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$452,000

503 Fernglade Dr, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,879 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.69 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size9,876 sqft

Building Information

Year Built1990
Stories2
Roof Type105
Garage Spaces2

Land Information

APN5740-09-002-0540-901
Lot Number54
SubdivisionPecan Grove Plantation Sec 9
Land UseResidential
Legal DescriptionPECAN GROVE PLANTATION SEC 9, BLOCK 2, LOT 54, R/P
Census Tract673600
Assessed Land Value$98,280
Assessed Improvement Value$335,144
Assessment Year2025

About this property

Welcome to this beautifully maintained, move-in ready home in the heart of Pecan Grove, offering comfort, style, & numerous upgrades throughout. Nestled on a private lot, this home features a sparkling pool with a tranquil waterfall & a lush, fenced yard—perfect for outdoor entertaining. Inside, you will find elegant wood flooring in the formal living & dining rooms that also flows into a high ceiling den with crown molding exuding grandeur. The gourmet kitchen is a chef’s dream with a gas cooktop, double oven, and a sunny breakfast area with tile flooring. The large primary suite is conveniently located on the main floor, offering privacy and comfort. Upstairs, three oversized bedrooms share a generously updated bath—ideal for family or guests. Additional highlights include a private storage shed and shutters across front of home, Roof 2015, AC 2021 & 2017, Furnace 2024 & 2021. This lovingly cared-for home is truly a gem in one of Richmond’s most established neighborhoods.

Investor Tools

Property Icon
$452,000
Estimated Property Value
$360,000Estimated Mortgage Balance
$98,339Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,879 /month
Positive
Cash Flow Estimate:
$960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
$230/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,031
$430,393
2025
$98,280
$335,144
$433,424
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,031
$430,393

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Donald Scott Jacobsen
Stand Alone First / Home Equity First Lien
$360,000
No
First
May 30, 2025
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$353,661
$104,339
22%
78%
$2,159/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$2,389/mo
+$351/mo
7.3%

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.

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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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503 Fernglade Dr | Property Details | No Agent List