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General Description
minimizeThis open floor plan features a warm and cozy interior and boasts expansive living areas, flow-through living & dining area and large windows. A foodie's dream, this beautifully maintained kitchen includes SS appliances, built-in oven, granite countertops, tile backsplash, L shaped island, warm stained wood cabinetry, recessed lighting, pantry & range. Natural lighting creates the perfect ambiance in the master bedroom that boasts an ensuite bathroom, walk-in closet & tranquil backyard views. The master bathroom includes a walk-in shower, spacious tub, double sinks, marble countertops, marble vanity and tiled flooring. This inviting interior features recently upgraded carpet and padding, all interior paint just completed, tile in the kitchen and baths. Host an alfresco party in the beautifully maintained backyard, which features a extended covered patio, fence & trees. Just the suburban atmosphere you've been looking for! Ideally positioned in the desirable Hunter's Ridge subdivision.
Rooms/Lot Dimensions
Interior Features
Exterior Features
Additional Information
Financial Information
Source
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $209.76 | $351,564 | 8.62% | $281,922 | 10.00% |
| 2022 | $193.12 | $323,666 | 42.07% | $256,293 | 12.50% |
| 2020 | $135.93 | $227,824 | 0.64% | $227,824 | 0.64% |
| 2019 | $135.07 | $226,385 | 2.81% | $226,385 | 2.81% |
| 2018 | $131.38 | $220,190 | 9.35% | $220,190 | 9.35% |
| 2017 | $120.15 | $201,369 | 8.47% | $201,369 | 8.47% |
| 2016 | $110.77 | $185,646 | 12.81% | $185,646 | 25.64% |
| 2015 | $98.19 | $164,564 | 22.51% | $147,758 | 10.00% |
| 2014 | $80.15 | $134,325 | 10.00% | $134,325 | 10.00% |
| 2013 | $72.86 | $122,114 | $122,114 |
2023 Collin County Appraisal District Tax Value
| Market Land Value: | $90,000 |
| Market Improvement Value: | $261,564 |
| Total Market Value: | $351,564 |
2023 Tax Rates
| MELISSA CITY: | 0.4547 % |
| COLLIN COUNTY: | 0.1493 % |
| COLLIN CO COMMUNITY COLLEGE: | 0.0812 % |
| MELISSA ISD: | 1.2575 % |
| Total Tax Rate: | 1.9428 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 1,297 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 456 |
| Home Owners Insurance | Get a Quote |
Schools
minimizeSchool 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
Excellent | 
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Property Map
minimize516 Teal Ln Melissa TX 75454 was recently sold. It is a 0.15 Acre(s) Lot, 1,676 SQFT, 3 Beds, 2 Full Bath(s) in Hunters Ridge Ph 3.
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