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$304,000

NAL Estimated Property Value

20503 Somerset Hill Ct, Richmond, TX, 77407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,733 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.35 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size9,340 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4790-04-003-0080-901
Lot Number8
SubdivisionLakemont Sec 4
Land UseResidential
Legal DescriptionLAKEMONT SEC 4, BLOCK 3, LOT 8
Census Tract672906
Assessed Land Value$44,008
Assessed Improvement Value$255,054
Assessment Year2025

About this property

Charming brick home with attractive curb appeal, situated on extremely generous cul-de-sac lot in planned community of Lakemont. Thoughtful and open floor plan. Kitchen and breakfast area open to large family room. Spacious primary suite separate from secondary bedrooms. Convenient location with access to Grand Parkway, Westpark Tollway. Incredible community filled with miles and miles of walking trails, beautiful lakes, two resort-style pools, 5 pocket parks. Washer & Dryer included.

Investor Tools

Property Icon
$304,000
Estimated Property Value
$171,683Estimated Mortgage Balance
$132,317Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,824 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
$672/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,156
$298,238
2025
$44,008
$255,054
$299,062
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,156
$298,238

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$192,850
No
First
Sep 29, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,683
$126,555
42%
56%
$1,157/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$1,829/mo
+$531/mo
9.3%

City: Richmond

20503 Somerset Hill Ct | Property Details | No Agent List