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$409,900

2305 Switchgrass St, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,991 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.88 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesSome Gas Appliances, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Plumbed For Gas, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Rain Gutters
Lot Size7,797 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12078-00G-0240-1
Lot Number24
SubdivisionMeadow Run Phase 2 (Cml)
Land UseResidential
Legal DescriptionMEADOW RUN PHASE 2 (CML), BLK G, LOT 24
Census Tract030201
Assessed Land Value$130,000
Assessed Improvement Value$277,042
Assessment Year2026

About this property

Charming Ashton Woods single-story home featuring 4 bedrooms, 2 bathrooms, and a thoughtfully designed open-concept floor plan! The spacious family room flows seamlessly into the kitchen and breakfast nook, creating the perfect setting for everyday living and entertaining. The beautifully appointed kitchen boasts an oversized island with gorgeous quartz countertops, stylish pendant lighting, tile backsplash, gas cooktop, and separate built-in oven and microwave. Luxury vinyl plank flooring enhances the main living areas, while tile flooring in the bathrooms and plush carpeting in the bedrooms provide comfort and style. An added bonus is the garage, which features a lock on heating and air conditioning system, providing additional comfort and versatility for use as a workshop, hobby space, or other activities year-round! Step outside to enjoy the covered back patio, complete with a gas stub for a future outdoor grill, and a beautifully landscaped yard. Conveniently located near schools in highly sought-after Melissa ISD. Best of all, NO MUD OR PID taxes! Don't miss this wonderful opportunity to own a beautiful home in a fantastic location!

Investor Tools

$269,931Estimated Mortgage Balance
$137,111Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,459 /month
Positive
Cash Flow Estimate:
$820 /month

Interested in this property?

Benny Dinsmore

Coldwell Banker Realty Frisco

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$704/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,413
$407,042
2026
$130,000
$277,042
$407,042
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,413
$407,042

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$301,389
No
First
May 27, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,931
$137,111
33%
66%
$1,807/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,807/mo
+$1,053/mo
11.4%

City: Melissa