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$427,797

NAL Estimated Property Value

2023 Mound Lake Dr, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,584 Sq Ft
price_per_sqft$118.03 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size11,362 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APN9163-11-003-0170-907
Lot Number17
SubdivisionWaterside Estates Sec 11
Land UseResidential
Legal DescriptionWATERSIDE ESTATES SEC 11, BLOCK 3, LOT 17
Census Tract673501
Assessed Land Value$61,776
Assessed Improvement Value$368,243
Assessment Year2025

About this property

Beautiful, soft lived in home with a great location, on a very spacious lot. The backyard is your own private sanctuary for relaxation and entertaining. The beautiful pool is surrounded with a huge area of cool decking, covered patio and no neighbors in the back, make this a very unique property. The entire home has views of this oasis. Kitchen/breakfast area has is an open concept direct to the living room. The main bedroom and bath are downstairs and the other 3 bedrooms with their own full bath are up. The "cat walk" covers the length of the living area and kitchen. The game or sitting room is upstairs, as well. Located in the Fort Bend School District and close to everything makes this an ideal setting for a great family home. The property also comes with a transferable Home Warranty that covers the pool. This property has been treated with love and care. Check it out for yourself, at this price point, you will be glad that you did! MAKE SURE THAT YOU SEE THE RECENT UPGRADES LIST.

Investor Tools

Property Icon
$427,797
Estimated Property Value
$220,956Estimated Mortgage Balance
$206,841Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,567 /month
Positive
Cash Flow Estimate:
$856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
$590/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,486
$427,797
2025
$61,776
$368,243
$430,019
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,486
$427,797

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$247,200
No
First
Nov 17, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,956
$206,841
48%
52%
$1,483/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$2,073/mo
+$667/mo
7.7%

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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2023 Mound Lake Dr | Property Details | No Agent List