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$481,993

NAL Estimated Property Value

4503 Olive Lane, Melissa, TX, 75454

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,710 Sq Ft
price_per_sqft$138.38 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,000 sqft

Building Information

Year Built2019
Stories2
Garage Spaces2

Land Information

APNR-11846-00K-0430-1
Lot Number43
SubdivisionNorth Creek Estates Phase 5b (Cml)
Land UseResidential
Legal DescriptionNORTH CREEK ESTATES PHASE 5B (CML), BLK K, LOT 43
Census Tract030207
Assessed Land Value$115,000
Assessed Improvement Value$366,993
Assessment Year2025

About this property

Beazer Homes Avalon floor plan in the master planned community of North Creek. This two-story home features 4 beds with two down, 3 baths, breakfast area, dining room, media room, covered porch and patio and a 2-car garage. This stunning kitchen includes upgraded stainless steel appliances and a large island. It opens up directly to the great room with a fireplace and beautiful wood floors throughout the main living areas. The master suite includes a spacious walk-in closet. The master bathroom features dual vanity sinks and a large walk-in shower. Upstairs features the secondary bedrooms and media room.

Investor Tools

Property Icon
$481,993
Estimated Property Value
$280,286Estimated Mortgage Balance
$201,707Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,892 /month
Positive
Cash Flow Estimate:
$964 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$843/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,712
$481,993
2025
$115,000
$366,993
$481,993
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,712
$481,993

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$311,100
No
First
Mar 22, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,286
$201,707
41%
58%
$1,866/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,516/mo
+$444/mo
7.4%

City: Melissa

4503 Olive Lane | Property Details | No Agent List