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$393,381

NAL Estimated Property Value

18602 Albany Bay Ln, Richmond, TX, 77407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,802 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.5 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Lot Size10,269 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN3536-22-002-0260-907
Lot Number26
SubdivisionGrand Vista Sec 22
Land UseResidential Single Family Houses
Legal DescriptionGRAND VISTA SEC 22, BLOCK 2, LOT 26
Census Tract672907
Assessed Land Value$70,212
Assessed Improvement Value$323,169
Assessment Year2025

About this property

Electricity included (solar) in report! Welcome to 18602 Albany Bay Lane, a modern single-family home built in 2022, nestled in the desirable Grand Vista community of Richmond, Texas. This residence offers 4 bedrooms and 2 bathrooms within 1,802 square feet of thoughtfully designed living space. Situated on an oversized 10,269 square-foot lot, the property provides ample outdoor space for recreation and relaxation, including a custom-built backyard canopy perfect for gatherings. The open-concept layout seamlessly connects the kitchen, dining, and family areas, while the kitchen features modern appliances with generous counter and storage space. Energy-efficient solar panels reduce utility costs and minimize the home’s environmental footprint. Additional features include central cooling, an attached garage, and proximity to local amenities, schools, and parks.

Investor Tools

Property Icon
$393,381
Estimated Property Value
$351,540Estimated Mortgage Balance
$41,841Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,360 /month
Positive
Cash Flow Estimate:
$787 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,321
$393,381
2025
$70,212
$323,169
$393,381
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,321
$393,381

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carrington Mortgage Services Llc
Fha
$358,388
Yes
First
Apr 7, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$351,540
$41,841
10%
89%
$2,149/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$2,149/mo
+$211/mo
7.2%

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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18602 Albany Bay Ln | Property Details | No Agent List