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$775,369

NAL Estimated Property Value

4012 Ridgelea Dr, Austin, TX, 78731

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,473 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$458.25 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Free-Standing Gas Range, Refrigerator
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,932 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces2

Land Information

APN02230002200000
Lot Number57
SubdivisionRidgelea
Land UseResidential
Legal DescriptionLOT 57 RIDGELEA
Census Tract000101
Assessed Land Value$576,544
Assessed Improvement Value$198,825
Assessment Year2025

About this property

Welcome to 4012 Ridgelea Drive — a darling mid-century gem nestled in the heart of Central Austin! Located in one of the city’s most sought-after neighborhoods, this home offers the perfect blend of urban convenience and serene, park-like surroundings. Just minutes from The Grove, Tiny Boxwoods, Central Market, local boutiques, major highways, and Downtown Austin, the location truly puts everything within reach. For outdoor enthusiasts, the setting is unbeatable. The home is adjacent to the Shoal Creek greenbelt and trail system, Greg Hill Pocket Park, and The Grove Signature Park—ideal for jogging, biking, commuting by bike, or enjoying a peaceful walk. Scenic destinations like Lady Bird Lake and the Barton Creek Greenbelt are also nearby, offering endless recreational options. Inside, the thoughtfully designed 2-bedroom, 2-bathroom floor plan maximizes space and function, flowing effortlessly from room to room. The kitchen boasts generous counter space and ample cabinetry—ready for your personal touch—and opens to a spacious, sun-drenched living area with a wall of windows, perfect for entertaining. Full of vintage charm, the home features original wood floors, cozy window seats in the living room, built-in bookshelves, and an inviting front porch. A standout feature is the magnificent shade tree in the front yard—rumored to be a Bastrop Oak sapling transplanted to the property in the 1950s, along with others throughout the neighborhood. Whether you're looking for a character-filled home to make your own or envision a fresh reimagining of the space, 4012 Ridgelea offers a rare opportunity in one of Austin’s most desirable pockets. Don’t miss your chance to own this timeless treasure in Central Austin!

Investor Tools

Property Icon
$775,369
Estimated Property Value
$52,624Estimated Mortgage Balance
$723,245Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,652 /month
Positive
Cash Flow Estimate:
$1,551 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$841/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,216
$775,369
2025
$576,544
$198,825
$775,369
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,216
$775,369

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Westwind Mortgage
Stand Alone Refi (Refinance Of Original Loan)
$89,000
No
First
Jul 15, 2009
Aug 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,624
$722,745
93%
7%
$0/mo

City: Austin