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$305,000

1029 Wood Ridge Dr, Azle, TX, 76020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.01 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Water Heater, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size10,041 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN23215-5-11
Lot Number11
SubdivisionLake Ridge Estates Addition
Land UseResidential
Legal DescriptionLAKE RIDGE ESTATES ADDITION BLOCK 5 LOT 11
Census Tract114204
Assessed Land Value$34,590
Assessed Improvement Value$248,475
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED, PLEASE SUBMIT YOUR HIGHEST AND BEST OFFER BY ONE PM SATURDAY OCTOBER 19. This single-owner gem, located in the desirable Lake Ridge Estates, offers convenience with its proximity to schools and shopping, and a beautiful setting surrounded by mature trees. The 3-bedroom, 2-bath, 2-car garage home sits on a spacious corner lot and has been freshly painted inside, with updates to the kitchen and flooring. The generous living area features updated flooring, new ceiling fan, a cozy wood-burning fireplace with a blower, and views of the private backyard. The kitchen, complete with an eat-in area, offers updated tile flooring, a built-in oven, and a microwave, and opens to a convenient laundry room with ample storage. The master suite includes an ensuite bathroom with two walk-in closets, dual sinks, a bathtub, and a separate walk-in shower. The two additional bedrooms share a Jack-and-Jill bathroom, providing a functional and comfortable living space. Refrigerator, washer and dryer available to purchase. Professional photos will be posted 10 17 2024

Investor Tools

Property Icon
$305,000
Estimated Property Value
$208,000Estimated Mortgage Balance
$102,550Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,265
$283,065
2025
$34,590
$248,475
$283,065
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,265
$283,065

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$208,000
No
First
Nov 8, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,450
$102,550
33%
66%
$1,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$1,248/mo
+$342/mo
6.3%

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.

Explore Texas Explore This Area
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: Azle

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1029 Wood Ridge Dr | Property Details | No Agent List