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$274,000

419 Old Colony Dr, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,004 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.3 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven, ENERGY STAR Qualified Appliances, Free-Standing Range
FlooringLaminate

Exterior

Lot Size7,274 sqft

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3780-02-208-0390-901
Lot Number39
SubdivisionThe Grove Sec 2
Land UseResidential
Legal DescriptionTHE GROVE SEC 2, BLOCK 8, LOT 39
Census Tract673600
Assessed Land Value$45,500
Assessed Improvement Value$195,676
Assessment Year2025

About this property

Drastically reduced! Beautifully remodeled and updated. Newly installed;kitchen cabinets, granite, faucets, appliances, sink, flooring, paint in and out. Installed blinds, some lighting fixtures. All recent blinds. Galvanized pipes have been replaced with pex lines. Master has handicap grip rails. No carpet in home. Baths have been updated. Hollywood bath. 4th bedroom at front of home, can be a study. Backs to the walking trail. Just beyond, you can watch the cows roam around. Great location in the subdivision. Nice covered patio for those BBQ times. Low taxes & HOA dues. NEVER FLOODED!!

Investor Tools

Property Icon
$274,000
Estimated Property Value
$168,000Estimated Mortgage Balance
$125,660Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,644 /month
Positive
Cash Flow Estimate:
$548 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$279/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,975
$241,176
2025
$45,500
$195,676
$241,176
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,975
$241,176

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Conventional
$168,000
No
First
May 11, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,340
$137,660
48%
54%
$1,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,203/mo
+$917/mo
9.3%

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: Richmond

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419 Old Colony Dr | Property Details | No Agent List