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$350,000

20418 Port Bishop Lane, Richmond, TX, 77407

PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,231 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.88 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,626 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4790-12-002-0030-901
Lot Number3
SubdivisionLakemont Sec 12
Land UseResidential
Legal DescriptionLAKEMONT SEC 12, BLOCK 2, LOT 3
Census Tract672906
Assessed Land Value$39,618
Assessed Improvement Value$295,743
Assessment Year2025

About this property

Fabulously updated one-story, 3-bedroom 2-bath home in the highly desired master-planned community of Lakemont! Gourmet kitchen w/ stunning granite countertops opens to the oversized den. Split floor plan is ideal for extra privacy for the whole family. Primary bedroom is on one side of the house w/ two nice sized secondary bedrooms on the other side. Sit at the breakfast table in the kitchen & enjoy your morning coffee, also a great spot for kids to work on homework while you're cooking dinner. This home has a study/flex space & formal dining room that is being used as a playroom by this seller. Great news...YOU pick what works best for your family. Primary bath w/ separate shower & relaxing soaking tub. Community lake is right around the corner. Neighborhood community center boasts two pools, pickleball/tennis courts, pavilion, event center and kid's play area. Neighborhood elementary right down the street. GREAT location close to Westpark Tollway & Grand Parkway. Low Tax Rate!

Investor Tools

$315,854Estimated Mortgage Balance
$34,146Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
$850/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,556
$323,300
2025
$39,618
$295,743
$335,361
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,556
$323,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southstate Bank Na
Conventional
$323,000
No
First
Mar 21, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$315,854
$34,146
9%
90%
$1,937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$2,787/mo
$-427/mo
8.1%

City: Richmond