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B+
NoAgentList RatingHow are grades calculated? Info

$605,000

1606 Ridgecove Dr, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,685 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.18 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Double Oven
FlooringCarpet, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Gas Grill, Rain Gutters

Building Information

Year Built2009
Stories2
Garage Spaces2

Land Information

APNR-8114-00G-0160-1
Lot Number16
SubdivisionCountry Ridge Phase A (Cwy)
Land UseResidential
Legal DescriptionCOUNTRY RIDGE PHASE A (CWY), BLK G, LOT 16
Census Tract031330
Assessed Land Value$150,000
Assessed Improvement Value$469,486
Assessment Year2025

About this property

This exceptionally gorgeous timeless traditional is a true show stopper from the moment you drive up! The kitchen & living area will certainly be the setting for many future parties & gatherings with great indoor-outdoor flow leading out to a covered patio & sparkling pool-spa, perfect for hosting the ultimate summer soirée! Gourmet kitchen equipped with a gas burner cooktop, double ovens, gorgeous granite, and hand-scraped hardwoods that flow throughout the main areas! Main level offers a study or 5th bedroom option & primary retreat with ensuite. 2nd floor features a game room with a wet bar-kitchenette area, theatre room with screen & overhead projector with full hookup, a full bathroom, 3 secondary bedrooms----1 with an ensuite bath & all bedrooms have WICs! Highlights: Pre-installed wiring throughout for electronics, built-in blue tooth speakers with individual volume control throughout rooms on 1st floor & patio!

Investor Tools

Property Icon
$619,486
Estimated Property Value
$273,000Estimated Mortgage Balance
$348,067Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,717 /month
Positive
Cash Flow Estimate:
$1,239 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,162/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,842
$619,486
2025
$150,000
$469,486
$619,486
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,842
$619,486

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Unknown
$273,000
No
First
Jan 17, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,419
$348,067
56%
44%
$1,637/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,137/mo
+$1,203/mo
6.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Wylie

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