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$399,900

607 N Parkridge Dr, Mansfield, TX, 76063

$456,324 ARVInfo
Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths2,117 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.9 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Linoleum, Simulated Wood

Exterior

Lot Size29,603 sqft

Building Information

Year Built1969
Stories1
Garage Spaces2

Land Information

APN31740-1-5R
Lot Number5R
SubdivisionParkridge Estates (Mansfield)
Land UseResidential
Legal DescriptionPARKRIDGE ESTATES (MANSFIELD) BLOCK 1 LOT 5R
Census Tract111308
Assessed Land Value$115,274
Assessed Improvement Value$178,535
Assessment Year2025

About this property

This meticulously maintained, single-story home features a functional three-bedroom, two-bathroom floor plan. The layout includes an eat-in kitchen updated with granite countertops and white appliances, a dedicated office, two separate living areas, and a charming brick fireplace. Notably, one of the current bedrooms was previously two separate rooms and could easily be converted back should you require a fourth bedroom. The property offers a fantastic opportunity to move in immediately and later customize finishes to your personal taste. Situated on an expansive lot with a large backyard, the home provides the tranquil environment Park Ridge Estates is known for, while maintaining convenient access to major highways, grocery stores, restaurants, and retail. Additionally, the neighborhood is zoned within the prestigious Mansfield ISD, which maintains a stellar reputation for both academics and extracurriculars.

Investor Tools

$0Estimated Mortgage Balance
$396,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$456,324
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$949
$293,809
2025
$115,274
$178,535
$293,809
No

Tax History

Year
Tax Paid
Assessed Value
2025
$949
$293,809

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$382,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
N/A
+$2,420/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.

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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: Mansfield

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607 N Parkridge Dr | Property Details | No Agent List