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$440,000

NAL Estimated Property Value

403 W Mahan St, Richwood, TX, 77531

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,769 Sq Ft
price_per_sqft$214.81 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating ElectricHeating Electric
CoolingCooling

Exterior

Lot Size2.19 acres

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3200-0216-120
Lot Number20,21
SubdivisionDavidson Slater Place
Land UseResidential
Legal DescriptionDAVIDSON SLATER PLACE (A0066 J E GROCE TR 105A)(RICHWOOD) BLK 13 LOT 20-21-21A-22-23
Census Tract663700
Assessed Land Value$219,500
Assessed Improvement Value$220,500
Assessment Year2025

About this property

Immerse yourself in the tranquility and beauty of waterfront living. Whether you seek a peaceful sanctuary or love to entertain amidst natural surroundings, this home offers a rare opportunity. In this custom-built waterfront home, nestled on approximately 1.5 acres along the serene Oyster Creek, this residence offers a tranquil retreat, thoughtfully designed with gas and electric piping options, perfect for indoor and outdoor cooking and entertaining. A Generac Whole Home Generator ensures uninterrupted power supply, providing peace of mind during any weather conditions. With blown-in insulation throughout, including the garage, and double-pane windows for enhanced energy efficiency. The adjacent .68 acre creek lot is also available.

Investor Tools

Property Icon
$440,000
Estimated Property Value
$425,554Estimated Mortgage Balance
$14,446Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,339
$440,000
2025
$219,500
$220,500
$440,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,339
$440,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Conventional
$440,000
No
First
Jul 30, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$425,554
$14,446
3%
97%
$2,639/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: Richwood

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403 W Mahan St | Property Details | No Agent List