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$486,912

NAL Estimated Property Value

4400 Mimosa Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,405 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.27 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size7,959 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APNR-10944-00O-0120-1
Lot Number12
SubdivisionNorth Creek Estates Phase 1 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 1 (CML), BLK O, LOT 12
Census Tract030207
Assessed Land Value$132,000
Assessed Improvement Value$354,912
Assessment Year2025

About this property

A beautifully updated one-story ranch home on a spacious corner lot in the highly desirable North Creek master-planned community in Melissa, Texas. This move-in-ready home features 4 bedrooms, 3 full bathrooms, a private study with French doors, formal dining room, and a 2-car garage. The open-concept floor plan is designed for both everyday living and entertaining. The spacious family room showcases High ceilings and a stunning floor-to-ceiling stone fireplace, creating a warm and inviting gathering space. The kitchen overlooks the living area and features a U-shaped layout with center island, stainless steel appliances, breakfast area, abundant cabinetry, and ample counter space. The private study is perfect for working from home, while the formal dining room is ideal for holiday meals and family celebrations. Step outside to a covered patio where you can grill, relax, and entertain year-round. Major updates include a new roof and gutters (2025), HVAC condenser (2023), fresh interior paint throughout including ceiling, painted kitchen and bathroom cabinets, updated hardware and faucets, exterior paint, fresh stained of front entry door and custom stone fireplace enhancements, providing peace of mind for years to come. Enjoy resort-style amenities in North Creek, including a clubhouse, fitness center, resort-style pool, children's splash pool, soccer fields, parks, playgrounds, and walking trails. Conveniently located just minutes from Highway 121, shopping, dining, grocery stores, and top-rated Melissa ISD schools, this home offers the perfect blend of comfort, convenience, and community. Don't miss this opportunity to own a beautifully updated home in one of North Texas' fastest-growing cities. Schedule your private tour today!

Investor Tools

Property Icon
$486,912
Estimated Property Value
$120,835Estimated Mortgage Balance
$366,077Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,921 /month
Positive
Cash Flow Estimate:
$974 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$770/month
$197/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,810
$486,912
2025
$132,000
$354,912
$486,912
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,810
$486,912

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$147,500
No
First
Oct 27, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,835
$366,077
75%
25%
$885/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,082/mo
+$1,878/mo
7.3%

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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4400 Mimosa Dr | Property Details | No Agent List