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Owner Contacts

$737,900

7 Meadowcreek Dr, Melissa, TX, 75454

Off Market

3 Beds

3 Bath

2,522 Sq Ft

Single Family Residence

$292.59 / sqft

Built in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Double Oven

FlooringCarpet, Ceramic Tile, Wood

Exterior

Private Pool

Exterior FeaturesRain Gutters, Storage

Lot Size1.86 acres

Building Information

Year Built1997

Stories1

Roof Type105

Garage Spaces2

Land Information

APNR-0630-000-0040-1

Lot Number4

SubdivisionCountry Ridge Phase 1 (Cml)

Land UseResidential

Legal DescriptionCOUNTRY RIDGE PHASE 1 (CML), LOT 4

Census Tract030206

Assessed Land Value$353,932

Assessed Improvement Value$392,536

Assessment Year2025

About this property

Multiple Offer Deadline for Best & Highest, April 3, 2023 at 10:00am. Charming 1-Story Home Sitting on 1.863 Acres in Highly Sought After Gated Community of Country Ridge Estates. Top Rated Melissa Schools. Fabulous Backyard with Pool and Spa (completely renovated in 2021), Extended Covered Patio, Storage Shed and Huge Backyard. Enter through Custom Iron Front Door into the Living Room with Brick Fireplace. Updated Kitchen boasts White Cabinets, Granite Countertops, Marble Backsplash and SS Appliances including Double Oven Electric Range (1-2023). Primary Suite with Large Windows overlooking Backyard. Remodeled Primary Bathroom with Frameless Shower, Freestanding Tub with Air Jets, Dual Vanities with Brazilian Quartz Countertops and Custom Walk-In Closet. Front Guest Bedroom with Tall Ceilings shares Updated Guest Bathroom. Game Room off of Kitchen with Wood Floors. Guest Bedroom in Back of house shares Updated Black and White Bathroom with Shower. 3-Car Garage. All Windows Replaced

Investor Tools

$746,468

Estimated Property Value

$349,000Estimated Mortgage Balance

$417,234Estimated Equity

53% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,479 /month

Positive

Cash Flow Estimate:

$1,493 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,307/month

$925/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,953

$746,468

2025

$353,932

$392,536

$746,468

Tax History

Year

Tax Paid

Assessed Value

2024

$11,953

$746,468

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nfm Inc

Conventional

$349,000

First

Apr 25, 2023

May 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$329,234

$417,234

55%

44%

$2,093/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,860/mo

$3,018/mo

+$842/mo

6.2%

Learn About the Market: Opportunity in Texas

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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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