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$525,000

137 Fm 359 Rd, Richmond, TX, 77406

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,994 Sq Ft
Year BuiltBuilt in 1984

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.68 acres

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0062-00-032-0050-901
SubdivisionWm Morton
Land UseResidential
Legal Description0062 WM MORTON, TRACT 5, ACRES 2.68
Census Tract673401
Assessed Land Value$151,155
Assessed Improvement Value$21,573
Assessment Year2025

About this property

This 2.68-acre property in Richmond, Texas presents a rare opportunity for residential or commercial use. Just a quarter mile from the intersection of FM 359 and Highway 90, it offers excellent accessibility while retaining a private, partially wooded setting. The lot sits along a mixed-use road with both residential homes and commercial developments, providing flexibility for a custom estate, private retreat, or business venture. Its prime location also places you within an easy reach of Sugar Land, Houston, Fulshear, Katy, and Rosenberg, an advantage for commuters and investors alike. With strong growth and development in the area, this property combines convenience, versatility, and long-term potential.

Investor Tools

$12,264Estimated Mortgage Balance
$507,736Estimated Equity
97% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Slate Dylla

The Sears Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,710
$172,728
2025
$151,155
$21,573
$172,728
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,710
$172,728

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texans Cu
Unknown
$25,000
No
First
Nov 7, 2006
Dec 2011

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$12,264
$507,736
97%
2%
$150/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$150/mo
+$1,970/mo
4.9%

City: Richmond