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$325,000

2929 Aspen Way, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,900 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.05 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesLighting, Rain Gutters
Lot Size5,500 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APNR-10580-00A-0230-1
Lot Number23
SubdivisionTrails Of Melissa Phase Ii (Cml)
Land UseResidential
Legal DescriptionTRAILS OF MELISSA PHASE II (CML), BLK A, LOT 23
Census Tract030201
Assessed Land Value$95,000
Assessed Improvement Value$247,605
Assessment Year2026

About this property

Beautiful and inviting home located in the highly desirable and growing community of Melissa, Texas. This spacious 3-bedroom, 2-bath, 2 living offers thoughtfully designed living space with a comfortable layout perfect for everyday living and entertaining. Step inside to a bright and welcoming interior featuring spacious living areas and an open flow that makes the home feel warm and inviting. The kitchen provides plenty of space with the adjoining living and dining areas offer flexibility for entertaining or relaxing at home. The generously sized primary bedroom provides a private retreat, complete with its own bathroom and ample closet space. Two additional bedrooms can easily accommodate family, guests, a home office, or additional flex space. Outside, the backyard provides plenty of room to relax, entertain, or create your own outdoor retreat. Located in Melissa, one of North Texas’ rapidly growing communities, the home offers convenient access to nearby schools, shopping, dining, entertainment, and major roadways for an easy commute throughout the surrounding area.

Investor Tools

$182,309Estimated Mortgage Balance
$171,691Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,124 /month
Positive
Cash Flow Estimate:
$708 /month

Interested in this property?

Rafael Babadzhanov

Skyline Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$545/month
$94/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,771
$342,605
2026
$95,000
$247,605
$342,605
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,771
$342,605

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Fha
$230,154
Yes
First
Dec 1, 2016
Jan 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,309
$171,691
48%
51%
$1,380/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,474/mo
+$1,486/mo
10.0%

City: Melissa

2929 Aspen Way | Property Details | No Agent List