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$308,000

NAL Estimated Property Value

1606 Merulana Ln, Richmond, TX, 77406

$327,078 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,778 Sq Ft
price_per_sqft$179.97 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size5,998 sqft

Building Information

Year Built2024
Garage Spaces1

Land Information

APN7222-03-002-0310-901
Lot Number31
SubdivisionSorrento Sec 3
Land UseResidential Inventory
Legal DescriptionSORRENTO SEC 3, BLOCK 2, LOT 31
Census Tract673300
Assessed Land Value$60,000
Assessed Improvement Value$61,264
Assessment Year2025

About this property

Welcome to the Gaven plan by D.R. Horton, located in the highly sought-after community of Sorrento! with almost 1800 square feet, this home offers spacious one story, open concept living. With 4 bedrooms and 2 full baths, this is a great opportunity for those downsizing or upgrading. The kitchen and living room open up to each other and feature Silestone countertops, stainless steel appliances, and a beautiful view of the back yard and covered patio. Nimbus Oak REVWood floors can be seen throughout the home. The traditional exterior features an elegant brick and stone exterior. Sorrento is the place to be, with great community amenities and great location in the growing city of Richmond! *Images and 3D tour are for illustration only and options may vary from home as built.

Investor Tools

Property Icon
$308,000
Estimated Property Value
$308,981Estimated Mortgage Balance
$1,019Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$327,078
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$957
$121,264
2025
$60,000
$61,264
$121,264
No

Tax History

Year
Tax Paid
Assessed Value
2025
$957
$121,264

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Va
$315,000
Yes
First
Apr 22, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,981
$1,019
0%
100%
$1,889/mo

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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1606 Merulana Ln | Property Details | No Agent List