503 Teal Ln, Melissa, TX 75454
OFF MARKET

$286,000

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,426 sqft

503 Teal Ln, Melissa, TX 75454

Est. Refi. Payment $1,900/mo*
Refinance Your Home

Home Value

Trulia Estimate
$286K
Since last month
Decreased$4K (-1.3%)
Since last year
Decreased$16K (-5.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +60% in the last 10 years
MonthEstimated value
2026
August 2026$286K
August 2026$286K
July 2026$290K
June 2026$291K
May 2026$294K
April 2026$293K
March 2026$292K
February 2026$293K
January 2026$292K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
508 Basswood Ln, Melissa, TX
0.09
Single-Family Home
-
10/21/25
3
2
1,674
392 Elk Trl, Melissa, TX
0.12
Single-Family Home
-
09/01/26
3
2
1,535
389 Elk Trl, Melissa, TX
0.14
Single-Family Home
-
04/22/26
3
2
1,598
519 Hunters Ridge Dr, Melissa, TX
0.16
Single-Family Home
-
06/18/26
3
2
1,676
512 Fisherman Trl, Melissa, TX
0.14
Single-Family Home
-
11/17/25
3
2
1,920
268 Big Bear Dr, Melissa, TX
0.21
Single-Family Home
-
02/10/26
3
2
1,777
278 Salmon Lake Dr, Melissa, TX
0.22
Single-Family Home
-
03/23/26
3
2
1,744
485 Hunters Ridge Dr, Melissa, TX
0.05
Single-Family Home
-
11/12/25
3
2.5
2,280
2405 Pheasant Run, Melissa, TX
0.19
Single-Family Home
-
11/12/25
3
2
1,798
2304 Pheasant Run, Melissa, TX
0.16
Single-Family Home
-
04/15/26
3
2
1,872

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
505 Teal Ln, Melissa, TX 75454
0.01
$339,900
3
2
2,008
Off Market
506 Basswood Ln, Melissa, TX 75454
0.08
-
4
2.5
2,475
Recently Sold
482 Hunters Ridge Dr, Melissa, TX 75454
0.05
$305,000
3
2
1,411
For Sale
508 Basswood Ln, Melissa, TX 75454
0.09
$311,200
3
2
1,674
Off Market
504 Basswood Ln, Melissa, TX 75454
0.08
$322,000
3
2
1,789
Off Market
516 Teal Ln, Melissa, TX 75454
0.09
$301,500
3
2
1,676
Off Market
485 Hunters Ridge Dr, Melissa, TX 75454
0.05
-
3
2.5
2,280
Recently Sold
491 Hunters Ridge Dr, Melissa, TX 75454
0.04
$333,400
3
2
2,098
Off Market
2011 Dove Xing, Melissa, TX 75454
0.05
$340,500
4
2
2,124
Off Market
502 Hunters Ridge Dr, Melissa, TX 75454
0.05
$300,900
3
2
1,744
Off Market
495 Hunters Ridge Dr, Melissa, TX 75454
0.05
$306,900
3
2
1,676
Off Market

Local Information

  • Map ViewExplore the area around 503 Teal Ln.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2008
1,426 sqft
$201/sqft
2 Car Garage
HOA $32/mo

About this House

Beautiful 3 bedroom 2 bathroom home well maintained by original owner. Located in highly rated Melissa ISD. Floor plan places primary bedroom in the back of the home with an en-suite bathroom and walk-in closet. Conveniently located within minutes to US 75. Short walk to community park and pool. Book your showing today!
503 Teal Ln, Melissa, TX 75454 is a 3 bedroom, 2 bathroom, 1,426 sqft single-family home built in 2008. It last sold for the $315,000 asking price on Apr 2, 2024. More recently, it was listed as a rental in February 2025 with an asking price of $2,100 per month. That rental listing was removed on May 28, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $286,000, with a rent estimate of $1,980/month.
Last check for updates: about 21 hours ago
Listed by Christina Dwyer, (972) 727-0000
Allen Properties Online, (972) 727-0000
Bought with: Rami Abbassi, Worth Clark Realty, (800) 991-6092
Source: NTREIS, MLS#20538639

Home Details for 503 Teal Ln

Interior Features

Interior Details
Number of Rooms: 8Types of Rooms: Master Bedroom, Bedroom, Dining Room, Full Bath, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1426 Square Feet
Appliances & Utilities
Utilities: Electricity Available, Sewer Available, Water Available, Cable AvailableAppliances: Dishwasher, Gas Oven, Gas Range, MicrowaveDishwasherLaundry: Washer Hookup,Electric Dryer HookupMicrowave
Heating & Cooling
Heating: Fireplace(s),Natural GasHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Living RoomHas a Fireplace
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Carpet, Tile

Exterior Features

Exterior Home Features
Fencing: Fenced, Wood
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Door-Multi,Garage Faces Front,Garage,Garage Door Opener
Pool
Pool: None, Community
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 41

Property Information

Year Built
Year Built: 2008
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: Detached
Building
Not Attached Property
Property Information
Not Included in Sale: Refrigerator, deep freezer, washer, dryer, curtains and rods.Parcel Number: R866800D01501

Price & Status

Price
List Price: $315,000
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: MelissaCommunity: Hunters Ridge Ph 3
School Information
Elementary School District: Melissa ISDJr High / Middle School: MelissaJr High / Middle School District: Melissa ISDHigh School: MelissaHigh School District: Melissa ISD

Community

Community Features: Park, Pool

HOA

HOA Fee Includes: All FacilitiesHOA Name: Spectrum Association ManagementHOA Phone: 972-992-3444Has an HOAHOA Fee: $192/Semi-Annually

