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$382,500

4200 Cherry Ln, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,970 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.16 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesPrivate Yard
Lot Size5,663 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APNR-10944-00L-0010-1
Lot Number1
SubdivisionNorth Creek Estates Phase 1 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 1 (CML), BLK L, LOT 1; (REPLAT) (REPLAT)
Census Tract030207
Assessed Land Value$115,000
Assessed Improvement Value$307,971
Assessment Year2025

About this property

A one-story on a corner lot is about the hardest thing to find in Melissa, and this is the one worth the wait. Extra green space wraps two sides, mature trees are already grown, and you've got one less neighbor. Location backs it up. You're minutes from US-75 with an easy shot anywhere in DFW, right as Buc-ee's, the new H-E-B and the whole commercial corridor take off. Melissa is one of the fastest-growing cities in Texas and people are waking up to it fast. Even better, the big-ticket items are done. New roof February 2026. New gutters and insulated garage door March 2026. New dishwasher May 2026. HVAC on routine maintenance, last serviced July 2026. Nothing left for you to chase. This 2017 one story offers 1,970 sq ft, 3 bedrooms and 2 full baths with a layout that just works. Hand-scraped hardwoods run under soaring vaulted ceilings, and a formal dining room with arched windows greets you off the entry. The open kitchen delivers granite counters, a large island with seating, gas range, stainless appliances and a nice size pantry, flowing into a bright family room and breakfast nook overlooking the backyard. The split-bedroom layout gives you privacy where it counts. The primary sits alone at the back with a vaulted ceiling, corner garden tub, separate shower, dual granite vanity and walk-in closet. Two oversized secondary bedrooms with built-in shelving hold down the other side. Out back, an extended covered patio with ceiling fan overlooks a level yard wrapped in a full brick privacy wall. No wood fence to ever replace. North Creek pulls its weight: two amenity centers, resort-style pool plus a second pool, 24-hour fitness center, putting green, basketball court, soccer field, three playgrounds, hike and bike trails and catch-and-release fishing ponds. Original owner, extremely well cared for, and it shows. Fridge, washer and dryer stay. Come see it in person, this one shows even better than the photos!

Investor Tools

Property Icon
$422,971
Estimated Property Value
$0Estimated Mortgage Balance
$422,971Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,538 /month
Positive
Cash Flow Estimate:
$846 /month

Interested in this property?

Ashton Harris

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
$197/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,447
$422,971
2025
$115,000
$307,971
$422,971
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,447
$422,971

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$422,971
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$197/mo
+$2,763/mo
8.4%

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.

Explore Texas Explore This Area
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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