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$344,076

NAL Estimated Property Value

514 Teal Ln, Melissa, TX, 75454

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths2,010 Sq Ft
price_per_sqft$0.85 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Other, Wood

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APNR-8668-00E-0130-1
Lot Number13
SubdivisionHunters Ridge Phase 3 (Cml)
Land UseResidential
Legal DescriptionHUNTERS RIDGE PHASE 3 (CML), BLK E, LOT 13
Census Tract030206
Assessed Land Value$90,000
Assessed Improvement Value$254,076
Assessment Year2025

About this property

This lovely home has some custom touches including ceramic tile throughout the traffic and wet area, wood flooring in the living room, tray ceiling in master bedroom, separate shower and garden tub in master bath and 42 inch Oak cabinets in kitchen. Energy Star Certified!  Open floor plan has split bedrooms for privacy.  Very bright and light.  The property is tucked into the intimate enclave of Hunters Ridge subdivision in Melissa & has easy access to Hwy75 & Hwy121. Community is loaded with amenities including swimming pool, park and playground.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$698/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,658
$344,076
2025
$90,000
$254,076
$344,076
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,658
$344,076

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$163,875
No
First
Sep 21, 2017
Oct 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,583
$209,493
60%
39%
$983/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$983/mo
+$1,977/mo
10.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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514 Teal Ln | Property Details | No Agent List