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$609,900

$610,000

248 Scenic Wood Drive, Reno, TX, 76020

On MarketInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,402 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.91 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size1.01 acres

Building Information

Year Built2020
Garage Spaces2

Land Information

APN17301-001-012-00
Lot Number12
SubdivisionScenic Wood Estates
Land UseResidential
Legal DescriptionACRES: 1.007 LOT: 12 BLK: 1 SUBD: SCENIC WOOD ESTATES
Census Tract140413
Assessed Land Value$80,000
Assessed Improvement Value$432,980
Assessment Year2025

About this property

Situated prominently upon the highest elevation, this exceptional custom-built hilltop home offers breathtaking panoramic sunrise and sunset views that simply cannot be duplicated. Every day feels like a retreat as you arrive home to this stunning property! Soaring cathedral-arched ceilings create a grand sense of space throughout the family and primary suite, with luxury wood-look ceramic flooring through much of the home. Gourmet chef's kitchen is designed to impress with custom cabinetry, & abundant workspace. The purposefully designed butler's pantry and serving area for additional storage are to the side of the spacious kitchen and the ideally positioned laundry room connects directly to the spacious primary closet. A thoughtfully crafted mudroom right off the garage. Appreciate the fully foam insulated workshop with ample electric, & extra parking space for trailer, RV, boats etc. The seller had curbs installed on the wide driveway up to the home and shop. This remarkable property combines luxury, efficiency, functionality, and unmatched views—truly checking every box for your last forever home! The home is updated w solar energy offering significant utility savings. The seller likes to keep his home cool & around 68 degrees, with the solar panel ownership contract and co-op electric, he pays around 331-360 on avg per month. Buyer will assume the existing solar contract at closing, w ownership of the solar panels transferring upon completion of term. OR Seller will consider removing panels if buyer does not want them. 2 huge private safes in living stay with home, or can be removed if buyer wants. Buyer and BA to verify all info during due diligence period to include schools, measurements etc. Priced below a recent independent appraisal. Copy is available from the listing agent upon request. Per seller, No building restrictions, would only need permit from city of Reno. Also, The cross was installed by the builder and can be removed if buyer does not want.

Investor Tools

Property Icon
$512,980
Estimated Property Value
$0Estimated Mortgage Balance
$249,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,659 /month
Positive
Cash Flow Estimate:
$1,220 /month

Interested in this property?

Angela Walker

JPAR

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$214/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$512,980
2025
$80,000
$432,980
$512,980
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$512,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$298,400
No
First
Jun 29, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,480
$249,500
48%
51%
$1,790/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: Reno

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248 Scenic Wood Drive | Property Details | No Agent List