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$297,000

1322 Sand Stone Dr, Richmond, TX, 77406

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,233 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.03 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,210 sqft

Building Information

Year Built1982
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3780-03-016-0160-901
Lot Number16
SubdivisionThe Grove Sec 3
Land UseResidential
Legal DescriptionTHE GROVE SEC 3, BLOCK 16, LOT 16
Census Tract673600
Assessed Land Value$47,710
Assessed Improvement Value$218,835
Assessment Year2025

About this property

Just in time for school! Wonderful family home meticulously maintained by the original owners. Pride of ownership abounds. Located on a cul d sac street and shaded by a stately trees. The pool sized back yard is an oasis with lush landscaping that welcomes outdoor entertaining. The owners made repairs and updates over the years including high impact double pane efficient windows, total kitchen makeover, roof, and HVAC. Easy bike ride to elementary school and close to major commuter routes. The primary suite is downstairs with 2 bedrooms and a huge game room upstairs. Owner states that the house has never flooded and did not have any freeze damage.

Investor Tools

Property Icon
$297,000
Estimated Property Value
$272,500Estimated Mortgage Balance
$48,157Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$266,545
2025
$47,710
$218,835
$266,545
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$266,545

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Va
$272,500
Yes
First
Oct 7, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,843
$67,157
21%
84%
$1,634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$1,834/mo
+$906/mo
11.1%

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.

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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: Richmond

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1322 Sand Stone Dr | Property Details | No Agent List