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$205,000

NAL Estimated Property Value

23478 Bays Chapel Road, Richards, TX, 77873

$266,500 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,657 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.52 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 5Bathrooms 5
AppliancesDisposal, Water Softener, Double Oven, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Slate, Tile, Wood

Exterior

Lot Size26,005 sqft

Building Information

Garage Spaces3

Land Information

APN0252-00-00103
SubdivisionHill Obedience
Land UseResidential
Legal DescriptionA0252 - HILL OBEDIENCE, TRACT 1A-3, ACRES 0.597
Census Tract694700
Assessed Land Value$23,880
Assessment Year2025

About this property

Discover an exceptional 5-acre ranch estate thoughtfully designed for both comfortable living and functional country use. The property features a spacious main residence, a casita, and well-equipped equestrian and work facilities—ideal for those seeking a true ranch lifestyle with modern conveniences. The main home offers 3 bedrooms and 4.5 baths with a bright, open-concept layout connecting the family room, dining area, and kitchen—perfect for entertaining or everyday living. The ranch-style kitchen is designed for both function and gathering, featuring stainless steel appliances, granite countertops, abundant prep space, and a large island with a Texas-shaped sink. High ceilings and durable slate flooring add warmth, character, and practicality throughout. Outside, enjoy the serene pond just beyond the back door, ample acreage for outdoor activities, and a variety of functional features including dog kennels, an ATV garage, and flexible spaces for equestrian or recreational use.

Investor Tools

Property Icon
$205,000
Estimated Property Value
$0Estimated Mortgage Balance
$205,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$266,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$112/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$324
$23,880
2025
$23,880
N/A
$23,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$324
$23,880

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$205,000
100%
0%
$0/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.

Explore Texas Explore This Area
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: Richards

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23478 Bays Chapel Road | Property Details | No Agent List