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$699,000

5024 Melbourne Drive, Plano, TX, 75093

$908,700 ARVInfo
Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths5,227 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.73 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Plumbed For Ice Maker
FlooringMarble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-2612-00A-0660-1
Lot Number66
SubdivisionShepards Glen (Cpl)
Land UseResidential
Legal DescriptionSHEPARDS GLEN (CPL), BLK A, LOT 66
Census Tract031649
Assessed Land Value$198,000
Assessed Improvement Value$783,268
Assessment Year2025

About this property

Absolutely stunning custom with inviting pool in desired West Plano. Wow factor immediately! Soaring ceilings, open floor plan & impressive layout. Beautiful living areas, delicious gourmet style kitchen, executive study or 5th bedroom downstairs, oversized master suite with sitting area, separate master dressing rooms plus tranquil master bathroom with separate vanities, separate shower & jetted tub, built-ins galore, giant game room, wet bar with wine cooler & steps away from entertaining theater both downstairs & conveniently located. Upstairs is a charming catwalk that leads to the living room or game room plus 3 additional bedrooms & 2 full bathrooms. Backyard beauty with fantastic pool & room for kitchen.

Investor Tools

Property Icon
$1,002,000
Estimated Property Value
$0Estimated Mortgage Balance
$762,948Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$908,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,012 /month
Positive
Cash Flow Estimate:
$2,004 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,471/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,637
$981,268
2025
$198,000
$783,268
$981,268
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,637
$981,268

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Credit Line (Revolving) / Heloc
$250,000
No
First
Dec 22, 2023
Dec 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$239,052
$762,948
76%
24%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,470/mo
$1,799/mo
+$1,671/mo
4.2%

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: Plano

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5024 Melbourne Drive | Property Details | No Agent List