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Owner Contacts

$439,400

NAL Estimated Property Value

23023 N Waterlake Dr, Richmond, TX, 77406

Off Market

5 Beds

4 Bath

3,185 Sq Ft

Single Family Residence

$0.91 / sqft

Built in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Refrigerator, Dishwasher, Oven

FlooringBamboo, Carpet, Tile

Exterior

Private Pool

Lot Size5,779 sqft

Building Information

Year Built2001

Stories2

Roof Type105

Garage Spaces2

Land Information

APN9302-01-004-0140-901

Lot Number14

SubdivisionWestpark Lakes Sec 1

Land UseResidential

Legal DescriptionWESTPARK LAKES SEC 1, BLOCK 4, LOT 14

Census Tract673403

Assessed Land Value$38,903

Assessed Improvement Value$400,497

Assessment Year2025

About this property

Welcome Home to 23023 N Waterlake Dr! ** Stunning Waterfront, Backyard Paradise Featuring Private Pool, Spa, and No BACK NEIGHBORS! ** Backyard Speaker System & Landscape Lighting! Pool Maintenance INCLUDED in Lease!! Outdoor Gas Grill & Stove Burners. Covered Patio w/ TV! Enjoy over 3100+ SQFT of Living Space! This 5BD, 3.5BA Home is Incredible for Entertaining & Family Gatherings! Open Kitchen w/ Granite Countertops & Stainless Steel Appliances! Refrigerator is New & INCLUDED! NEW Microwave & Dishwasher. Family Room Opens to the Kitchen w/ Fireplace & Lovely Backyard Views! Bamboo Hardwood Flooring in Main Areas & Upstairs Game Room. Primary Bedroom w/ Walk-In Closet & Bath w/ Dual Sinks, Separate Shower & Tub. Home is Equipped with Smart Home Features: Pool Automation, Ring Doorbell & Cameras, Rachio Sprinkler System, Auto Garage Door Opener- All Operable from your Phone! Energy Efficient AC & Double-Paned Windows. Family Room, Den and Secondary Bedroom all have TV Mounts INCLUDED.

Investor Tools

$439,400

Estimated Property Value

$124,207Estimated Mortgage Balance

$315,193Estimated Equity

71% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,636 /month

Positive

Cash Flow Estimate:

$879 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$808/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,494

$439,400

2025

$38,903

$400,497

$439,400

Tax History

Year

Tax Paid

Assessed Value

2025

$7,494

$439,400

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Texas Dow Employees Cu

Conventional

$135,000

First

Feb 7, 2022

Mar 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$124,207

$315,193

71%

28%

$810/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$810/mo

+$1,930/mo

7.5%

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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