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$639,900

1603 Banded Ledge Dr, Mansfield, TX, 76063

$712,425 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths3,580 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.74 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

BankruptcyAuctionPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesGas Cooktop, Gas Oven, Gas Range, Gas Water Heater

Exterior

Lot Size7,231 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN126.4106.14310
Lot Number31
SubdivisionM3 Ranch Ph 1a & 1b
Land UseOther / Unknown
Legal DescriptionLOT 31 BLK 14 M3 RANCH PH 1A & 1B
Census Tract130419
Assessed Land Value$115,000
Assessed Improvement Value$616,961
Assessment Year2025

About this property

Welcome to 1603 Banded Ledge Drive, a spacious, nearly new home located in the desirable M3 Ranch community of Mansfield. Built in 2024, this impressive residence offers approximately 3,580 square feet, 5 bedrooms, 3 full bathrooms, and 1 half bathroom, providing plenty of room for comfortable everyday living, entertaining, working from home, and hosting overnight guests. The thoughtfully designed floor plan features generous living spaces and an open layout that creates an easy flow throughout the home. The spacious kitchen serves as the center of the home and opens to the main living and dining areas, making it ideal for gatherings, celebrations, and family time. With five bedrooms, the home offers excellent flexibility for a home office, guest suite, fitness room, playroom, or multigenerational living. The additional living areas provide space for a game room, media room, or second family room, allowing everyone to spread out and enjoy their own space. The private primary suite offers a comfortable retreat with an ensuite bathroom and ample closet space. Secondary bedrooms are generously sized and conveniently positioned near additional bathrooms (Jack & Jill). Situated on an approximately 7,231-square-foot lot, the property also provides outdoor space for relaxing, entertaining, pets, or future backyard enhancements. The newer construction offers modern comfort, updated design, and the convenience of a home completed in 2024. Enjoy the amenities and welcoming atmosphere of M3 Ranch while remaining conveniently located near Mansfield schools, shopping, dining, entertainment, parks, and major roadways. This spacious home offers the room, flexibility, and location today’s buyers are searching for. Schedule your private showing and discover everything 1603 Banded Ledge Drive has to offer.

Investor Tools

Property Icon
$731,961
Estimated Property Value
$565,200Estimated Mortgage Balance
$184,444Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$712,425
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,392 /month
Positive
Cash Flow Estimate:
$1,464 /month

Interested in this property?

Amber Brown

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$334/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$349
$731,961
2025
$115,000
$616,961
$731,961
No

Tax History

Year
Tax Paid
Assessed Value
2025
$349
$731,961

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homexpress Mortgage Corp
Conventional
$565,200
No
First
Nov 26, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$547,517
$184,444
25%
75%
$3,389/mo

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: Mansfield

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1603 Banded Ledge Dr | Property Details | No Agent List