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$568,000

NAL Estimated Property Value

1507 Majors Drive, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,374 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.12 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Water Purifier
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,368 sqft

Building Information

Year Built2017
Garage Spaces1

Land Information

APN8005-00-002-0080-901
Lot Number8
SubdivisionThe Terrace At Pecan Grove
Land UseResidential
Legal DescriptionTHE TERRACE AT PECAN GROVE, BLOCK 2, LOT 8
Census Tract673600
Assessed Land Value$60,060
Assessed Improvement Value$439,924
Assessment Year2025

About this property

You can have it all--the Pecan Grove sense of community and low tax rate with the energy efficiency and updated design details of a Westin home. This 4 bedroom, 3.5 bath home in The Terrace at Pecan Grove offers many extras, including designer light fixtures, hickory floors, a purified water system, reverse osmosis system, shutters, automatic blinds, and more! The Bellagio floor plan features a two-story library/study off the impressive rotunda entryway. Primary suite and a half bath are downstairs; three bedrooms and two full bathrooms are upstairs. The backyard is the perfect place to relax or entertain, with a covered patio, and lush landscaping, and a water feature. Outdoor kitchen equipment and kitchen refrigerator with built-in Keurig to remain with the home. Come see this beauty, soon!

Investor Tools

Property Icon
$568,000
Estimated Property Value
$432,681Estimated Mortgage Balance
$135,319Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,408 /month
Positive
Cash Flow Estimate:
$1,136 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$479/month
$209/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,908
$499,984
2025
$60,060
$439,924
$499,984
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,908
$499,984

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$466,000
No
First
Jul 28, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,681
$135,319
23%
76%
$2,794/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$3,003/mo
$-263/mo
5.8%

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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1507 Majors Drive | Property Details | No Agent List