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$564,970

2607 Lovegrass Ln, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,093 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.66 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size14,854 sqft

Building Information

Year Built2026
Stories2
Garage Spaces2

Land Information

APNR-12077-00A-0090-1
Lot Number9
SubdivisionMeadow Run
Land UseResidential
Legal DescriptionMEADOW RUN PHASE 1 (CML), BLK A, LOT 9
Census Tract030201
Assessed Land Value$70,000
Assessment Year2026

About this property

MLS# 21420838 - Built by Pacesetter Homes - Nov 2026 completion! ~ This home at 2607 Lovegrass Lane features the Richardson floor plan with 4 bedrooms and 3.5 bathrooms on an oversized lot. The family room is enhanced by added windows, filling the space with natural light and creating an inviting atmosphere. Overlooking the family room, the game room includes an open railing that adds both style and connectivity between the spaces. A dedicated media room provides the perfect setting for entertainment and relaxation. The deluxe kitchen is equipped with 36 inch cabinets, stainless steel appliances, and brushed nickel light fixtures, delivering a clean and modern look. Added LED disk lighting brightens the living room, game room, and media room for a polished finish throughout. Step outside to enjoy the extended covered patio with a gas drop, ideal for outdoor living, while full gutters complete this home.

Investor Tools

$19,825,655Estimated Mortgage Balance
$533,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

Interested in this property?

Randol Vick

Randol J. Vick, Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$341/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,432
$70,000
2026
$70,000
N/A
$70,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,432
$70,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Third Coast Bank Ssb
Building Or Construction Loan
$20,000,000
No
First
Apr 15, 2026
Mar 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$19,825,655
N/A
0%
3720%
$119,911/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$4,340/mo
$120,911/mo
$-116,571/mo
9.8%

City: Melissa

2607 Lovegrass Ln | Property Details | No Agent List