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B+
NoAgentList RatingHow are grades calculated? Info

$361,212

4602 Red Lake Ln, Richmond, TX, 77406

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,412 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.68 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile

Exterior

Lot Size6,475 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APN9163-13-001-0450-907
Lot Number45
SubdivisionWaterside Estates Sec 13
Land UseResidential
Legal DescriptionWATERSIDE ESTATES SEC 13, BLOCK 1, LOT 45
Census Tract673501
Assessed Land Value$48,620
Assessed Improvement Value$312,592
Assessment Year2025

About this property

Hurry, this spacious one story traditional home in Waterside Estates/Richmond TX has many updates and is ready for a new owner. 3 bedrooms plus home office/study/den. This home boasts front porch, gracious entry, tall ceilings, open floor plan, formal dining room, large office/study/den, family room open to island kitchen with breakfast bar, breakfast room & sunroom. Perfect for entertaining! Spacious primary bedroom with a large walk-in room sized closet. Master bath includes double sinks, soaking tub and separate shower. Upgrades include tile floors, primary new carpet, custom oversized granite island in Kitchen + counter, new tile backsplash, freshly painted cabinets, dishwasher & microwave replaced 2019, fresh paint, window treatments, ceiling fans and light fixtures. Landscaped backyard has covered patio plus firepit. This home is move-in ready!

Investor Tools

Property Icon
$361,212
Estimated Property Value
$140,816Estimated Mortgage Balance
$226,118Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,167 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$590/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$361,212
2025
$48,620
$312,592
$361,212
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$361,212

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$140,816
Yes
First
Feb 21, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,094
$226,118
62%
37%
$845/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,645/mo
+$475/mo
7.0%

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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4602 Red Lake Ln | Property Details | No Agent List