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$741,945

NAL Estimated Property Value

703 Ridgmar Rd, Leander, TX, 78641

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,533 Sq Ft
price_per_sqft$472.93 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Free Standing Gas Range, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Range Hood, Trash Compactor
FlooringLaminate, Tile, Vinyl

Exterior

Exterior FeaturesLighting, No Exterior Steps, Private Entrance, Private Yard
Lot Size2.02 acres

Building Information

Year Built1987
Stories1

Land Information

APNR-17-W339-7002-0020-A004
Lot Number20
SubdivisionRidgmar Landing
Land UseResidential
Legal DescriptionRIDGMAR LANDING RESUB OF LOT 20 BLK 2, LOT 20A, ACRES 2.02
Census Tract020339
Assessed Land Value$415,832
Assessed Improvement Value$326,113
Assessment Year2025

About this property

Treed ranch Oasis in the heart of booming Leander! This beautiful Ranch style house with wrap around porch is 200ft from the road with a thick tree line making it perfect for privacy. Step out of the city and into a tranquil gated oasis surrounded by trees. This home is on 2.02 acres, plenty of elbow room from your neighbors. Gated Entry and fencing around the entire property. Enjoy gardening with existing raised beds. Large shed for storage or workshop needs. Home interior has fresh paint and is ready for move in. Open living room with beamed vaulted ceiling and plenty of natural light. The cozy limestone fireplace is the heart of the home. Kitchen and dining rooms have plenty of natural light as well. Lots of cabinet space in the kitchen with 2 stoves, a dishwasher and a trash compactor. Primary bedroom has his and hers closets. Both bathrooms have double vanities. Very close to Wiley middle school and Rouse high school. Easy access to either HWY 183A or Ronald Reagan Blvd. This is an amazing property, just needs your personal touch.

Investor Tools

Property Icon
$741,945
Estimated Property Value
$589,747Estimated Mortgage Balance
$153,090Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,452 /month
Positive
Cash Flow Estimate:
$1,484 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,356
$741,945
2025
$415,832
$326,113
$741,945
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,356
$741,945

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$598,500
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$589,747
$152,198
20%
79%
$3,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,500/mo
$3,589/mo
$-1,089/mo
4.0%

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: Leander

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703 Ridgmar Rd | Property Details | No Agent List