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$150,000

6503 Ridgecrest Road 109I, Dallas, TX, 75231

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths893 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$167.97 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Tankless Water Heater, Vented Exhaust Fan

Exterior

Lot Size22,725 sqft

Building Information

Year Built1980
Stories2
Roof Type105

Land Information

APN00000368233260000
Lot Number4-5
SubdivisionRidge Condos
Land UseResidential
Legal DescriptionRIDGE CONDOS BLK 5/5217 LOTS 4 & 5 UNIT 109-I 0.05352% CE INT202200078531 DD03182022 CO-DC 5217 005 004 3005217 005
Census Tract007832
Assessed Land Value$18,240
Assessed Improvement Value$117,440
Assessment Year2025

About this property

Move-in ready! This spacious two-story condo offers stylish updates, flexible living spaces, and a convenient location near NW Highway and Abrams. The inviting living room features soaring vaulted ceilings and a cozy fireplace, creating a comfortable setting for relaxing or entertaining. The entry level includes a versatile den or home office with an adjoining half bath and access to a private patio, providing additional space to suit a variety of needs. Upstairs, enjoy an added balcony, perfect for taking in the fresh air. Extensive recent improvements include a new sprinkler system, tankless water heater, sinks, bathtub, and custom imported fixtures that add a distinctive touch throughout the home. This residence also offers the added privacy of being the only condo in the community with its own private fenced outdoor area. The HOA covers maintenance of the grounds and structure, management fees, sewer, trash, water, and utilities, helping simplify day-to-day living. 3D tour available online. Please note this is a non-warrantable condominium and is available for cash buyers only. The washer and dryer are not included in the sale but may be purchased separately for $1,500. When visiting the property, the condo is the last unit on the right. Don't miss this beautifully updated home in a convenient location with easy access to shopping, dining, and major roadways.

Investor Tools

Property Icon
$222,000
Estimated Property Value
$0Estimated Mortgage Balance
$109,263Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

Interested in this property?

Randall Potz

Redfin Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
$299/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,157
$135,680
2025
$18,240
$117,440
$135,680
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,157
$135,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Commercial
$117,900
No
First
Jan 16, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,737
$109,263
49%
51%
$707/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$1,006/mo
+$320/mo
7.2%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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6503 Ridgecrest Road 109I | Property Details | No Agent List