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B+
NoAgentList RatingHow are grades calculated?Info

$656,919

NAL Estimated Property Value

1508 Redwood Crest Ln, Flower Mound, TX, 75028

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,132 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.34 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size10,001 sqft

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR178595
Lot Number13
SubdivisionRustic Timbers Ph 1
Land UseResidential
Legal DescriptionRUSTIC TIMBERS PH 1 BLK A LOT 13
Census Tract021724
Assessed Land Value$110,000
Assessed Improvement Value$546,919
Assessment Year2025

About this property

Welcome home to this spacious, energy efficient true 5 bedroom home with 3 living areas 2 dining areas and a stately study with French doors. Enter and appreciate wood floors in the living, dining and family room. The chef's kitchen at the heart of the home with granite counters, black & stainless appliances, a gas cooktop, an abundance of cabinets, a long buffet bar and a breakfast bar open to the grand living room. The living room is anchored by an attractive fireplace and it affords plenty of space for large furniture sets. Find the owner's retreat & 2 bedrooms on main level. The owner's retreat boasts wood floors, plantation shutters, an ensuite bath with granite counters, a garden tub, a separate tiled shower & a custom walk-in closet. Bed 2 & 3 offer access to large full bath with 2 sinks. At the top of the stairs find a spectacular game-media room, 2 more very generous size beds & a Jack & Jill bath with separate vanities. Step into your backyard oasis and enjoy a sprawling covered stone patio overlooking the backyard with board on board cedar fence and a sparkling pool all set for summer with tropical palm trees and an extensive patio area ideal for outdoor entertaining. Appreciate solar panels keep energy bills low. What a gem in the heart of Flower Mound close to shopping, dining, parks, miles of trails and less than 10 miles from DFW Airport.

Investor Tools

Property Icon
$656,919
Estimated Property Value
$447,991Estimated Mortgage Balance
$208,928Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,942 /month
Positive
Cash Flow Estimate:
$1,314 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,122/month
$94/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,175
$656,919
2025
$110,000
$546,919
$656,919
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,175
$656,919

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Land Capital
Conventional
$450,000
No
First
Dec 12, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,991
$208,928
31%
68%
$2,880/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$2,974/mo
$-24/mo
5.4%

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: Flower Mound

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1508 Redwood Crest Ln | Property Details | No Agent List