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$5,900,000

6511 County Road 277, Melissa, TX, 75409

Off MarketInfo
Baths0 Bath
Baths1,662 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1955

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size104.66 acres

Building Information

Year Built1955
Stories1

Land Information

APNR-6900-000-0080-1
Lot Number8
SubdivisionJ A Throckmorton Survey
Land UseResidential
Legal DescriptionABS A0900 J A THROCKMORTON SURVEY, TRACT 8, 104.665 ACRES; SN1: VIN# 6020243X11, TITLE#: 56465001
Census Tract030202
Assessed Land Value$5,979,900
Assessed Improvement Value$2,234
Assessment Year2025

About this property

Attention Land Developers. 106 acres that is Located just West of Hwy 75 and north of Melissa Road. This property is split by telephone rd which is a future four lane thoroughfare. The bordering property to the south is a future residential development. . There is Approximately 67 acres of land that is not in the flood plain. This property is located within the highly sought after Melissa ISD. The value is already here, and the future suggests there is more to come.

Investor Tools

Property Icon
$5,982,134
Estimated Property Value
$3,992,300Estimated Mortgage Balance
$2,357,221Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$35,893 /month
Positive
Cash Flow Estimate:
$11,964 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$6,934/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$53,301
$5,982,134
2025
$5,979,900
$2,234
$5,982,134
No

Tax History

Year
Tax Paid
Assessed Value
2024
$53,301
$5,982,134

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Unknown
$3,992,300
No
First
Jul 14, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,624,913
$2,357,221
39%
61%
$23,936/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.

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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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6511 County Road 277 | Property Details | No Agent List