




$373,000
NAL Estimated Property Value507 Lake Ridge Drive, Allen, TX, 75002
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About this property
Charming, well maintained home on interior lot, fully sprinklered and beautifully landscaped, including a butterfly garden that transitions with seasons. Generously sized rooms w luxury vinyl plank flooring in all except bdrms w recent carpet. Nice, open floor plan - spacious living room features brick gas fireplace and is great for entertaining. Spacious kitchen w abundance of cabinets, double ovens, built-in microwave and opens to breakfast room w bay window. Large master has crown molding, WI closet, private bath, views of beautiful backyard gardens. 2nd and 3rd bdrms w WI closets are also quite large. New roof coming! Close to great schools, quick access to 75, 121, shopping!
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Allen
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