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$3,900

409 Ridgelake Scenic Dr, Montgomery, TX, 77316

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,096 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.26 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size1.10 acres

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces3

Land Information

APN8271-03-09900
Lot Number99
SubdivisionRidgelake Shores 03
Land UseResidential
Legal DescriptionRIDGELAKE SHORES 03, BLOCK 1, LOT 99
Census Tract694503
Assessed Land Value$126,500
Assessed Improvement Value$510,673
Assessment Year2025

About this property

Lease to Purchase Opportunity! Nestled in the tranquil Edgewater section of Ridge Lake Shores, this charming home sits on a peaceful cul-de-sac, offering 4 bedrooms, 3.5 bathrooms, study, game room and a 3-car garage. For added privacy, this amazing property backs to a semi-private 5 acre reserve! Boasting stunning cedar wood accents and a cozy gas log fireplace, the open floor plan exudes warmth and character. The kitchen, living room, and patio are all equipped with surround sound, perfect for entertaining. The gourmet kitchen features granite countertops and high end appliances. The primary en-suite includes a luxurious tub, separate shower, dual sinks, and a large walk-in closet. Enjoy serene views of wildlife from your covered patio. Great community with parks and two fishing lakes. Enjoy nearby shopping and restaurants in this growing area. Negotiated terms will be drawn up by an attorney.

Investor Tools

$431,837Estimated Mortgage Balance
$212,793Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,858 /month
Positive
Cash Flow Estimate:
$1,286 /month

Interested in this property?

Jill Daniels

Grand Terra Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$958/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,277
$637,173
2025
$126,500
$510,673
$637,173
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,277
$637,173

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$472,000
No
First
Dec 6, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$431,837
$240,163
35%
67%
$2,830/mo

City: Montgomery

409 Ridgelake Scenic Dr | Property Details | No Agent List