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$414,730

NAL Estimated Property Value

700 Summit Ridge, Lewisville, TX, 75077

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,994 Sq Ft
price_per_sqft$168 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,080 sqft

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR169832
Lot Number28
SubdivisionThe Summit Ph 2
Land UseResidential
Legal DescriptionTHE SUMMIT PH 2 BLK A LOT 28
Census Tract021716
Assessed Land Value$83,072
Assessed Improvement Value$331,658
Assessment Year2025

About this property

BEAUTIFUL AND SPACIOUS home is LIKE-NEW with so many updates...hurry, this one won't last long! This charming home on an over-sized corner lot welcomes you home with an open floor plan perfect for entertaining. Fully updated master bath, new roof, new AC, freshly painted interior and all new flooring throughout entire home...the updates are endless! Gorgeous family room overlooks extended back patio and large backyard. The spacious kitchen is every chef's dream complete with built in desk area and over-sized island. Start your day with a cup of coffee on the extended covered front porch or relax at the end of the day in the luxurious master suite. This home truly has it ALL and is a MUST SEE!!

Investor Tools

Property Icon
$414,730
Estimated Property Value
$320,979Estimated Mortgage Balance
$93,751Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,488 /month
Positive
Cash Flow Estimate:
$829 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$670/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,967
$414,730
2025
$83,072
$331,658
$414,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,967
$414,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Capital Bank Ssb
Fha
$324,022
Yes
First
Apr 22, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,979
$93,751
22%
77%
$2,122/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$2,122/mo
+$338/mo
7.1%

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: Lewisville

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