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$340,011

NAL Estimated Property Value

126 Ridgeway Dr, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,491 Sq Ft
price_per_sqft$231.39 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringWood

Exterior

Exterior FeaturesRV Hookup
Lot Size26,049 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.7880.005.009.00.111
Lot Number9
SubdivisionRidge Crest Est #1
Land UseResidential
Legal DescriptionLOT 9 BLK 5 RIDGE CREST EST #1 .598 AC
Census Tract060207
Assessed Land Value$95,000
Assessed Improvement Value$245,011
Assessment Year2025

About this property

This ready to move in home is located in the Ridge Crest subdivision in Red Oak.The community is located in the Red Oak Independent School District. The home features 3 bedrooms and 2 full baths with a large living area with a fireplace. The home is 1491 sq feet. The kitchen has granite countertops, stainless appliances and a walk in pantry. There is a nice size dining area and leads into a large utility room. It features a large fenced in back yard with a covered patio and a place to park your RV. The house has been completely repainted, has a new water heater and roof. The AC system is in excellent condition. No HOA fees and the home is move in ready. The house is located in Ellis County with a small town feel but also with lots of amenities. This property is perfect for those looking to get away from the busyness of the Metroplex without giving up the comforts of a nearby city. Don’t miss this opportunity in the sought after Red Oak area.

Investor Tools

Property Icon
$340,011
Estimated Property Value
$37,290Estimated Mortgage Balance
$302,721Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,040
$340,011
2025
$95,000
$245,011
$340,011
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,040
$340,011

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$69,520
No
First
Feb 28, 2008
Apr 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$37,290
$302,721
89%
11%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
N/A
+$2,080/mo
7.3%

City: Red Oak

126 Ridgeway Dr | Property Details | No Agent List