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$1,050,000

14 Mills Lane, Richards, TX, 77873

$1,365,000 ARVInfo
On MarketInfo
Beds7 Beds
Baths4 Bath
Baths4,940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.55 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator, Water Purifier
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size25.14 acres

Building Information

Year Built1984
Stories2
Roof Type105
Garage Spaces2

Land Information

APN18747
Lot Number2
SubdivisionMcgary J A (A-369)
Land UseResidential
Legal DescriptionMCGARY J A (A-369), TRACT 5, ACRES 25.14, AKA LOT 2 AKA LOT 2
Census Tract790301
Assessed Land Value$410,490
Assessed Improvement Value$556,780
Assessment Year2025

About this property

Escape to your own private 25-acre estate. This impressive fully renovated 5,200SF home features 7 bedrooms and 4 full baths, including dual primary suites and separate office space/additional living area. The open concept home is filled with character and craftsmanship - exposed wood beams, antique doors, and historic architectural details. Expansive living areas, gameroom, large walk-in closets, and flexible spaces create comfort and functionality. Beautifully maintained landscaping surrounding home is equally impressive with cross-fenced pastures, sports court, chicken coop, storage container and barn perfect for equipment, workshop or added storage. Additional upgrades include NEW ROOF, HVAC, water heater, electrical, insulation, breaker panel and septic along with reverse osmosis water system and fiber internet. Enjoy the perfect balance of peaceful country living with quick access to Huntsville and Conroe offering the perfect blend of privacy and convenience. Video tour available

Investor Tools

$505,569Estimated Mortgage Balance
$544,431Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,365,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

Interested in this property?

Jennifer Guinn

Creighton Realty Partners, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$438/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$967,270
2025
$410,490
$556,780
$1,069,430
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$967,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$535,000
Yes
First
May 9, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$505,569
$544,431
51%
48%
$3,208/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$3,208/mo
$-982/mo
2.5%

City: Richards