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$531,000

NAL Estimated Property Value

2518 Timber Ridge Dr, Garland, TX, 75044

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,104 Sq Ft
price_per_sqft$166.17 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size7,218 sqft

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces2

Land Information

APN265799800B0090000
Lot Number9
SubdivisionSpringpark Central
Land UseResidential
Legal DescriptionSPRINGPARK CENTRAL 13 BLK B LT 9 INT202200066407 DD03042022 CO-DC 5799800B00900 3CG5799800B
Census Tract019031
Assessed Land Value$95,000
Assessed Improvement Value$395,000
Assessment Year2025

About this property

Bring your creative imagination & some TLC to transform this spectacular floor plan into its original model home status! This spacious 4 bd 2.5 ba offers 2 lvg areas, a separate dining PLUS an office & is located in the coveted Spring Park neighborhood in RISD! You'll love the size of the mstr bdrm, bath & walk-in closet! Spring Park HOA incl the very active Tennis & Swim Club w 10 lighted tennis courts, pool & lg clubhouse. Community amenities incl 140 acres of greenbelts & parks, private stocked lake, swim & tennis club, community gardens & bridle trails that connect to nearby horse stables. Home is close to Richardson's Sherrill Park Golf Course, restaurants, shopping, 190, US 75, Plano&Allen biz districts!

Investor Tools

Property Icon
$531,000
Estimated Property Value
$429,075Estimated Mortgage Balance
$101,925Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,186 /month
Positive
Cash Flow Estimate:
$1,062 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$963/month
$1,030/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,900
$490,000
2025
$95,000
$395,000
$490,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,900
$490,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Capital Bank Ssb
Conventional
$465,500
No
First
Mar 4, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$429,075
$101,925
19%
81%
$2,791/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$3,821/mo
$-1,011/mo
6.4%

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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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: Garland

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2518 Timber Ridge Dr | Property Details | No Agent List