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$559,406

NAL Estimated Property Value

20230 Norwood Point Ln, Richmond, TX, 77407

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,788 Sq Ft
price_per_sqft$145.2 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size13,242 sqft

Building Information

Year Built2011
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3528-02-001-0290-907
Lot Number29
SubdivisionGrand Mission Estates Sec 2
Land UseResidential
Legal DescriptionGRAND MISSION ESTATES SEC 2, BLOCK 1, LOT 29
Census Tract672906
Assessed Land Value$128,332
Assessed Improvement Value$431,074
Assessment Year2025

About this property

Elegant 5-Bed, 4.5-Bath Home in Grand Mission Estates! Boasting mature landscaping, soaring ceilings, and an open-concept floor plan, this two-story home is filled with architectural details, elegant archways, and bright airy rooms. The grand two-story foyer is flanked by a formal dining room and a front flex space while the spacious living room features a cozy fireplace and a dramatic two-story wall of windows overlooking the backyard. The kitchen includes granite counters, stainless appliances, a center island, a pantry, an extended breakfast bar, and a butler’s pantry. Designed for generational living, this home offers two primary suites on the main level—each with a private en-suite bath and walk-in closet. The upstairs boasts a game room, bonus/theater room, three additional bedrooms, a Jack-and-Jill bath, and a separate full bath. The fully fenced backyard features a covered patio, perfect for outdoor entertaining. Located minutes from shopping, dining, and entertainment.

Investor Tools

Property Icon
$559,406
Estimated Property Value
$481,656Estimated Mortgage Balance
$20,714Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,356 /month
Positive
Cash Flow Estimate:
$1,119 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,474
$559,406
2025
$128,332
$431,074
$559,406
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,474
$559,406

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trustmark Bank A Mississippi Banking Cor
Conventional
$483,050
No
First
Mar 9, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$481,656
$77,750
13%
86%
$2,897/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,050/mo
$4,047/mo
$-997/mo
6.5%

City: Richmond

20230 Norwood Point Ln | Property Details | No Agent List