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$387,000

4004 Ridge Gate Dr, Plano, TX, 75074

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,652 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.86 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-3013-00A-0400-1
Lot Number40
SubdivisionRidge Gate Estates (Cpl)
Land UseResidential
Legal DescriptionRIDGE GATE ESTATES (CPL), BLK A, LOT 40
Census Tract032010
Assessed Land Value$90,000
Assessed Improvement Value$294,000
Assessment Year2025

About this property

Sweet one-story, 3-bedroom, 2-bath home in the heart of Plano! Open, angled plan design with high ceilings, skylight, crown molding, engineered wood floors. Designer paint scheme in neutral color palette. Slab granite counters, window seat, white cabinetry, arched windows, and stainless appliances grace the eat-in kitchen. Gorgeous wood plank accent wall and upper fireplace area. Formal dining room has a bay window and designer chandelier. Master retreat has sitting area, spacious walk-in closet, garden tub, dual vanities with knee space. Expansive, private backyard has generous covered patio with elegant trellis. New water heater 2021. Zoned for highly-rated Plano ISD. Minutes from shops and restaurants in historic downtown Plano, Oak Point Park and Nature Preserve, Haggard Park, Bob Woodruff Park South, Art Centre of Plano, local grocery stores, DART, The Texas Pool, and much more! MULTIPLE OFFERS RECEIVED. Highest and best due this evening, Sunday, July 24, 2022 by 7:00PM CST.

Investor Tools

Property Icon
$387,000
Estimated Property Value
$296,000Estimated Mortgage Balance
$111,668Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,322 /month
Positive
Cash Flow Estimate:
$774 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$718/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,681
$384,000
2025
$90,000
$294,000
$384,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,681
$384,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Valliance Bank
Purchase Money Mortgage
$296,000
No
First
Aug 24, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$275,332
$111,668
28%
71%
$1,775/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,260/mo
$1,775/mo
+$485/mo
7.0%

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: Plano

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4004 Ridge Gate Dr | Property Details | No Agent List