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$345,000

831 S Ridgeway Dr, Cleburne, TX, 76033

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,794 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.31 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal, Electric Cooktop, Electric Oven

Exterior

Lot Size14,039 sqft

Building Information

Year Built1978
Garage Spaces2

Land Information

APN126.3087.01198
Lot Number18
Land UseResidential
Legal DescriptionLOT 18,S 10FT 17 BLK 5 WILLOW CREEK
Census Tract131000
Assessed Land Value$65,000
Assessed Improvement Value$243,854
Assessment Year2025

About this property

Welcome to this beautifully maintained home in the highly sought-after Willow Creek subdivision. Sitting on an oversized lot with mature trees, this property blends comfort and functionality all in one. One of the standout features is the side-facing 2-car garage and extended driveway with side gate access to backyard offering the perfect setup for storing boats, RVs, trailers securely inside the fenced backyard. Step outside, and you’ll discover why this home is truly a retreat. The backyard is designed for both relaxation and entertaining, featuring a sparkling swimming pool with a large pool deck, a covered patio and area for a bar. A brand-new metal shed with concrete flooring offers endless possibilities—whether you need a workshop, hobby space, convert it into a perfect pool cabana, or even a man cave. This backyard paradise is ready to host gatherings or serve as your own private getaway. Inside, the home has been meticulously cared for and thoughtfully renovated, featuring an inviting layout with a split floor plan. A second primary suite (or spacious guest suite) comes complete with a full bathroom and walk-in closet—perfect for multi-generational living. The main primary suite is a showstopper with two walk-in closets, dual vanities, a spa-like walk-in shower, and even a sauna that can function as either a steam or red-light sauna. This home is just minutes from schools, shopping, and dining, making it the perfect blend of convenience and comfort. This home has been thoughtfully maintained with major updates already taken care of for peace of mind. In 2025, the roof was replaced with 50-year shingles, new gutters, and solar attic vents. The HVAC system heating and cooling was replace in 2018, replaced gas water heater in 2019, all kitchen appliances replaced in 2020. The primary bathroom shower was beautifully remodeled in 2024, and the foundation was repaired in 2017 and comes with lifetime warranty and full documentation available.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$338,751Estimated Mortgage Balance
$0Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,050
$308,854
2025
$65,000
$243,854
$308,854
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,050
$308,854

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
All Western Mortgage Inc
Fha
$338,751
Yes
First
Nov 3, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,874
N/A
0%
101%
$2,092/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$2,092/mo
$-165/mo
6.8%

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: Cleburne

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831 S Ridgeway Dr | Property Details | No Agent List