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$485,000

4508 Lake Ridge Dr, The Colony, TX, 75056

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,515 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.84 / sqft
Year BuiltBuilt in 1992

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
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Double Oven
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard
Lot Size7,802 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR163967
Lot Number3
SubdivisionLake Ridge Estates (Lewisville)
Land UseResidential
Legal DescriptionLAKE RIDGE ESTATES (LEWISVILLE) BLK B LOT 3
Census Tract021518
Assessed Land Value$78,010
Assessed Improvement Value$412,239
Assessment Year2025

About this property

Space, privacy, and a private pool come together in this recently updated single-story home in Lake Ridge Estates. Offering 2,515 square feet, 4 bedrooms, and 3 full baths, the well-designed floor plan provides plenty of flexibility for everyday living, entertaining, working from home, or accommodating guests. Updated finishes and fixtures give the home a fresh feel, while the fireplace adds warmth and character to the main living space. Step outside to a backyard designed for relaxing and entertaining, complete with a private pool and an exceptional setting. The property backs directly to U.S. Army Corps of Engineers land, providing added privacy with no homes directly behind you. Lake Lewisville is just beyond, putting outdoor recreation, trails, lake activities, and scenic surroundings close at hand. Walking trails at end of road to the lake. Located in The Colony with convenient access to shopping, dining, entertainment, and major thoroughfares, this home offers a hard-to-find combination of a single-story design, generous square footage, 4 bedrooms, 3 full baths, a private pool, recent updates, and a backyard setting that truly sets it apart.

Investor Tools

$14,960Estimated Mortgage Balance
$477,040Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,952 /month
Positive
Cash Flow Estimate:
$984 /month

Interested in this property?

Beth Caudill

eXp Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,422
$469,478
2025
$78,010
$412,239
$490,249
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,422
$469,478

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Home Loans
N/A
$95,000
N/A
First
Jul 15, 1999
Aug 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,960
$454,518
96%
3%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
N/A
+$3,060/mo
7.5%

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: The Colony

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4508 Lake Ridge Dr | Property Details | No Agent List