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488 Forest Ln Melissa, TX 75454 Directions

Currently not for sale


Home Value Comparables

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Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

AVM Value
$333K
$184.79/sqft
AVM Value
$393K
$218.09/sqft
AVM Value
$343K
$190.53/sqft
Value Range
$303K - $363K
Value Range
$370K - $416K
Value Range
$343,336
Confidence Score
91%

Margin of Error*: 9%
Confidence Score
96%

Margin of Error*: 6%
Confidence Score
NA


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Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

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Updated as of May 2024.

4 Bed(s)
2 Full Bath(s)
1,802 Bldg Sqft.
6,142 Lot Sqft.

General Description

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488 Forest Ln (currently not for sale) is located in Hunters Ridge subdivision in Collin County. Scroll to see the property features, tax value, mortgage calculator, nearby schools and similar homes for sale.

The property information herein and below is from the county appraisal district and should be independently verified.

Contact a REALTOR® for an estimate of this property

Status:
Not Currently For Sale
Market Value:
$ 343,336/Appraisal District ($191/sqft.)
Address:
488 Forest Ln
City:
State:
TX
Zip Code:
Subdivision:
Legal Description:
HUNTERS RIDGE PHASE 2 (CML), BLK K, LOT 31
Bedrooms:
4 Bedroom(s)
Baths:
2 Full Bath(s)
Stories:
1 /Appraisal District
Building Sqft.:
1,802 /Appraisal District
Year Built:
2005 /Appraisal District
Lot Size:
6,142 Sqft.  /Appraisal District
Garage(s):
2


Rooms/Lot Dimensions

Room Count:
9
Bedroom:
12 x 10, 1st
Bedroom:
11 x 10, 1st
Primary Bedroom:
13 x 15, 1st
Breakfast:
9 x 10, 1st
Kitchen:
10 x 12, 1st
Dining:
10 x 11, 1st
Living:
14 x 16, 1st
Bedroom:
10 x 10, 1st



Interior Features

Fireplace:
1/Brick
Energy Feature:
Thermo Windows
Number Of Living Area:
1
Other Equipment:
Built-in Microwave,Dishwasher,Disposal,Other,Water Line to Refrigerator
Floors:
Carpet,Ceramic Tile
Interior:
Cable TV Available,Other
Heating:
Central Air-Elec,Central Heat-Elec,Other


Exterior Features

Roof:
Composition
Lot Description:
Subdivision
Fencing:
Wood
Foundation:
Slab
Parking:
Garage Door Opener,Garage
Private Pool:
No
Parking Space:
Garage 2 / Carport 0 / Covered Total 2
Exterior:
Other,Patio Covered
Garage Size:
20 X 20
Utility:
City Sewer,City Water,Concrete,Curbs,Sidewalk
Exterior Type:
Brick


Lot Information

  Lot Size: 6,142 Lot Sqft. / Appraisal District
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy


Additional Information

Farm Ranch Features:
Other
Dwelling Type:
Single Detached
*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


Property Tax

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Cost/sqft based on Market Value
Tax Year Cost/sqft Market Value Change Tax Assessment Change
2023 $190.53 $343,336 8.66% $343,336 8.66%
2022 $175.35 $315,982 42.20% $315,982 42.20%
2020 $123.31 $222,208 3.46% $222,208 3.46%
2019 $119.19 $214,781 2.71% $214,781 2.71%
2018 $116.05 $209,116 9.12% $209,116 9.12%
2017 $106.35 $191,635 8.64% $191,635 8.64%
2016 $97.89 $176,389 11.87% $176,389 11.87%
2015 $87.50 $157,670 13.01% $157,670 13.01%
2014 $77.43 $139,521 16.60% $139,521 16.60%
2013 $66.40 $119,656 $119,656
2023 Collin County Appraisal District Tax Value
Market Land Value: $90,000
Market Improvement Value: $253,336
Total Market Value: $343,336

Tax History
2023 Assessed Value/Appraisal District: $343,336
2022 Assessed Value/Appraisal District: $315,982
2020 Assessed Value/Appraisal District: $222,208
2019 Assessed Value/Appraisal District: $214,781
2018 Assessed Value/Appraisal District: $209,116
2017 Assessed Value/Appraisal District: $191,635
2016 Assessed Value/Appraisal District: $176,389
2015 Assessed Value/Appraisal District: $157,670
2014 Assessed Value/Appraisal District: $139,521
2013 Assessed Value/Appraisal District: $119,656
Collin County Appraisal District
2023 Tax Rates
MELISSA CITY: 0.4547 %
COLLIN COUNTY: 0.1493 %
COLLIN CO COMMUNITY COLLEGE: 0.0812 %
MELISSA ISD: 1.2575 %
Total Tax Rate: 1.9427 %

Estimated Mortgage/Tax

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$1,867 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 1,311
Estimated Monthly Property Tax (Based on Tax Assessment 2023) $ 556
Home Owners Insurance Get a Quote
$
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Years
$
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$

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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS
Melissa Middle School Middle . 06 - 08 . MELISSA ISD
Excellent

View Nearby Schools

488 Forest Ln is a 4 Beds, 2 Full Bath(s), property in Melissa TX 75454. View photos, map, tax, nearby homes for sale, home values, school info...

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