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$312,250

517 Ridgemont Dr, Allen, TX, 75002

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,377 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.76 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesAwning(s)

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-1151-018-0320-1
Lot Number32
SubdivisionWindridge No 2 (Cal)
Land UseResidential
Legal DescriptionWINDRIDGE NO 2 (CAL), BLK 18, LOT 32
Census Tract031511
Assessed Land Value$100,000
Assessed Improvement Value$178,354
Assessment Year2025

About this property

Welcome home to this beautifully maintained property offering generous and versatile living spaces designed for today's lifestyle. Lovingly cared for by its owners of over 30 years, pride of ownership is evident throughout, including a new roof installed in November 2025 and GutterMaxx seamless gutters installed in February 2026. In addition to the stated square footage, you'll enjoy 2 valuable heated and cooled bonus spaces, including a versatile room that can serve as a family room, playroom, home office, or craft room. A climate-controlled enclosed patio provides even more year-round living and entertaining space for family gatherings and special occasions. Just around the corner, you'll find a neighborhood playground, and the home is within walking distance of Boyd Elementary. Conveniently located near US-75 and the President George Bush Turnpike, you'll enjoy easy access to abundant shopping, dining, and everyday conveniences. The spacious floor plan provides flexibility for entertaining, working from home, or simply relaxing in comfort. As an added bonus, the refrigerator and two storage sheds convey with the property, making your move even easier. The garage was previously converted into additional heated and cooled living space. According to the Executor, garage door components and related hardware may be stored in the attic. Buyers should independently verify the feasibility and requirements of converting the space back to a garage if desired. Buyer and Buyer's Agent to confirm all provided information.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$55,100Estimated Mortgage Balance
$279,715Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,874 /month
Positive
Cash Flow Estimate:
$625 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$460/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$278,354
2025
$100,000
$178,354
$278,354
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$278,354

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Norwest Mtg
Va
$55,100
Yes
First
Nov 23, 1993
Dec 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$12,285
$279,715
95%
4%
$182/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.

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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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517 Ridgemont Dr | Property Details | No Agent List