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$570,000

NAL Estimated Property Value

2724 Ridgemere Drive, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,641 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.17 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,444 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR164251
Lot Number14
SubdivisionEstates At Creekwood Iii Ph 2
Land UseResidential
Legal DescriptionESTATES AT CREEKWOOD III PH 2 BLK D LOT 14
Census Tract021725
Assessed Land Value$122,777
Assessed Improvement Value$417,363
Assessment Year2025

About this property

Nature abounds in the middle of Flower Mound on this stunning creek view lot! Slip away from the stresses of life in the beautiful backyard boasting a newly stained fence and a view of nature itself. Open flowing floor plan offers endless possibilities with 3 living areas, a custom kitchen with a gourmet flare & a new stainless steal top of the line fridge, beautiful wood like flooring, a gas starter wbfp and natural light. Glide upstairs & enjoy the huge gameroom or slip into the spacious master retreat & spa like bath featuring garden tub, dual sinks, separate shower, & walk in closet. Large Jack & Jill guests bdrms are sure to please! Decorative lighting, 2 inch faux blinds, new ceiling fans, & much more!!

Investor Tools

Property Icon
$570,000
Estimated Property Value
$116,615Estimated Mortgage Balance
$453,385Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$833/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,151
$540,140
2025
$122,777
$417,363
$540,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,151
$540,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgagecountry Llc
Conventional
$120,000
No
First
Oct 11, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,615
$453,385
79%
20%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$720/mo
+$2,230/mo
6.2%

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: Flower Mound

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2724 Ridgemere Drive | Property Details | No Agent List