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$494,000

4405 Mimosa Dr, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,674 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.03 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Hardwood, Wood

Exterior

Lot Size6,900 sqft

Building Information

Year Built2016
Garage Spaces3

Land Information

APNR-10944-00R-003U-1
Lot Number3
SubdivisionNorth Creek Estates Phase 1 (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 1 (CML), BLK R, LOT 3; UDI 2019, UNDIVIDED INTEREST 50.0000000000% UDI 2019
Census Tract030207
Assessed Land Value$60,000
Assessed Improvement Value$184,768
Assessment Year2025

About this property

MOTIVATED Sellers and READY FOR YOU TO CALL HOME—It's an incredible opportunity, especially for those looking for a DEAL. Boasts a unique layout with two primary bedrooms, each featuring an ensuite bathroom, alongside two additional bedrooms. The lower-level primary bedroom provides a flexible space that's perfect for older family members, while the upper-level primary offers privacy and a personal loft. The formal dining room holds the potential for conversion into a home office. Nestled downstairs among the secondary bedrooms, a game room awaits, promising endless fun and entertainment. The kitchen stands out with luxury upgrades: dual ovens, a built-in microwave, granite countertops, and pristine white cabinetry. The elegance of hand-scraped hardwood floors spans the first level, complemented by carpeted bedrooms for a touch of warmth. Seize the chance to invest in Melissa, located in North Creek Subdivision, with top-rated schools and low property tax rates

Investor Tools

Property Icon
$494,000
Estimated Property Value
$0Estimated Mortgage Balance
$494,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,964 /month
Positive
Cash Flow Estimate:
$988 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$403/month
$170/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,366
$244,768
2025
$60,000
$184,768
$244,768
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,366
$244,768

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$494,000
100%
0%
$0/mo

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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4405 Mimosa Dr | Property Details | No Agent List