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Days2448Days on Market
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$519,000

$510,000

4040 Rive Ln, Addison, TX, 75001

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,684 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$308.19 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

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, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size5,055 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN10004790030210000
Lot Number21
SubdivisionLes Lacs Garden Homes
Land UseResidential
Legal DescriptionLES LACS GARDEN HOMES BLK C LOT 21 INT201900329767 DD12062019 CO-DC 0047900302100 31000479003
Census Tract013727
Assessed Land Value$100,000
Assessed Improvement Value$415,220
Assessment Year2025

About this property

Tucked beneath a magnificent canopy of mature live oak trees, 4040 Rive Lane offers a rare combination of privacy, tranquility and neighborhood connection in one of Addison’s most peaceful, tree canopied residential enclaves. With no through traffic, this may be one of the quietest residential settings in Addison, yet it is only five minutes from the Dallas North Tollway and Interstate 635. This beautifully updated home reflects significant investment inside and out, including interior and exterior painting, siding replacement, professional landscaping, and replacement windows and exterior doors for enhanced comfort and energy efficiency. Abundant natural light fills the home, while the primary bedroom conveniently located on the first floor provides comfortable everyday living. The exceptionally private backyard creates a peaceful outdoor retreat, while the expansive front patio offers an equally inviting place to relax, entertain or visit with neighbors beneath the tree lined streetscape. With no homeowners association, owners enjoy added flexibility without monthly HOA dues. Some of Addison’s most treasured amenities are within an easy walk. The Addison Athletic Club is available exclusively to Addison residents with no monthly dues and is located nearby, along with the neighborhood dog park and miles of interconnected walking and biking trails. Les Lacs Pond, a favorite neighborhood gathering place and peaceful destination for a walk, is also just a short stroll away. Quiet, beautifully improved and remarkably convenient, 4040 Rive Lane offers an uncommon lifestyle with a private, tree canopied retreat and quick access to Addison’s restaurants, parks, recreation and the major employment centers of North Dallas.

Investor Tools

$273,478Estimated Mortgage Balance
$274,166Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,276 /month
Positive
Cash Flow Estimate:
$1,092 /month

Interested in this property?

David Heape

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$828/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,201
$515,220
2025
$100,000
$415,220
$515,220
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,201
$515,220

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$305,350
No
First
Dec 16, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,478
$241,742
46%
50%
$1,831/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$1,831/mo
+$889/mo
6.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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4040 Rive Ln | Property Details | No Agent List