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Owner Contacts

$651,518

NAL Estimated Property Value

1265 Ridgewood Pl, Houston, TX, 77055

Off Market

3 Beds

3 Bath

2,979 Sq Ft

$245.05 / sqft

Built in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer, Cooktop

FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Lot Size4,199 sqft

Building Information

Year Built1994

Garage Spaces2

Land Information

APN1176400010002

Lot Number2

SubdivisionRidgewood Place

Land UseResidential

Legal DescriptionLT 2 BLK 1 RIDGEWOOD PLACE

Census Tract520200

Assessed Land Value$232,050

Assessed Improvement Value$419,468

Assessment Year2025

About this property

Rare find! Charming brick home on a corner lot in a gated community. High ranked schools. Features 2-story ceilings, tons of natural light, generous closet & storage space, new porcelain tile on first floor, utility room w/ storage & washer/dryer. Kitchen w/ cabinets galore, lots of countertop space, a breakfast bar, island w/ a gas cooktop, & stainless steel refrigerator. Breakfast area w/ wall to ceiling windows. Large open area living room w/ floating fireplace & built-in cabinets/bookcases, 2-story ceilings & wall of windows. Primary BDRM on first floor, HIS & HER oversized closet w/ shelves & built-in drawers, Jetted tub, HIS & HER vanity. Huge separate formal dining area w/ crown molding. Formal living room w/ 2-story ceilings & a duel facing floating fireplace. Game room w/ built-in study nook & balcony overlooking the living room. All bedrooms are spacious w/ walk-in closets w/built-ins. Covered Patio. LOW TAX RATE, HOA takes care of it all; trash, water, sewer & landscaping.

Investor Tools

$651,518

Estimated Property Value

$168,915Estimated Mortgage Balance

$482,603Estimated Equity

74% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,380 /month

Positive

Cash Flow Estimate:

$1,460 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$735/month

$2,800/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,567

$651,518

2025

$232,050

$419,468

$651,518

Tax History

Year

Tax Paid

Assessed Value

2024

$5,567

$651,518

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Zb Na

Credit Line (Revolving) / Heloc

$170,400

First

Nov 13, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$168,915

$482,603

74%

26%

$1,022/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$3,822/mo

$-2,100/mo

3.2%

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