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$537,000

1512 Ridgemont Dr, Austin, TX, 78723

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,835 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.85 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesFree-Standing Electric Oven, Free-Standing Refrigerator
FlooringLaminate

Exterior

Private PoolPrivate Pool
Lot Size8,943 sqft

Building Information

Year Built1954
Stories1
Roof Type105

Land Information

APN02231607140000
Lot Number21
SubdivisionDelwood 4 Sec B
Land UseResidential
Legal DescriptionLOT 21 BLK T DELWOOD 4 SEC B
Census Tract002104
Assessed Land Value$258,719
Assessed Improvement Value$257,517
Assessment Year2025

About this property

Welcome to this beautifully updated 3-bedroom, 2-bathroom home with a second living room / flex space in the highly sought-after Windsor Park neighborhood! With 1,835 square feet of thoughtfully designed space, this home offers both modern updates and timeless charmall just steps from local restaurants, retail, and minutes from Mueller. Updates include expanded new kitchen cabinetry, sleek quartz countertops, countertop seating, gorgeous porcelain tile, and a massive sink for ultimate functionality. Bonus rooms: huge laundry room with loads of storage, huge pantry, washer/dryer included, tankless water heater. Primary suite features a brand-new walk-in shower, a spacious walk-in closet, and an additional reach-in closet. (Custom pendant lights being installed soon!) A versatile flex room is great for a home office, gym, or extra storage. The large living room plus an additional den with sliding glass doors leads to the private, gated backyard. Two off-street parking spots and a large, private backyard with new fence is great for entertaining or relaxing! A generous front porch is perfect for your morning coffee while you wave to the neighbors on their walks. This stunning home for lease offers the perfect blend of comfort, style, and location. Walkable to Windsor Park library, CVS, shops and eateries (Hank's, Little Deli Pizzeria, and much more!), and a very short drive or bike ride to the Mueller HEB and all that Mueller has to offer!

Investor Tools

Property Icon
$537,000
Estimated Property Value
$350,000Estimated Mortgage Balance
$198,491Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,222 /month
Positive
Cash Flow Estimate:
$1,074 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$852/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$516,236
2025
$258,719
$257,517
$516,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$516,236

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Conventional
$350,000
No
First
Jul 30, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$338,509
$198,491
36%
63%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,099/mo
$-11/mo
4.7%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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