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B+

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Owner Contacts

$495,000

20626 Elderwood Terrace Drive, Richmond, TX, 77406

Off Market

4 Beds

3 Bath

2,602 Sq Ft

Single Family Residence

$134.51 / sqft

Built in 2011

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Gas Cooktop, Electric Oven

FlooringCarpet, Tile

Exterior

Lot Size8,780 sqft

Building Information

Year Built2011

Stories2

Roof Type105

Garage Spaces2

Land Information

APN5121-18-002-0120-907

Lot Number12

SubdivisionLong Meadow Farms Sec 18

Land UseResidential

Legal DescriptionLONG MEADOW FARMS SEC 18, BLOCK 2, LOT 12

Census Tract673404

Assessed Land Value$68,250

Assessed Improvement Value$417,043

Assessment Year2025

About this property

Stunning home with an AMAZING pool and backyard oasis in highly desirable Long Meadow Farms. Home features TONS of upgrades throughout! Brick and stone elevation, with front porch. Large dining room with decorator ceiling detail, and wood floors. The kitchen is a chefs dream! Large Island, stainless steal appliances, granite counter tops, and tons of cabinet storage! The wood floors extend through the extended entry, kitchen and family room. The 2 story family room features wall of double windows for extra light, overlooking the gorgeous backyard. First floor oversize master bedroom overlooking pool, with huge en suite bathroom with separate tub and shower. Upstairs features 3 large guest bedrooms, game room and bathroom. Backyard oasis is TRULY exceptional! Large pool and hot tub with beautiful water features and a sun shelf. The pool can be controlled through WIFI and has 15 different light options! There is a gorgeous fire pit, sun deck and covered patio! Low tax area!

Investor Tools

$495,000

Estimated Property Value

$0Estimated Mortgage Balance

$192,761Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,970 /month

Positive

Cash Flow Estimate:

$990 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$206/month

$850/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$478,215

2025

$68,250

$417,043

$485,293

Tax History

Year

Tax Paid

Assessed Value

2025

N/A

$478,215

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Quicken Loans Llc

$337,463

Yes

First

Dec 30, 2020

Jan 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$302,239

$192,761

38%

61%

$2,024/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$2,874/mo

$-134/mo

6.6%

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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