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$699,900

3308 Melanie Ln, Plano, TX, 75023

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,566 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.27 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Gas Range, Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Ice Maker, Microwave, Plumbed For Gas, Refrigerator, Vented Exhaust Fan

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size10,002 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1541-004-0510-1
Lot Number51
SubdivisionForest Creek Estates Phase I (Cpl)
Land UseResidential
Legal DescriptionFOREST CREEK ESTATES PHASE I (CPL), BLK D, LOT 51
Census Tract031636
Assessed Land Value$160,000
Assessed Improvement Value$480,857
Assessment Year2025

About this property

Welcome to this meticulously maintained and beautifully updated single-story home in highly sought-after Forest Creek Estates, situated on a spacious corner lot with mature trees and a circular drive. Offering 4 bedrooms, 3 full baths and a split-bedroom floor plan, this home blends timeless architecture with stylish updates, comfort and privacy. Multiple living areas provide plenty of room for everyday living and entertaining. The main living room is anchored by a striking stone fireplace and coffered ceiling, while the additional family room features a wet bar, creating the perfect gathering space for family and friends. The primary suite is a true retreat with a unique see-through fireplace connecting the bedroom and updated ensuite bath, complete with dual sinks, separate shower and freestanding soaking tub. Generously sized secondary bedrooms offer flexibility for family, guests or a home office. Step outside to your private backyard retreat featuring a beautiful pool and spa plus a newer adjustable louvered pergola, allowing you to easily control sun or shade while relaxing or entertaining outdoors. A second privacy-fenced side yard with a storage shed provides a unique and versatile space for a dog run, private courtyard, play area or garden, all completely separate from the pool area. Enjoy nearby Chisholm Trail Park and scenic hike-and-bike trails with miles of tree-lined paths, green spaces, playgrounds and picnic areas. Conveniently located near shopping, dining, recreation and major roadways, 3308 Melanie Lane offers an exceptional combination of single-story living, flexible spaces, outdoor amenities and a desirable established Plano neighborhood. All information is deemed reliable, but Buyer and buyer's agent to verify

Investor Tools

$355,007Estimated Mortgage Balance
$359,993Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,290 /month
Positive
Cash Flow Estimate:
$1,430 /month

Interested in this property?

Kimberly Vance

Ready Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$455/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,889
$640,857
2025
$160,000
$480,857
$640,857
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,889
$640,857

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Reverse Mortgage / Hecm
$510,000
No
First
May 30, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$355,007
$359,993
50%
50%
$3,058/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,040/mo
$3,283/mo
$-243/mo
5.1%

City: Plano

3308 Melanie Ln | Property Details | No Agent List