tomo logo

$624,999

Beds
4
Baths
4.0
sq ft
3,380

4031 Magnolia Ridge Dr, Melissa, TX 75454

4031 Magnolia Ridge Dr

Melissa, TX 75454

  • 9 days on market
Welcome to 4031 Magnolia Ridge Drive, a perfectly designed open floor plan 4-bedroom, 4-bathroom home situated in the highly desirable Magnolia Ridge neighborhood in Melissa, TX. This spacious 3,380 sq. ft. residence, built in 2021, offers modern elegance and functionality with high-end finishes throughout. Step inside to an inviting open floor plan featuring upgraded hardwood and tile flooring, cathedral ceilings, and an abundance of natural light. The gourmet kitchen is a chef’s dream, complete with granite countertops, a large island, stainless steel appliances, built-in cabinets, and a walk-in pantry. The adjacent breakfast room and formal dining area provide ample space for entertaining. The primary suite is a true retreat, featuring dual sinks, a garden tub, separate shower, and a spacious walk-in closet. Upstairs, two secondary bedrooms each come with an ensuite bath and ceiling fans, ensuring comfort for family or guests. Additional living spaces include a large family room with a fireplace, a private office, a game room, and a media room, perfect for movie nights. Step outside to your private backyard oasis, featuring a gunite in-ground pool and a covered patio, ideal for relaxation or summer gatherings. The property sits on a 0.152-acre interior lot adjacent to a greenbelt, offering a peaceful setting. Additional highlights include a three-car attached garage, and access to Melissa ISD schools. Located just minutes from shopping, dining, and major highways, this home offers the perfect balance of suburban tranquility and urban convenience.

Details

Property type

Single Family Residence

Est. home value

$639,970

Lot size

6,621.12 sq ft

Price per sq ft

$185

Year built

2021

Annual property taxes

$11,419

Monthly HOA fee

$30

Price History

02/14/2025
NTREIS

NTREIS #20841676

Listed
$624,999
03/05/2024
NTREIS

NTREIS #20546789

Removed
02/29/2024
NTREIS

NTREIS #20546789

Listed
$675,000

Schools & Community

Elementary school: 

North Creek

Middle school: 

Melissa

High school: 

Melissa

School district: 

Melissa ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$295,335
Asking price
$624,999
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$279,664
Cash to seller
$295,335

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

December 2021

Original loan amount

$300,000

Est. remaining balance

$279,664

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Kerry N Bode

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 10:45 AM

Listing updated: 02/14/2025 at 6:08 PM

Listed by: Gregory Ivey, The Ivey Agency LLC Phone #: (469) 662-4141

MLS: NTREIS #20841676

NTREIS logo

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