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$451,000

NAL Estimated Property Value

2816 Ridgemere Dr, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,795 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$250.7 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave
FlooringCarpet, Concrete

Exterior

Exterior FeaturesRain Gutters, Private Yard, Other
Lot Size7,270 sqft

Building Information

Year Built1995
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR164243
Lot Number6
SubdivisionEstates At Creekwood Iii Ph 2
Land UseResidential
Legal DescriptionESTATES AT CREEKWOOD III PH 2 BLK D LOT 6
Census Tract021725
Assessed Land Value$119,955
Assessed Improvement Value$325,045
Assessment Year2025

About this property

Discover Your New Home in Flower Mound! This fully updated 3-bedroom, 2-bathroom home, complete with an additional office space, is a sanctuary of modern living. Nestled on a creek lot, this property offers serenity and convenience. Step inside to an inviting open concept floorplan adorned with quality finishes and designer lighting. New carpet in bedrooms. Abundant storage solutions can be found throughout, ensuring an organized and clutter-free space. The spacious master bedroom boasts an ensuite bathroom and a walk-in closet. The kitchen features a custom breakfast bar, ample cabinet storage, and top-quality appliances. Outside, enjoy a generously sized yard and a beautiful timber deck, perfect for soaking in the serene surroundings and entertaining guests. With proximity to shops, dining, parks, Flower Reserve, Grapevine Lake, and excellent local schools, this central Flower Mound location offers the ideal balance of convenience and tranquility. Your dream home awaits!

Investor Tools

Property Icon
$451,000
Estimated Property Value
$337,218Estimated Mortgage Balance
$113,782Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,706 /month
Positive
Cash Flow Estimate:
$902 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$847/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,907
$445,000
2025
$119,955
$325,045
$445,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,907
$445,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Raymond James Bank Na
Conventional
$346,500
No
First
Nov 28, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$337,218
$113,782
25%
75%
$2,306/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$2,306/mo
+$644/mo
7.8%

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: Flower Mound

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2816 Ridgemere Dr | Property Details | No Agent List