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$598,000

108 Prairie Ridge Dr, Aledo, TX, 76008

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,318 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.02 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
FlooringConcrete, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen
Lot Size1 acre

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN16340-003-003-00
Lot Number3
SubdivisionPrairie Ridge
Land UseResidential
Legal DescriptionACRES: 1.000 LOT: 3 BLK: 3 SUBD: PRAIRIE RIDGE ADDITION
Census Tract140714
Assessed Land Value$100,000
Assessed Improvement Value$471,980
Assessment Year2025

About this property

Splash In! Welcome to this charming 3 bedroom, 2.5 bath home in the rarely available, gated neighborhood of Prairie Ridge Estates in the heart of Aledo Bearcat Country! This home sites on 1 acre with plenty of elbow room, ideal for entertaining with an inground propane heated diving pool along with the oversized covered patio with Full outdoor BBQ to enjoy those hot summer nights. Plenty of space with 2 living areas, 3 bedrooms , 2 dining areas or could also use one as a study. Recent updates include new appliances in the kitchen and freshly painted cabinets. All appliances in the kitchen and all TV's through out the home convey! This neighborhood is convenient for commuters to the DFW area with a 5 min drive to hop on I20. Very close to downtown Aledo as well and right around the corner from Aledo High School. Do not miss this fantastic opportunity!

Investor Tools

Property Icon
$598,000
Estimated Property Value
$147,500Estimated Mortgage Balance
$455,342Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,588 /month
Positive
Cash Flow Estimate:
$1,196 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$945/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$571,980
2025
$100,000
$471,980
$571,980
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$571,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Barrett Financial Group Llc
Conventional
$147,500
No
First
Jul 31, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,658
$455,342
76%
24%
$885/mo

Learn About the Market: Opportunity in Texas

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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: Aledo

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108 Prairie Ridge Dr | Property Details | No Agent List