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Owner Contacts

$311,101

NAL Estimated Property Value

1609 Timberline Dr, Plano, TX, 75074

Off Market

3 Beds

2 Bath

1,149 Sq Ft

$274.06 / sqft

Built in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range

FlooringCarpet, Vinyl

Building Information

Year Built1975

Stories1

Roof Type105

Garage Spaces1

Land Information

APNR-0462-002-0380-1

Lot Number38

SubdivisionRidgewood Third Section (Cpl)

Land UseResidential

Legal DescriptionRIDGEWOOD THIRD SECTION (CPL), BLK 2, LOT 38

Census Tract032014

Assessed Land Value$82,500

Assessed Improvement Value$228,601

Assessment Year2025

About this property

Discover this tastefully updated 3 bedroom 2 bath home with modern upgrades and serene green views! The spacious and bright living area in this well-designed home flows into the breakfast nook and updated kitchen. Cozy galley kitchen features new cabinets, appliances & quartz counter tops. Both baths have been completely remodeled down to the studs, showcasing new fixtures, stylish tile surrounds, new drywall & plumbing. LVP flooring in neutral tones flows throughout the living and dining areas.Bedrooms are comfortably sized. Approx $55,000 in updates & upgrades completed between 2022 and 2024 include:Interior Paint, Cabinets, Appliances, Windows, Patio Door, HVAC, Roof, Service Panel,Water Heater, Lighting, Flooring & Plumbing.Ample storage in garage.Outdoors, the patio deck on this creek lot offers privacy and views of the heavily treed backyard.This delightful home is located just minutes from major highways, providing easy access to top rated Plano schools, DART rail and amenities!

Investor Tools

$311,101

Estimated Property Value

$244,504Estimated Mortgage Balance

$66,597Estimated Equity

21% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,889 /month

Positive

Cash Flow Estimate:

$630 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$372/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,913

$311,101

2025

$82,500

$228,601

$311,101

Tax History

Year

Tax Paid

Assessed Value

2024

$2,913

$311,101

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Provident Funding Associates Lp

Conventional

$252,000

First

Sep 20, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$244,504

$66,597

21%

79%

$1,511/mo

Learn About the Market: Opportunity in Texas

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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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