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$535,000

4105 Magnolia Ridge Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,935 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.28 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Lot Size6,739 sqft

Building Information

Year Built2017
Stories2
Garage Spaces2

Land Information

APNR-10856-00A-0210-1
Lot Number21
SubdivisionMagnolia Ridge Phase 1 (Cml)
Land UseResidential
Legal DescriptionMAGNOLIA RIDGE PHASE 1 (CML), BLK A, LOT 21
Census Tract030207
Assessed Land Value$132,000
Assessed Improvement Value$393,398
Assessment Year2025

About this property

Welcome to this beautiful 2,935 sq ft, 4-bedroom, 3-bathroom home located in the highly sought after school district of Melissa ISD. As you step inside, you’ll be greeted by handscraped hardwood floors that add a touch of charm and sophistication to every room. The open floor plan invites you to relax and entertain, with ample space to host guests or enjoy family time. The stunning wrought iron spindles on the spiral staircase add an elegant, timeless detail to the home’s design. The family room is overlooking the backyard where you can relax after a stressful day at work. Imagine enjoying your evenings on the screened-in back patio, where you can unwind while taking in the peaceful views of the walking trail and surrounding trees—truly an oasis in your own backyard. Inside, the home continues to impress with a private owner’s suite on the first floor. Relax in the spa like bathroom with 2 sinks, soaking tub, separate shower and walk in closet. Make unforgettable memories in its gourmet kitchen that offers beautiful cabinetry, large island, granite countertops, coffee bar, and spacious walk in pantry all situated gorgeously allowing you to enjoy your guests with flawless functionality. Upstairs you will find a spacious gameroom perfect for fun and relaxation, and a media room ideal for movie nights or watching your favorite sports in comfort. Also, there are 2 more bedrooms and a full bathroom. Don’t miss the opportunity to make this exquisite property your own!

Investor Tools

Property Icon
$525,398
Estimated Property Value
$428,000Estimated Mortgage Balance
$106,867Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$859/month
$329/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,682
$525,398
2025
$132,000
$393,398
$525,398
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,682
$525,398

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$428,000
No
First
Feb 19, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,531
$106,867
20%
80%
$2,567/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,896/mo
+$964/mo
8.8%

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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4105 Magnolia Ridge Dr | Property Details | No Agent List