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$651,000

NAL Estimated Property Value

308 Canyon Ridge Dr, Richardson, TX, 75080

$693,714 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,713 Sq Ft
price_per_sqft$230.37 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built1973
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-0116-104-0080-1
Lot Number8
SubdivisionCanyon Creek Country Club No 17 (Crc)
Land UseResidential
Legal DescriptionCANYON CREEK COUNTRY CLUB NO 17 (CRC), BLK 104, LOT 8
Census Tract031815
Assessed Land Value$396,000
Assessed Improvement Value$240,347
Assessment Year2025

About this property

Lovely home on a large creek lot near Prairie Creek Park in the coveted Canyon Creek Country Club subdivision. The home has an open floor plan and wall of windows in the living room showing off the amazing view of the backyard. Relax in this lush backyard surrounded by beautiful trees. This home has 4 large bedrooms with spacious storage space in each room. The oversized fourth bedroom is upstairs, has a bathroom and could be used as an office or game room. Home is minutes away from Canyon Creek Country Club, schools, dining and much more. Stop by this amazing creek lot home. Showing begin Saturday, May 20th

Investor Tools

Property Icon
$651,000
Estimated Property Value
$388,296Estimated Mortgage Balance
$262,704Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$693,714
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,906 /month
Positive
Cash Flow Estimate:
$1,302 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,058/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,438
$636,347
2025
$396,000
$240,347
$636,347
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,438
$636,347

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Unknown
$409,500
No
First
Jul 31, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$388,296
$262,704
40%
60%
$2,456/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,456/mo
$-416/mo
3.8%

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: Richardson

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308 Canyon Ridge Dr | Property Details | No Agent List