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$500,000

4500 Lake Ridge Drive, The Colony, TX, 75056

$650,000 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,053 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.37 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListARV FlipHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size9,113 sqft

Building Information

Year Built1992
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR163965
Lot Number1
SubdivisionLake Ridge Estates (Lewisville)
Land UseResidential
Legal DescriptionLAKE RIDGE ESTATES (LEWISVILLE) BLK B LOT 1
Census Tract021518
Assessed Land Value$128,418
Assessed Improvement Value$490,393
Assessment Year2025

About this property

Completely and tastefully updated home with TONS of space for your family where you can just move on in! Home is situated on a lot for complete privacy on greenbelt and backs up to core of engineer and walking trails to lake! All new flooring, new AC units, new roof, new lighting, new fixtures and can go on and on! Kitchen is a chefs dream! Granite counters, large island, built in microwave-convection oven and a wine cooler! Upstairs has 3 large bedrooms plus 2 additional rooms that could be living-game-media Utility has sink plus room for refrig. Backyard has a new deck with bench seating plus tons of grass on corner lot!You will not want to miss this home....you will fall in love the minute you walk in!!!

Investor Tools

Property Icon
$655,000
Estimated Property Value
$0Estimated Mortgage Balance
$265,626Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$650,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,930 /month
Positive
Cash Flow Estimate:
$1,310 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,102/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,952
$618,811
2025
$128,418
$490,393
$618,811
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,952
$618,811

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$436,500
No
First
Oct 22, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,374
$265,626
40%
59%
$2,618/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$2,618/mo
$-278/mo
4.3%

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.

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: The Colony

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