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$451,000

2851 Fairway Drive, Cedar Hill, TX, 75104

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,499 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.08 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Hardwood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Private Yard
Lot Size12,937 sqft

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces2

Land Information

APN16027900001870000
Lot Number187
SubdivisionLake Ridge Sec
Land UseResidential
Legal DescriptionLAKE RIDGE SEC 3 LT 187 ACS 0.2846 CALC INT202200306600 DD12012022 CO-DC 0279000018700 4CH02790000
Census Tract016525
Assessed Land Value$100,000
Assessed Improvement Value$340,000
Assessment Year2025

About this property

Beautiful home nestled in the Lake Ridge Golf Community. Great location with the Golf Course just a short walk across the street, and Joe Pool Lake close by! Fall in love with the beautiful hardwood floors, high ceilings, and the abundance of natural light coming into the home. The Kitchen features granite countertops, large island, breakfast area, additional workspace included in the kitchen. Second level boasts a large master bedroom with beautiful windows overlooking the downstairs, large en-suite bathroom and walk-in closet. Upstairs also features 2 additional bedrooms and bathroom. Enjoy the enclosed sunroom equipped with a kitchenette and doors that open up to the patio and backyard oasis with a pool! The fully landscaped backyard, pool area, and covered patio area are overlooked by the 2nd level balcony for relaxation! The long driveway leads to the two-car, detached garage and golf cart garage offers additional space for parking and storage! Great community and location!

Investor Tools

Property Icon
$451,000
Estimated Property Value
$0Estimated Mortgage Balance
$32,713Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$939/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,009
$440,000
2025
$100,000
$340,000
$440,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,009
$440,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighborhood Cu
Conventional
$446,500
No
First
Dec 1, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,287
$32,713
7%
93%
$2,677/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,070/mo
$2,952/mo
+$118/mo
8.2%

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.

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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: Cedar Hill

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2851 Fairway Drive | Property Details | No Agent List