Lake Ridge Estates is bordered by Walnut Hill Lane on the north and Northwest Highway on the south.  The eastern boundary is Ferndale Road and the western boundary is Audelia Road. This neighborhood, with beautiful tree lined streets, is located in the Richardson Independent School District (RISD). Lake Highland's Elementary School sits on the corner of Ferndale Road and Lakemere Drive. During the school year, many parents can be seen walking their children to and from school.  The Parent Teacher Organization encourages neighborhood residents to participate in school activities, whether or not they have children in the school. 

Lake Ridge Estates is currently experiencing a significant upswing in real estate sales. The following is an overview of current market activity in the neighborhood:

• 5 Sold properties in the last 6 weeks, with an average Sales price of $249,000 and an average price per square foot of $122.24.
• 9 properties currently under contract.
• 12 Active listings ranging in price from $210,000 to $329,000, with a current average list price per square foot of $139.86.  The square footage of the active listings ranges from 1619-3524 square feet.

Buyers and Sellers have shared that they enjoy the location of the neighborhood within the City of Dallas, RISD Schools, the proximity to White Rock Park and shopping, and the birds chirping in the morning!

I welcome the opportunity to help you find your Lake Ridge Estate home!

There were 41 sales in Lake Ridge Estates in 2011, up from 35 in 2010.  The average sales price per square foot was down $7 from the average sales price per foot in 2010.

2011 Sales

Number of Sales                   41

High Sales Price                   $330,000

Low Sles Price                      $148,000

Average Sales Price              $246,037

Average Sales Price/Sq.Ft.    $122.85

Current Listings

Current Active Listings           9

High List Price                      $387,500

Low List Price                       $200,000

Average List Price/Sq.Ft.       $114.18

Low List Price/Sq.Ft.             $85.18

High List Price/Sq.Ft.            $138.00          

Active Option Contract       1

List Price                              $269,000

Based on the above market information, current active listings offer buyers a tremendous opportunity to purchase a home in Lake Ridge Estates.  At this time,  the average list price per square foot is less than the average 2011 sales price per square foot! This is a rare opportunity to take advantage of value prices and low interest rates.

Visit Lake Ridge Estates, if you are interested in living in the Lake Highlands area of Dallas!  

Lake Ridge Estates has 10 active listings, at this time.  The properties range in price from $164,900, for a property that has not been updates, to $387,500, for a property with updates.  The homes range in size from 1587 to 3524 square feet.

Currently, there are three homes under contract.

Over the last 6 months, Lake Ridge Estates has recorded 19 sales!  The sales prices averaged $127 per square foot.

This neighborhood is convenient to Lake Highlands Elementary School, major roads, White Rock Lake, and lots of shopping!

Fall 2011 Market Update for Lake Ridge Estates 

Over the past three months 10 homes have sold in the Lake Ridge Estates Neighborhood in northeast Dallas.  The sales ranged in price from $163,000 to $244,000, with an average price per foot of $122.00.

In addition, 4 additional homes are under contract.

The 16 homes currently on the market in this popular neighborhood range in price from $175,000 to $399,000. 

2010

Last year, there were also 16 houses on the market. Sales from September 2010 through November 2010 totaled 5, with an average price per square foot of $139,00.

Summary

Sales prices decreased from an average price of $139 per foot to $122 per foot.  The lower prices resulted in a 100% increase in the number of sales during the fall of 2011 versus the fall of 2010!  

Lake Ridge Estates offers buyers an excellent opportunity to purchase a Dallas home in the Richardson ISD.

I look forward to showing you one or all of the 16 homes waiting for the perfect buyer!

 Lake Ridge Estates

Home buyers often ask me to show them homes in "real" neighborhoods.  One of my favorite "real" neighborhoods is located in the Lake Highlands area of Dallas.  Lake Ridge Estates North is bordered by Walnut Hill Lane on the north and McCree Road on the south, Audelia Road on the west and Ferndale Road on the east.  The homes were built in the 1950s and 1960s and are nestled among the neighborhood's mature trees. Some are situated on hills. You can ride your bike on the nearby White Rock Trail south to the northern tip of White Rock Lake. LBJ Freeway is just to the north, for easy access to other major roads.  I have found that during times of peak traffic the secondary streets, such as Audelia Road, Walnut Hill Lane and Northwest Highway are a great alternative to the expressways.  There is a DART Station approximately two miles away.

Although the neighborhood is located in the City of Dallas, the neighborhood schools are part of the Richardson Independent School District (RISD).  Many children walk to the neighborhood school: Lake Highlands Elementary School.

Neighbors are invited to join the Lake Ridge Estates North Neighborhood Association (LRENNA), a voluntary homeowner's association that costs $15.00 a year!  LRENNA was formed to help neighbors get to know one another, with the belief that good communication among neighbors lessens the possibility of crime in a neighborhood.  The Lake Highlands Area Early Childhood PTA (LHAECPTA) also welcomes new members and volunteers. I get the feeling of a "real old fashioned neighborhood" when I drive into the area. Children are playing, families are walking and riding bikes, and family pets are enjoying the sights, scents and sounds, which include blue jays, mockingbirds, robins and cardinals.

I recently listed a home located at 10045 Lakemere Drive that has a floor plan that flows well from area to area.  The kitchen is open to the breakfast room and informal living area. The formal living and dining areas are combined.  The kitchen and two baths have been remodeled and the floors are hardwood and ceramic tile. The outdoor areas are perfect for entertaining.  This house is listed for $259, 900.

10045 Lakemere