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$375,000

3022 Pinyon Pl, Melissa, TX, 75454

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,894 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.99 / 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 Cooktop, Electric Range, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Luxury Vinyl Plank

Exterior

Lot Size10,726 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APNR-10580-00G-0120-1
Lot Number12
SubdivisionTrails Of Melissa Phase Ii (Cml)
Land UseResidential
Legal DescriptionTRAILS OF MELISSA PHASE II (CML), BLK G, LOT 12
Census Tract030201
Assessed Land Value$109,250
Assessed Improvement Value$250,093
Assessment Year2026

About this property

Perfectly positioned along the U.S. 75 corridor, this pristine single-story home sits on a Texas-size quarter-acre corner lot, offering convenient access north toward Sherman and south toward Plano, Frisco, and Dallas. Step inside to a light and bright interior featuring soft neutral tones and LVP flooring throughout the main living areas. The thoughtfully designed floor plan offers 3 bedrooms plus a versatile second living area ideal for a home office, playroom, media room, or additional living space. The open-concept kitchen, dining, and family room create an inviting space for everyday living and entertaining. The kitchen features granite countertops, a large center island, pantry, dining area, and stainless steel appliances replaced in 2022. The split-bedroom layout provides privacy in the primary suite, featuring a tray ceiling and ensuite bath with a large walk-in closet, walk-in shower, and generous soaking tub. A full-size laundry room offers room for a second refrigerator or freezer for added storage. Outside, the expansive corner-lot backyard provides plenty of grassy space for a trampoline, playscape, garden, pets, or your own HGTV-inspired outdoor retreat. Updates include a new roof in 2020, irrigation system in 2021, new HVAC system inside and out with a Reme Halo Air Purifier and UV light in 2022, stainless steel appliances in 2022, and fresh interior and exterior paint in 2024. Solar screens add another thoughtful feature. Zoned to Melissa High School, home to its impressive $35 million stadium, this location puts you in the heart of a growing North Texas community where Friday Night Lights are part of the local experience. Enjoy quick access to Hwy 75, shopping, dining, and entertainment, including Buc-ee’s, Ford Sports Village at The Z-Plex, and the upcoming $300 million Sunset Amphitheater in nearby McKinney. Expanding U.S. 75 and Outer Loop connections provide convenient access to surrounding North Texas communities.

Investor Tools

$171,465Estimated Mortgage Balance
$187,878Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
$94/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$359,343
2026
$109,250
$250,093
$359,343
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$359,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$195,000
No
First
Jul 27, 2020
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,465
$187,878
52%
48%
$1,170/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$1,264/mo
+$1,696/mo
9.9%

City: Melissa

3022 Pinyon Pl | Property Details | No Agent List