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$229,000

512 Ridgemont Dr, Allen, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,303 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.75 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-1151-020-0030-1
Lot Number3
SubdivisionWindridge No 2 (Cal)
Land UseResidential
Legal DescriptionWINDRIDGE NO 2 (CAL), BLK 20, LOT 3
Census Tract031511
Assessed Land Value$100,000
Assessed Improvement Value$224,876
Assessment Year2025

About this property

RENOVATED! Don't miss this chance to live in an updated home with convenient access to HWY 75, Watters Creek shopping and restaurants, Greenville Ave, and in ALLEN ISD. UPDATES INCLUDE: carpet in bedrooms, flooring, fresh paint, white kitchen cabinets, lighting, granite counters, decorative kitchen backsplash, and more! You will love the fresh new look of this home and especially the open concept kitchen to living area. Large backyard includes a huge covered patio. Please do not disturb tenants.

Investor Tools

Property Icon
$324,876
Estimated Property Value
$210,622Estimated Mortgage Balance
$128,112Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,949 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$519/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,601
$324,876
2025
$100,000
$224,876
$324,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,601
$324,876

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of England
Fha
$210,622
Yes
First
Mar 16, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,764
$128,112
39%
61%
$1,309/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.

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: Allen

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512 Ridgemont Dr | Property Details | No Agent List