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$402,400

281 Ridgewood Dr, Shepherd, TX, 77371

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,921 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.05 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesMicrowave, Electric Range, Dishwasher

Exterior

Lot Size2.77 acres

Building Information

Year Built2003
Garage Spaces2

Land Information

APN76672
Lot Number65
SubdivisionRagsdale Springs
Land UseResidential
Legal DescriptionRAGSDALE SPRINGS, LOT 65, ACRES 2.77
Census Tract200104
Assessed Land Value$72,570
Assessed Improvement Value$329,830
Assessment Year2025

About this property

Nestled in a peaceful country neighborhood just a short drive from Houston, this charming 3-bedroom 2 bath home offers spacious garage, carport, and covered storage - perfect for your hobbies and equipment. Tucked away from the road, this custom property shines bright like a diamond. The mother-in-law suite provides flexible living options with its own separate bedroom and bath for guests staying short or long term.

Investor Tools

Property Icon
$402,400
Estimated Property Value
$315,000Estimated Mortgage Balance
$92,947Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$307/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,673
$402,400
2025
$72,570
$329,830
$402,400
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,673
$402,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$315,000
No
First
May 30, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,453
$100,547
24%
77%
$1,889/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.

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: Shepherd

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281 Ridgewood Dr | Property Details | No Agent List