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A+
NoAgentList RatingHow are grades calculated? Info

$294,900

1007 Ridgemont Drive, Allen, TX, 75002

$383,370 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,435 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.11 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave, Convection Oven, Plumbed For Ice Maker
FlooringCarpet, Laminate, Stone, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1989
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-2290-00A-0140-1
Lot Number14
SubdivisionCottonwood Bend No 7b (Cal)
Land UseResidential
Legal DescriptionCOTTONWOOD BEND NO 7B (CAL), BLK A, LOT 14
Census Tract031422
Assessed Land Value$125,000
Assessed Improvement Value$351,100
Assessment Year2025

About this property

This wonderful, turn key 4 bedroom 2 and a half bath is move in ready. Recently updated using high quality fixtures and materials, this home welcomes you with a split level entry. Downstairs you have gorgeous wood floors and a large living area with fireplace. The updated kitchen is connected to the formal dining room and breakfast area. Granite counters top plenty of gorgeous white cabinets and high quality SS appliances make cooking a pleasure. The upstairs master has plenty of space and the master bath is furnished with a luxurious garden tub, stand up shower and dual vanities. The large common area upstairs makes a perfect play area and the three separate bedrooms share an updated bathroom with dual sinks.

Investor Tools

Property Icon
$476,100
Estimated Property Value
$0Estimated Mortgage Balance
$242,999Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$383,370
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,857 /month
Positive
Cash Flow Estimate:
$952 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$895/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,355
$476,100
2025
$125,000
$351,100
$476,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,355
$476,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$235,500
No
First
Oct 24, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,101
$242,999
51%
49%
$1,412/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,412/mo
+$1,938/mo
8.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Allen

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