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$447,000

NAL Estimated Property Value

4573 Highridge Drive, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,008 Sq Ft
price_per_sqft$176.79 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListHigh 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 Range, Microwave, Plumbed For Ice Maker
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size6,656 sqft

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR191692
Lot Number20
SubdivisionRidgepointe Ph 2-B
Land UseResidential
Legal DescriptionRIDGEPOINTE PH 2-B BLK K LOT 20
Census Tract021518
Assessed Land Value$93,184
Assessed Improvement Value$330,347
Assessment Year2025

About this property

**OFFER DEADLINE OF MIDNIGHT SATURDAY, JUNE 19.**Beautifully updated, move-in ready home with upgrades galore! Kitchen includes gorgeous granite, white cabinets, farm sink and stainless steel appliances. Other features include wood like porcelain tile throughout the home and new carpet in the secondary bedrooms, 8 ft privacy fence with covered patio, upgraded light fixtures throughout, and updated paint colors. This spacious floorplan includes split bedrooms, a study that could be used as a 4th bedroom, breakfast area, and a formal dining room that makes for great flex space. You can't beat this location - only minutes to 121, the Grandscape entertainment district, Shops at Legacy, and Lake Lewisville!

Investor Tools

Property Icon
$447,000
Estimated Property Value
$293,839Estimated Mortgage Balance
$153,161Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,682 /month
Positive
Cash Flow Estimate:
$894 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$709/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,271
$423,500
2025
$93,184
$330,347
$423,531
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,271
$423,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$323,000
No
First
Aug 31, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,839
$153,161
34%
66%
$1,937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$1,937/mo
+$1,123/mo
8.2%

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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4573 Highridge Drive | Property Details | No Agent List