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$568,000

368 Riddle Rd, Cedar Creek, TX, 78612

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.15 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
AppliancesOven, Dishwasher, Electric Cooktop, Tankless Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size2.17 acres

Building Information

Year Built2002
Roof Type105
Garage Spaces2

Land Information

APNR53785
Lot Number116
SubdivisionArtesian Oaks Sec 2
Land UseResidential
Legal DescriptionARTESIAN OAKS SEC 2, LOT 116, ACRES 2.167
Census Tract950806
Assessed Land Value$200,421
Assessed Improvement Value$293,642
Assessment Year2025

About this property

Unique opportunity with multiple dwellings. Property is 2+ acres in Cedar Creek with no HOA, offering unmatched flexibility for living, income or both. Similar properties have sold with no single-family home. This private, gated and fully fenced property features a 2,600 SF single-family home plus a 2,100 double-wide mobile home, a garage with upper living space and additional improvements- ideal for multi-generational living room, guest accommodations, or added cash flow. The main home offers central A/C, an open-concept layout, updated kitchen, and a wraparound porch perfect for enjoying a peaceful setting. The doublewide includes a metal roof, newer A/C and newer windows, floors, bath upgrades and kitchen cabinets. Wheel chair accessible providing comfortable and independent living space. The property is well-equipped with two septic systems and a 40-amp hookup, allowing for versatile use. Tucked away for privacy and backing to a dry weather creek, this is a unique offering with space, flexibility and value that is increasingly hard to find.

Investor Tools

Property Icon
$568,000
Estimated Property Value
$278,474Estimated Mortgage Balance
$293,185Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,408 /month
Positive
Cash Flow Estimate:
$1,136 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$838/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$494,063
2025
$200,421
$293,642
$494,063
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$494,063

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Upequity Spv2 Llc
Conventional
$278,474
No
First
Aug 13, 2025
Nov 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$274,815
$293,185
51%
48%
$1,670/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.

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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 Creek

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368 Riddle Rd | Property Details | No Agent List