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$412,000

NAL Estimated Property Value

428 Timber Ridge Road, Graham, TX, 76450

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$243.3 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Exterior FeaturesDock, Rain Gutters
Lot Size1.61 acres

Building Information

Year Built2005
Garage Spaces2

Land Information

APN17515
Lot Number21,22
Land UseResidential
Legal DescriptionTIMBER RIDGE LAKE - EAST PT OF LOT 21 & WEST PT OF LOT 22
Census Tract950401
Assessed Land Value$80,500
Assessed Improvement Value$304,810
Assessment Year2025

About this property

Stunning waterfront home located on a beautifully landscaped 1.6 acre lot in the highly sought after Timber Ridge addition. This thoughtfully updated 3 bedroom, 2.5 bath property offers private lake frontage with a dock on Timber Ridge Lake, surrounded by mature oak trees and breathtaking views that create a peaceful, park like setting. Designed with both comfort and entertaining in mind, the home features an open and inviting layout filled with natural light from expansive double pane windows throughout. The spacious family room showcases a beautiful wood burning fireplace and panoramic lake views, seamlessly flowing into the dining area and remodeled kitchen. The kitchen features stainless steel KitchenAid appliances, a generous breakfast area, and an oversized island with sink and abundant storage. The private primary suite offers serene outdoor views, direct outside access, and a beautifully remodeled ensuite bath complete with dual vanities, a large walk in shower, and an oversized walk in closet. Additional highlights include ceiling fans and charming dormer windows throughout the home. Step outside to enjoy the impressive 42’ x 24’ patio shaded by towering oak trees, the perfect place to relax or entertain while overlooking the lake. The property also includes a 30’ x 20’ workshop or storage building with both overhead and walk through doors. Recent improvements include updated AC and water heater in 2021, composition roof replaced within the last five years, leaf gutters installed, and recently sodded front and back yards with sprinkler system. A stone paved circular driveway adds timeless curb appeal, while the quiet, low traffic neighborhood provides a peaceful retreat just minutes from town. Rarely does a property combine this level of privacy, natural beauty, and modern comfort in such a desirable lakefront location.

Investor Tools

Property Icon
$412,000
Estimated Property Value
$155,590Estimated Mortgage Balance
$256,410Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,270 /month
Positive
Cash Flow Estimate:
$1,090 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$567/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,750
$385,310
2025
$80,500
$304,810
$385,310
No

Tax History

Year
Tax Paid
Assessed Value
2022
$4,750
$385,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$180,000
No
First
Sep 4, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,590
$256,410
62%
38%
$1,080/mo

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: Graham

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428 Timber Ridge Road | Property Details | No Agent List