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$308,283

NAL Estimated Property Value

114 Richard Ln, Red Oak, TX, 75154

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,042 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.16 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,638 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APN72.3635.902.009.00.111
Lot Number9
SubdivisionEastridge South Ph I
Land UseResidential
Legal DescriptionLOT 9 BLK B EASTRIDGE SOUTH PH I .1983 AC
Census Tract060207
Assessed Land Value$55,000
Assessed Improvement Value$253,283
Assessment Year2025

About this property

Welcome home to this Gorgeous 3 bedroom home with a study. Wood floors flow easily from the foyer and formal areas into the family room. Entertain around the large breakfast bar and display your festive dishes or charcuterie board on the island. Enjoy a movie around the fireplace or move your guest to the large backyard. The private oasis has an 8 foot fence. Soak your worries away in the garden tub in the Primary Bathroom. This home shows like a model. Crown molding wraps the ceilings and a recessed area in the entryway is ready for your prized art piece. Loads of storage and extra parking this home is waiting for a new owner. Come make new memories here.

Investor Tools

Property Icon
$308,283
Estimated Property Value
$249,315Estimated Mortgage Balance
$58,968Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$672/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,520
$308,283
2025
$55,000
$253,283
$308,283
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,520
$308,283

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Summit Funding Inc
Conventional
$260,000
No
First
Feb 22, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,315
$58,968
19%
81%
$1,591/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,711/mo
+$369/mo
8.1%

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.

Explore Texas Explore This Area
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: Red Oak

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114 Richard Ln | Property Details | No Agent List