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$183,000

NAL Estimated Property Value

511 N 3rd St, Richmond, TX, 77469

Off MarketInfo
Baths0 Bath
Baths1,056 Sq Ft
Year BuiltBuilt in 2023

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bathrooms 0Bathrooms 0
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,844 sqft

Building Information

Year Built2023

Land Information

APN6005-01-003-0020-901
Lot Number2
SubdivisionNewton West S/D Sec 1
Land UseResidential
Legal DescriptionNEWTON WEST S/D SEC 1, BLOCK 3, LOT 2, (NEWTON PLACE)
Census Tract674900
Assessed Land Value$8,233
Assessed Improvement Value$124,306
Assessment Year2025

About this property

Your fantastic opportunity near the heart of DOWNTOWN RICHMOND awaits! 8,000 + square foot lot blocks away from historic Morton St in downtown Richmond within walking distance to the local parks, recreation facilities, restaurants, shopping and more! PRIME for development, cleared, and all utilities available. Beautiful Wessendorff Park just steps away with walking trails, fountains, outdoor amphitheater, green space for play and social gatherings and more! Minutes from the BRAZOS TOWN CENTER with easy access to Hwy 90, Hwy 59 / I69 and the Grand Parkway, taking you anywhere around HOUSTON! Please see attached City of Richmond Development Guidelines attached to the listing! NO Manufactured/mobile homes allowed per city zoning regulations. LOT SIZE approximately 60 feet wide by 130 feet deep, NOT in flood zone. #addFULLpower

Investor Tools

Property Icon
$183,000
Estimated Property Value
$318,142Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,098 /month
Positive
Cash Flow Estimate:
$366 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$319/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,914
$132,539
2025
$8,233
$124,306
$132,539
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,914
$132,539

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joshua Pitts
Open End Mortgage / Open End With Future Advance Clause
$165,000
No
First
May 31, 2024
Jun 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,142
N/A
0%
174%
$1,980/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: Richmond

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511 N 3rd St | Property Details | No Agent List