Lot Information

Lot Area: 6534 sqft

Miscellaneous

Mls Number: 20538639Living Area Range Units: Square FeetAttribution Contact: 972-727-0000Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-48085-N-R866800D01501-R-N

Additional Information

ParkPool

Price and Tax history

DateEventPrice
May 28, 2025
Source: Zillow Rentals
ListingRemoved
$1,945
Feb 28, 2025
Source: Zillow Rentals
PriceChange
$1,945
Price decreased by 7%
Feb 21, 2025
Source: Zillow Rentals
Listed For Rent
$2,100
Feb 21, 2025
Source: Zillow Rentals
ListingRemoved
$2,099
Jan 25, 2025
Source: Zillow Rentals
PriceChange
$2,099
Price decreased by 4%

Market trends in Melissa

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$419K
$4.17KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$181
$2MoM
Available listings
209
13MoM

Around this home

What Locals Say about Melissa

At least 55 Trulia users voted on each feature.

  • 96 % Say yards are well-kept

  • 91 % Say it's dog friendly

  • 87 % Say parking is easy

  • 85 % Say car is needed

  • 84 % Say there's holiday spirit

  • 83 % Say it's quiet

  • 83 % Say kids play outside

  • 81 % Say people would walk alone at night

  • 79 % Say there are sidewalks

  • 61 % Say streets are well-lit

  • 61 % Say they plan to stay for at least 5 years

  • 54 % Say neighbors are friendly

  • 33 % Say there's wildlife

  • 26 % Say there are community events

  • 13 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Amye
    "This is a great community, but it’s no longer the small town it once was. The school district is excellent with supportive and caring teachers and staff."
    0
    Flag
  • Amye
    "My neighborhood has easy access to highway 75 and it’s about a 30 minute drive from here to downtown Dallas."
    0
    Flag
  • brad.schweik
    "Great neighborhood! Many kind people and they have respect for their homes and for other people. We have really enjoyed living here."
    0
    Flag
  • Meagstiffler
    "We have no family close to us. We are blessed that the neighbors have been family to us. We have weekly potluck dinners, and if I need help with house sitting, letting our dog out, or bringing my mail in, we have people that we can call. "
    2
    Flag
  • Carey A.
    "Safe friendly area to walk your fur babies. If you don’t like dogs, don’t move into this neighborhood. "
    0
    Flag
  • Pastorj
    "Community Parades, block parties, and Easter events for the community! Local pool with community fun for everyone to enjoy! "
    0
    Flag
  • Jordan B.
    "Good community and all are family Oriented mostly young family people who live here. Lots of kids so great for little ones to grow up in Melissa. Police are fair and helpful. Great sense of community here and plenty of gas stations! Only negative things are no grocery store and we need more food options. Schools are great teachers are helpful and patient no drugs that are immediately noticeable. Really good city to live in. Low if any crime also "
    2
    Flag
  • Sarahbryant0505
    "Parades, Fourth of July fireworks shows, great schools, small town with small town feel. We love it here"
    0
    Flag
  • Alynnd76
    "Melissa is very family friendly and the public library always has things going on for the kids. The farmers market puts on lots of activities for kids and families."
    1
    Flag
  • Kendhal T.
    "It’s very quiet out here. No one messes with anyone. New developments are being built weekly. Value of homes are going up yearly. "
    0
    Flag
  • sunshine
    "Family friendly and safe neighborhood. Great schools and community pool. Neighborhood picnics and community garage sales."
    0
    Flag
  • Daniel
    "No events specifically, but we just moved here last July. Neighbors mostly seem nice but we’ve only met a few. There are some nice parks nearbyt"
    0
    Flag
  • S n. h.
    "City of Melissa has holiday events like parades and festivals. Neighborhoods have all the usual things like garage sales and trick or treating. "
    0
    Flag
  • Harrison T.
    "Overall solid place and school systems. It’s a growing area lacking just a few creature comforts. Those should come in time"
    0
    Flag
  • Kate P.
    "Several things..some good, some not so good. At the moment it’s simply a good area to invest in, due to the growth. "
    1
    Flag
  • Coby M.
    "Great place to live. Melissa is expanding. "
    0
    Flag
  • Shauna S.
    "Wonderful place to live. New parks, great schools. "
    2
    Flag

LGBTQ Local Legal Protections

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Frequently asked questions about 503 Teal Ln

  • What is 503 Teal Ln estimated to be worth?
    Trulia's estimated value for 503 Teal Ln in Melissa, TX is $286,000.
  • What is the price history for 503 Teal Ln?
    503 Teal Ln in Melissa, TX last sold in April 2024.
  • Is Melissa a buyer's or seller's market?
    Melissa is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Melissa?
    The median sale price in Melissa is $419K. That is up $4.17K from the prior month.
  • Does 503 Teal Ln have air conditioning?
    Yes, 503 Teal Ln in Melissa, TX has air conditioning.
  • Does 503 Teal Ln have a pool?
    Yes, 503 Teal Ln in Melissa, TX has a pool.

Explore by feature - Pet Friendly

89 pet-friendly rentals in Melissa, TX

Explore by feature - Garage

75 rentals with a garage in Melissa, TX

Explore by feature - Air Conditioning

85 rentals with air conditioning in Melissa, TX

Explore by feature - Pool

52 rentals with a pool in Melissa, TX

Explore by feature - Washer/dryer

96 rentals with a washer/dryer in Melissa, TX

Explore by feature - Outdoor Space

33 rentals with an outdoor space in Melissa, TX

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