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Days114Days on Market
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$603,999

656 Memorial Hill Way, Murphy, TX, 75094

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,116 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.74 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APNR-8624-00J-0140-1
Lot Number14
SubdivisionGables At North Hill Phase 1 (Cmr)
Land UseResidential
Legal DescriptionGABLES AT NORTH HILL PHASE 1 (CMR), BLK J, LOT 14
Census Tract031329
Assessed Land Value$157,500
Assessed Improvement Value$482,591
Assessment Year2025

About this property

656 Memorial Hill Way in Murphy is ready for your love and appreciation. A very well maintained & thoughtfully updated PRE-INSPECTED corner lot residence that will come with a BRAND NEW ROOF situated on .28 acres featuring an oversized driveway with ample parking space. A dramatic entry with soaring ceilings & an elegant spiral staircase creates a striking first impression while updated flooring throughout enhances the home’s modern appeal. The upgraded kitchen offers extensive cabinetry & counter space, stainless steel appliances including double oven & wine cooler, island, breakfast bar, & generous prep space ideal for everyday living, entertaining, & holiday gatherings. The primary living area showcases vaulted ceilings & abundant natural light with seamless connection to dining & kitchen spaces. Upstairs features both a game room & dedicated media room providing versatile spaces for recreation, work, or relaxation while multiple living areas offer flexible family space for gathering or work from home needs. The spacious primary suite offers vaulted ceilings & large windows while secondary bedrooms provide comfortable accommodations. Step outside to a covered screened porch addition with wood beam ceiling & ceiling fan creating a private outdoor retreat ideal for gatherings & BBQ entertaining. Located within walking distance to North Hill Park offering tennis courts, basketball court, & community pool & conveniently positioned near Hwy 544 with easy access to Walmart, Target, CVS, Lowe’s, & Pecan Hollow Golf Course as well as nearby shopping & dining. Situated in Wylie ISD & zoned to highly rated Tibbals Elementary, Cooper Junior High, & Wylie High School, this property offers a functional layout, desirable updates, & excellent access to everyday amenities.

Investor Tools

$303,437Estimated Mortgage Balance
$336,654Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,841 /month
Positive
Cash Flow Estimate:
$1,280 /month

Interested in this property?

Gregory Ivey

The Ivey Agency LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$998/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,779
$640,091
2025
$157,500
$482,591
$640,091
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,779
$640,091

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$333,550
No
First
Sep 7, 2021
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,437
$336,654
52%
47%
$2,000/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,500/mo
+$1,360/mo
7.2%

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.

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: Murphy

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656 Memorial Hill Way | Property Details | No Agent List