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$315,000

514 W Ridgewood Drive, Garland, TX, 75041

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,097 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.21 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range

Exterior

Exterior FeaturesPlayground, Garden
Lot Size10,183 sqft

Building Information

Year Built1955
Stories1
Roof Type105

Land Information

APN26485500100040000
SubdivisionRidgewood Estates
Land UseResidential
Legal DescriptionRIDGEWOOD ESTATES 1 BLK 10 LT 4 INT202300060187 DD03272023 CO-DC 4855001000400 1CG48550010
Census Tract018300
Assessment Year2025

About this property

UP TO $5K SELLER CONCESSION AVAILABLE FOR RATE BUY-DOWN OR CLOSING COST ASSISTANCE! This inviting ranch-style home blends classic charm with thoughtful modern updates. Set on a spacious lot with mature trees, this property offers a flexible floor plan filled with natural light and comfortable living spaces designed for everyday living and entertaining. Inside, the open layout creates an easy flow between the living area, dining space, and kitchen. Beautiful hardwood flooring and terracotta tile add character and warmth, while fresh interior paint enhances the bright and welcoming atmosphere. The spacious main living area provides plenty of room for gathering or relaxing, seamlessly connecting to the dining area and updated kitchen. Renovated in 2023, the kitchen features modern cabinetry, stainless steel appliances, and updated finishes, creating a stylish and functional space for cooking and hosting. Bedrooms offer comfortable proportions and generous closet space. The bathrooms have been updated with handcrafted ceramic tile flooring and refreshed finishes. A versatile secondary living space adds flexibility to the floor plan and features new LifeProof chevron flooring along with abundant storage, making it ideal for an additional living area, or home office setup. Step outside to a large fully fenced backyard that includes a playground area, open green space for pets or gardening, and a covered patio perfect for outdoor dining or entertaining. With plenty of room to expand, the space also offers excellent potential for adding a future deck or additional outdoor features. The location offers easy access to many local attractions and conveniences. Nearby Historic Downtown Garland features dining, shops, live music, and community events throughout the year. Outdoor enthusiasts will appreciate nearby Duck Creek Trail, Audubon Park, and Spring Creek Forest Preserve, offering scenic trails, playgrounds, and natural spaces for biking & recreation.

Investor Tools

Property Icon
$322,000
Estimated Property Value
$0Estimated Mortgage Balance
$90,831Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,932 /month
Positive
Cash Flow Estimate:
$644 /month

Interested in this property?

Billy Vaselo

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$246/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,346
$252,580
2025
N/A
N/A
$252,580
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,346
$252,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Fha
$245,471
Yes
First
Mar 27, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,169
$90,831
28%
72%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,472/mo
+$500/mo
7.3%

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: Garland

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514 W Ridgewood Drive | Property Details | No Agent List