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$580,000

20610 Elderwood Terrace Drive, Richmond, TX, 77406

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,621 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.61 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,200 sqft

Building Information

Year Built2011
Stories2
Roof Type105
Garage Spaces2

Land Information

APN5121-18-002-0160-907
Lot Number16
SubdivisionLong Meadow Farms Sec 18
Land UseResidential
Legal DescriptionLONG MEADOW FARMS SEC 18, BLOCK 2, LOT 16
Census Tract673404
Assessed Land Value$65,000
Assessed Improvement Value$489,113
Assessment Year2025

About this property

Experience the best of Long Meadow Farms in this model-like Darling built home! This property offers 5 bedrooms, with 2 located downstairs, providing flexibility and space. The large game room, featuring a wet bar, is an entertainer's dream. Hardwood floors grace much of the downstairs area. Recent upgrades ensure modern comfort: AC units (Upstairs 2021, Downstairs 2024), H20 Heaters (2022), Carpet (2023), updated countertops and backsplash (2021), fresh paint (2024), and a new front door. Relax and unwind on the charming front porch, perfect for socializing, or enjoy the privacy of the covered back patio with its stamped concrete. The location is unbeatable, with walking trails just steps away, connecting you to the community center, complete with a clubhouse, pool, pickleball, and tennis courts. Enjoy easy access to restaurants, shopping, and the Grand Parkway. Make this your home and enjoy the Long Meadow Farms lifestyle!

Investor Tools

Property Icon
$580,000
Estimated Property Value
$0Estimated Mortgage Balance
$204,019Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,533 /month
Positive
Cash Flow Estimate:
$1,178 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$725/month
$990/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,805
$522,378
2025
$65,000
$489,113
$554,113
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,805
$522,378

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Lending Corp
Conventional
$382,720
No
First
May 12, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$375,981
$204,019
35%
65%
$2,295/mo

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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20610 Elderwood Terrace Drive | Property Details | No Agent List