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$325,000

685 Riverside Dr, Pipe Creek, TX, 78063

$407,028 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,700 Sq Ft
price_per_sqft$120.37 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

BankruptcyMust-SellARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
Heating CentralHeating Central
CoolingCooling
FlooringOther

Exterior

Lot Size1.66 acres

Building Information

Year Built1985
Stories1
Roof Type112

Land Information

APN167279
Lot Number2
SubdivisionRiver Oaks Ranch
Land UseResidential
Legal DescriptionRIVER OAKS RANCH BLK 2 LT 2 *WATERFRONT* 1.66 ACRES *TEX0318801/02*
Census Tract000101
Assessed Land Value$83,090
Assessed Improvement Value$60,980
Assessment Year2025

About this property

This is your chance to create something truly special. Perched high above the Medina River, this unique property offers incredible potential for the right buyer with vision. The home is partially renovated and ready for your finishing touches, with the set-up for 4 bedrooms, 3 bathrooms, vaulted ceilings, and a loft-style living area that adds character and charm. Set on over 1.6 acres, the land provides space, privacy, and stunning river frontage-perfect for a private retreat, weekend escape, or full-time residence. While it will require work, the setting alone makes this a rare opportunity to craft a one-of-a-kind property in an exceptional location.

Investor Tools

$0Estimated Mortgage Balance
$337,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$407,027
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

Interested in this property?

Ryan Hillyer

Jadestone Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$300/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,914
$144,070
2025
$83,090
$60,980
$144,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,914
$144,070

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$337,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,680/mo
N/A
+$1,680/mo
6.0%

City: Pipe Creek

685 Riverside Dr | Property Details | No Agent List