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$413,333

709 Ridgemont Dr, Allen, TX, 75002

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,155 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.6 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1991
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-2135-00D-0260-1
Lot Number26
SubdivisionCottonwood Bend North Phase I (Cal)
Land UseResidential
Legal DescriptionCOTTONWOOD BEND NORTH PHASE I (CAL), BLK D, LOT 26
Census Tract031424
Assessed Land Value$150,000
Assessed Improvement Value$263,333
Assessment Year2025

About this property

Great price on a great home in a great location! 4 bedroom 2.5 bathroom home with 2 living areas, formal dining and eat in kitchen with island. Family room features a gas starter fireplace. Laminated wood floors in dining and living areas. All 4 of the spacious bedrooms are upstairs. Fresh paint throughout. NEW ROOF May 2020. NEW WATER HEATER July 2020. This one will not last long. Price reflects updates needed. Close to Hwy 75, restaurants and shopping. Hurry! OFFER DEADLINE FOR HIGHEST AND BEST IS NOON (12pm) MONDAY JULY 27th.

Investor Tools

Property Icon
$413,333
Estimated Property Value
$194,925Estimated Mortgage Balance
$239,803Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,480 /month
Positive
Cash Flow Estimate:
$827 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$776/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,248
$413,333
2025
$150,000
$263,333
$413,333
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,248
$413,333

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$194,925
No
First
Sep 8, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,530
$239,803
58%
42%
$1,169/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,169/mo
+$2,181/mo
9.7%

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: Allen

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709 Ridgemont Dr | Property Details | No Agent List