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$342,000

NAL Estimated Property Value

1001 Lake Ridge Drive, Azle, TX, 76020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,910 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.89 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size10,511 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN23215-4-9
Lot Number9
SubdivisionLake Ridge Estates Addition
Land UseResidential
Legal DescriptionLAKE RIDGE ESTATES ADDITION BLOCK 4 LOT 9
Census Tract114204
Assessed Land Value$36,195
Assessed Improvement Value$290,815
Assessment Year2025

About this property

Great home in well established neighborhood. Enjoy the beautiful backyard oasis, pool, custom landscape lighting. Corner lot for easy access to the RV pad. 10x12 Metal storage shed, new 30 year roof & wood fence with pipe poles. Wonderful corner lot. Spacious living room with gorgeous dry stack stone on fireplace & entry way. Split bedrooms, walk in closets, master suite has dual walk in closets. New tile floors in kitchen and bathrooms, fresh paint through out.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$195,839Estimated Mortgage Balance
$146,161Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,807
$327,010
2025
$36,195
$290,815
$327,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,807
$327,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$223,188
Yes
First
Feb 25, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,839
$146,161
42%
57%
$1,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$1,339/mo
+$251/mo
5.6%

City: Azle

1001 Lake Ridge Drive | Property Details | No Agent List