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$624,320

NAL Estimated Property Value

3879 Ridgelake Ct, Addison, TX, 75001

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,927 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.47 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size6,050 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN10005990010040000
Lot Number4
SubdivisionWaterford Park 1
Land UseResidential
Legal DescriptionWATERFORD PARK 1 BLK 1 LOT 4 INT202300106525 DD05302023 CO-DC 0059900100400 31000599001
Census Tract013726
Assessed Land Value$120,000
Assessed Improvement Value$504,320
Assessment Year2025

About this property

OFFER DEADLINE SET FOR MONDAY MAY 23 AT 3PM. Highly sought after POND-Cul-De-Sac location make this 3 bed, 2 bath Addison home a winner! Fresh paint dresses this light filled home accented with custom plantation shutters. Eleven foot ceilings add to uncluttered relaxed feel of floor plan. Large living area anchored by attractive gas fireplace. The over-sized primary in-suite houses dual sink bathroom, walk in closet and is located toward the rear of the home. The split floor plan is unique offering privacy for owners and guests. Generous sized secondary bedrooms each have a walk in closet. These bedrooms are currently configured as bedroom-office suite with a bath. however bedrooms could could perform as a true three bedroom. Great backyard pool for year-round entertaining. A community w a small-town feel offers desirable amenities: membership to Addison Athletic Club, community garden, walking trails, and dog park. Close to DFW, Love Field, restaurants, shopping & More!

Investor Tools

Property Icon
$624,320
Estimated Property Value
$278,772Estimated Mortgage Balance
$345,548Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,746 /month
Positive
Cash Flow Estimate:
$1,249 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$959/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,386
$624,320
2025
$120,000
$504,320
$624,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,386
$624,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Conventional
$295,000
No
First
May 30, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,772
$345,548
55%
45%
$1,769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$1,769/mo
+$951/mo
5.2%

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: Addison

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3879 Ridgelake Ct | Property Details | No Agent List