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B+
NoAgentList RatingHow are grades calculated? Info
Days83Days on Market
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$314,000

248 Waters Ridge Drive, Lavon, TX, 75166

$360,370 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,902 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.09 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Oven, Gas Range, Microwave
FlooringCeramic Tile, Vinyl

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-12526-00A-0340-1
Lot Number34
SubdivisionLakepointe
Land UseResidential
Legal DescriptionLAKEPOINTE PHASE IIB (CLA), BLK A, LOT 34
Census Tract031201
Assessed Land Value$105,000
Assessed Improvement Value$253,193
Assessment Year2025

About this property

Welcome to 248 Waters Ridge, a beautifully maintained like-new home in the heart of Lavon in the beautiful Lakepointe neighborhood that combines comfort, style, and convenience. Seller's job relocation is your benefit! This inviting residence features an open-concept floor plan with a spacious living area filled with natural light, seamlessly flowing into a modern kitchen complete with granite countertops, stainless steel appliances, and a large island perfect for gatherings. The primary suite offers a peaceful retreat with a walk-in closet and a private bath featuring dual sinks and a relaxing shower. Additional bedrooms provide flexibility for family, guests, or a home office. Step outside to a generously sized backyard—ideal for entertaining, play, or simply enjoying quiet evenings. Located in a friendly neighborhood just minutes from Lake Lavon, schools, parks, and major highways, this home offers the perfect balance of suburban charm and easy access to city conveniences. Home also offers a custom fan, garage ceiling storage, custom storm front door with screen and ring camera system.

Investor Tools

Property Icon
$358,193
Estimated Property Value
$0Estimated Mortgage Balance
$358,193Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$360,369
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,149 /month
Positive
Cash Flow Estimate:
$716 /month

Interested in this property?

Geoffrey Lyons

The Agency Rockwall

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$627/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,728
$358,193
2025
$105,000
$253,193
$358,193
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,728
$358,193

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$358,193
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,850/mo
$750/mo
+$2,100/mo
9.5%

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.

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: Lavon

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