-0160-1
Lot Number16
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK A, LOT 16
Census Tract030207
Assessed Land Value$132,000
Assessed Improvement Value$478,000
Assessment Year2025

About this property

Welcome to 4031 Magnolia Ridge Drive, a perfectly designed open floor plan 4-bedroom, 4-bathroom home situated in the highly desirable Magnolia Ridge neighborhood in Melissa, TX. This spacious 3,380 sq. ft. residence, built in 2021, offers modern elegance and functionality with high-end finishes throughout. Step inside to an inviting open floor plan featuring upgraded hardwood and tile flooring, cathedral ceilings, and an abundance of natural light. The gourmet kitchen is a chef’s dream, complete with granite countertops, a large island, stainless steel appliances, built-in cabinets, and a walk-in pantry. The adjacent breakfast room and formal dining area provide ample space for entertaining. The primary suite is a true retreat, featuring dual sinks, a garden tub, separate shower, and a spacious walk-in closet. Upstairs, two secondary bedrooms each come with an ensuite bath and ceiling fans, ensuring comfort for family or guests. Additional living spaces include a large family room with a fireplace, a private office, a game room, and a media room, perfect for movie nights. Step outside to your private backyard oasis, featuring a gunite in-ground pool and a covered patio, ideal for relaxation or summer gatherings. The property sits on a 0.152-acre interior lot adjacent to a greenbelt, offering a peaceful setting. Additional highlights include a three-car attached garage, and access to Melissa ISD schools. Located just minutes from shopping, dining, and major highways, this home offers the perfect balance of suburban tranquility and urban convenience. Seller is negotiable on paint cosmetics in the home and flooring in downstairs guest bedroom or concessions.

Investor Tools

Property Icon
$610,000
Estimated Property Value
$0Estimated Mortgage Balance
$610,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,660 /month
Positive
Cash Flow Estimate:
$1,220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,133/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,551
$610,000
2025
$132,000
$478,000
$610,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,551
$610,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$610,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$360/mo
+$3,500/mo
7.6%

Learn About the Market: Opportunity in Texas

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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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