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$489,003

NAL Estimated Property Value

515 Summer Trace Ln, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,675 Sq Ft
price_per_sqft$88.16 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Cooktop, Electric Oven
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size8,962 sqft

Building Information

Year Built2005
Stories2
Roof Type105
Garage Spaces2

Land Information

APN6467-01-009-0110-901
Lot Number11
SubdivisionRivers Edge Sec 1
Land UseResidential
Legal DescriptionRIVERS EDGE SEC 1, BLOCK 9, LOT 11
Census Tract673401
Assessed Land Value$63,882
Assessed Improvement Value$425,121
Assessment Year2025

About this property

Don’t miss this gorgeous home featuring designer tile downstairs, engineered hardwood floors downstairs with crown molding throughout home, and gas fireplace. Custom blinds in every window. You’ll love the built-in sound system in the den, dining room, master, media room, and backyard. Home is wired for security system, while the garage has a work area with built in cabinets. Kitchen includes recent kitchen faucet, gas cook top, wine cooler, large walk in pantry, roll out shelves in lower kitchen cabinets, under cabinet lightening, water filtration system, and granite countertops. The master bath includes a spa tub, custom tile in the shower, granite, and tray ceiling in the master. The backyard has outdoor accent lighting, a beautiful pool with retractable awning, outdoor natural gas supply, and spa with cool deck surface. Home also has in ground sprinkler system, outdoor natural gas supply, and landscape lighting in the front. This home is a must-see and has never flooded.

Investor Tools

Property Icon
$489,003
Estimated Property Value
$281,058Estimated Mortgage Balance
$207,945Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$843/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,672
$489,003
2025
$63,882
$425,121
$489,003
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,672
$489,003

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Moria Development Inc
Va
$317,000
Yes
First
Jul 16, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,058
$207,945
42%
57%
$1,901/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$2,601/mo
+$139/mo
6.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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515 Summer Trace Ln | Property Details | No Agent List