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$189,000

505 Jasmine St, Richwood, TX, 77531

On MarketInfo
Beds4 Beds
Baths7 Bath
Baths1,397 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.29 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 7Bathrooms Full 7
Heating ElectricHeating Electric
CoolingCooling
AppliancesGas Oven, Gas Range, Dryer, Washer
FlooringTile, Wood, Vinyl

Exterior

Lot Size7,200 sqft

Building Information

Year Built1972
Stories1
Roof Type105

Land Information

APN4360-0514-000
Lot Number14
SubdivisionGlenwood Bayou
Land UseResidential
Legal DescriptionGLENWOOD BAYOU (A0066 J E GROCE)(RICHWOOD) BLK 6 LOT 14
Census Tract663700
Assessed Land Value$21,600
Assessed Improvement Value$140,320
Assessment Year2025

About this property

Welcome home! This move-in ready 4-bedroom, 2-bathroom gem is clean, well-maintained, and waiting for you to make it your own. Step inside to a bright, comfortable layout offering plenty of space for family living and entertaining. Enjoy the convenience of a large parking area with room for multiple vehicles, plus a spacious backyard perfect for weekend gatherings, gardening, or simply relaxing outdoors. With nothing left to do but unpack, this home is an ideal choice for first-time buyers or anyone looking for a turnkey property. Don't miss your opportunity—schedule your showing today!

Investor Tools

$153,873Estimated Mortgage Balance
$8,832Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$419/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,218
$161,920
2025
$21,600
$140,320
$161,920
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,218
$161,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Red Door Funding
Commercial
$162,000
No
First
Aug 18, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,873
$52,127
25%
95%
$972/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.

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: Richwood

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