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$406,000

NAL Estimated Property Value

1016 Ledgemont Dr, Plano, TX, 75025

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,545 Sq Ft
price_per_sqft$265.37 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Washer
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-1641-005-0230-1
Lot Number23
SubdivisionCross Creek East No 3 (Cpl)
Land UseResidential
Legal DescriptionCROSS CREEK EAST NO 3 (CPL), BLK 5, LOT 23
Census Tract031632
Assessed Land Value$105,000
Assessed Improvement Value$206,508
Assessment Year2025

About this property

FULLY REMODELED Beautiful Home on a private street with a Cul-De-Sac! The living room welcomes you with a vaulted ceiling, a wood-burning brick fireplace with classic wood mantel, and abundant natural light. The chef’s kitchen features brand-new white shaker cabinets with custom touches such as a lazy Susan, base tray cabinet, and pot-and-pan drawers. Quartz countertops and grey-and-white subway tile backsplash pair beautifully with brushed nickel hardware, a pull-out sprayer faucet, and stainless-steel appliances including a built-in microwave, electric glass cooktop and oven, 3-tray steel tub dishwasher and 12x24 porcelain tile floors. The dining area offers a decorative chandelier and window seat, while the master suite provides a relaxing retreat with a pan ceiling, ceiling fan, and a shaker-style vanity with quartz countertops, rectangle sink, walk-in closet with built-ins and brushed nickel faucets. Secondary bedrooms include walk-in closets and ceiling fans, with an updated guest bath showcasing porcelain tile flooring, a shaker vanity, and Quartz countertops. Outdoors, enjoy an 8-foot board-on-board wood fence with kicker boards, a concrete rear patio perfect for gatherings, ample rear parking for up to 4 vehicles, and the natural beauty of mature trees. A 2-car garage, smooth Chamberlain garage door opener, and recently updated HVAC and hot water heater provide peace of mind. Recent upgrades include LED lighting, Edison-style fixtures, 2-inch wood faux blinds, energy-efficient vinyl windows, 7 inch luxury vinyl plank flooring, fresh interior and exterior paint. Craftsman-style front door, updated rear door, brushed nickel hardware, hinges, and an upgraded mailbox add charm and curb appeal. Roof and fence are under 10 years old!

Investor Tools

Property Icon
$406,000
Estimated Property Value
$31,376Estimated Mortgage Balance
$374,624Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,926
$311,508
2025
$105,000
$206,508
$311,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,926
$311,508

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
N/A
$59,900
N/A
First
Jul 19, 2000
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$31,376
$374,624
92%
8%
$648/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,480/mo
$648/mo
+$1,832/mo
7.3%

Learn About the Market: Opportunity in Texas

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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: Plano

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1016 Ledgemont Dr | Property Details | No Agent List