Nestled in Allen’s quiet and established Fountain Park neighborhood, this charming one-story home has been meticulously maintained and offers a spacious, inviting floor plan filled with character. Situated on a large, beautifully landscaped lot with front and backyard irrigation, this home offers generous room sizes and luxury vinyl plank flooring throughout the main living areas. The beautifully remodeled kitchen, completed in 2023, is a standout with quartz countertops, custom cabinetry with LED lighting, tile backsplash, new flooring, updated sink and stainless steel appliances including double ovens. The open layout is ideal for both everyday living and entertaining. Spacious bedrooms provide comfortable retreats, while the primary bath features an updated vanity. Additional improvements include a new American Standard HVAC system and energy-efficient sliding glass patio door in 2022, plus replacement of the original cast iron drain lines with modern plumbing in 2020. Step outside to enjoy the spacious backyard and patio, perfect for relaxing or entertaining. Conveniently located within walking distance of Allen ISD schools and near shopping, dining and everyday conveniences. Schedule a private showing today and don’t miss this wonderful Fountain Park home!
Geographical placement and outdoor living space take center stage at 507 Lake Ridge Dr. Positioned on an 8,712-square-foot lot, the fully fenced backyard features a sprinkler system, open patio, mature tree canopy, and seasonal butterfly gardens....
Alignment with highly ranked Allen ISD campuses—including Reed Elementary—enhances long-term neighborhood desirability. Logistically, swift access via McDermott Drive and Greenville Avenue connects quickly to Highway 75 (Central Expressway), placing local dining, Watters Creek retail, and Plano corporate centers within a short drive.
Fountain Park, located between Exchange Parkway and Bethany Drive, is a master-planned and residential Allen neighborhood with pocket parks and winding greenbelts. The neighborhood’s character concentrates around the Fountain Park pond and trail loop, where sidewalks, shade trees, and playground energy set the daily rhythm. Brick-and-stone homes with front-facing garages and tidy streetscapes give the area a cohesive, late-1990s-to-2000s North Texas look. The greenbelt paths stitch together small lakes, benches, and play areas, shaping a walk-and-roll routine. Nearby, Allen Arts Alliance and the Allen Heritage Village add a local culture layer beyond the subdivision grid.
Provided by Walk Score and Local Logic
Market insights
507 Lake Ridge Dr · $355,000
DAYS ON MARKET
30 days
The average home goes pending in 62 days.
SALE-TO-LIST
97.2%
Most homes are selling 3% below list price.
LIST PRICE
$355,000
Median sale price in this area is $468,463. (32% higher than this home)
PRICE DROP
1 price drop
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Decorative lighting
High-speed internet available
Walk-in closet(s)
Window coverings
Other interior features
Bedrooms
3 bedrooms (all on one level)
Bathrooms
2 full bathrooms
Kitchen
Built-in cabinets
Natural stone / granite countertops
Dishwasher
Disposal
Electric cooktop
Electric oven
Double oven
Microwave
Corian / solid surface countertop in at least one bathroom
Laundry & utility
Utility room with full-size washer/dryer area
Electric dryer hookup
Built-in cabinets in laundry
Flooring
Carpet
Laminate
Heating & cooling
Central heating (natural gas)
Fireplace heating (living room, wood burning and gas)
Central air
Electric cooling
Ceiling fan(s)
Exterior features
Gutters
Patio
Privacy wood fencing in back yard
Landscaped, level lot with large grassy backyard
Sprinkler system
Interior lot in a subdivision
Partially wooded; cleared and grassed areas
Home design
Single-family residence
One-story
Not attached to another property
Parking
Covered parking for 2 vehicles
2-car attached garage with rear-facing garage doors
Driveway
Private, secured garage with storage
Security
Smoke detector(s)
Carbon monoxide detector(s)
Construction
Brick exterior
Composition roof
Slab foundation
Built in 1973 (preowned)
Utilities
City water
City sewer
Electricity connected
Individual gas meter
Individual water meter
Cable available
Underground utilities
Municipal utility district: No
HOA & community
No homeowners association
Financial info
Accepts cash, conventional, FHA, and VA financing
Loan payment type: principal & interest
No second mortgage reported
Other
No known restrictions
No easements reported
Electricity and solar
View estimated energy costs and solar savings for this home
Charming, well maintained home on interior lot, fully sprinklered and beautifully landscaped, including a butterfly garden that transitions with seasons. Generously sized rooms w luxury vinyl plank flooring in all except bdrms w recent carpet. Nice, open floor plan - spacious living room features brick gas fireplace and is great for entertaining. Spacious kitchen w abundance of cabinets, double ovens, built-in microwave and opens to breakfast room w bay window. Large master has crown molding, WI closet, private bath, views of beautiful backyard gardens. 2nd and 3rd bdrms w WI closets are also quite large. New roof coming! Close to great schools, quick access to 75, 121, shopping!
The R-4 single-family residential districts are limited to development and use of single-family, detached dwellings, on lots of not less than the area specified in section 4.15.2, and appropriate for permitted principal and accessory uses identified in section 4.20.2 and section 4.20.3, respectively).
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Other
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 110° expected this year, 24 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Allen, TX • 75002
Average low and high temperatures (°F)
55
33
66
42
77
53
78
60
84
64
93
74
98
77
95
75
91
68
85
61
72
51
62
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Allen. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 507 Lake Ridge Dr
We cannot show automated home-value estimates for this home.
Nearby homes have recently listed between $325,000 and $429,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $325K to $429K.