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$531,000

20506 Elderwood Terrace Drive, Richmond, TX, 77406

Off Market

4 Beds

4 Bath

3,300 Sq Ft

Single Family Residence

$111.67 / sqft

Built in 2013

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Gas Cooktop

FlooringCarpet, Laminate, Tile

Exterior

Lot Size8,565 sqft

Building Information

Year Built2013

Roof Type105

Garage Spaces2

Land Information

APN5121-18-002-0240-907

Lot Number24

SubdivisionLong Meadow Farms Sec 18

Land UseResidential

Legal DescriptionLONG MEADOW FARMS SEC 18, BLOCK 2, LOT 24

Census Tract673404

Assessed Land Value$65,000

Assessed Improvement Value$456,596

Assessment Year2025

About this property

Welcome home to Long Meadow Farms! Great curb appeal and gorgeous landscaping on a great lot! Soaring ceilings and a winding staircase sweep you into this AMAZING 4 bedroom/3.5 bath/3 car garage that shines with the pride of ownership! You will also enjoy the private study, formal dining, spacious game room and media! Open floor plan with lots of natural light! The island kitchen is has SS appliances, granite, pendant lights, walk-in pantry, rich wood cabinet and much more! Cozy fireplace! Lots of special architectural features! Wonderful master retreat with relaxing bath-soaking tub, shower with seat, dual sinks and large walk-in closet! Get ready to play in big game room and watch your favorite team or movie in the media room! Nice secondary bedrooms with great closets! Oversized backyard with covered patio-lots of space for playing, gardening and a pool! Wonderful neighborhood amenities! Easy access to 99 and West Park Tollway! Lots of shopping and restaurants!

Investor Tools

$531,000

Estimated Property Value

$0Estimated Mortgage Balance

$274,054Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,186 /month

Positive

Cash Flow Estimate:

$1,062 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$463/month

$850/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,897

$521,596

2025

$65,000

$456,596

$521,596

Tax History

Year

Tax Paid

Assessed Value

2025

$2,897

$521,596

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

American Neighborhood Mtg Acceptance Co

Conventional

$290,400

First

Jun 24, 2020

Jul 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$256,946

$274,054

51%

48%

$1,742/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$2,592/mo

+$148/mo

6.2%

Learn About the Market: Opportunity in Texas

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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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