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$790,000

NAL Estimated Property Value

3724 Fm 359 Rd, Richmond, TX, 77406

Off MarketInfo
Beds6 Beds
Baths3 Bath
Baths3,297 Sq Ft
price_per_sqft$1,789.51 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Electric Cooktop, Dishwasher
FlooringBrick, Carpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size2.73 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0046-00-000-0572-901
SubdivisionKnight & White
Land UseResidential
Legal Description0046 KNIGHT AND WHITE, TRACT 57 (PT), ACRES 2.734
Census Tract673404
Assessed Land Value$127,939
Assessed Improvement Value$508,117
Assessment Year2025

About this property

6 parcels totaling 20.351 unrestricted acres. This property provides ample freedom for diverse land utilization, enabling owners to delve into various agricultural endeavors like cattle ranching, equestrian activities, or commercial enterprises, ultimately optimizing its income potential. A homestead sits on 2.734 acres and features 6 bedrooms, 3 bathrooms, 4 car carport, a 2,000 sq. ft. garage and shop, two covered back patios, an updated kitchen and bathrooms, a pool, and majestic, mature trees. Bring your horses and cattle: AG Exempt on 5 parcels. The home has never flooded. The options are endless for this versatile piece of property. Room for a family to spread out and enjoy private country living while being close to great restaurants and entertainment venues. LOW TAXES! Seller may subdivide. This location is a developer's dream!

Investor Tools

Property Icon
$790,000
Estimated Property Value
$14,039Estimated Mortgage Balance
$775,961Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$35,400 /month
Positive
Cash Flow Estimate:
$11,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$982/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,837
$636,056
2025
$127,939
$508,117
$636,056
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,837
$636,056

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
R Fred Beeler
Seller Carryback / Seller Financing / Seller Take-Back
$100,000
No
First
Dec 30, 1998
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,039
$746,961
98%
2%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$600/mo
+$2,140/mo
4.2%

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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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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3724 Fm 359 Rd | Property Details | No Agent List