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$310,448

NAL Estimated Property Value

523 Old Colony Dr, Richmond, TX, 77406

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,562 Sq Ft
price_per_sqft$188.86 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Oven
FlooringLaminate, Tile

Exterior

Lot Size7,277 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3780-02-208-0490-901
Lot Number49
SubdivisionThe Grove Sec 2
Land UseResidential
Legal DescriptionTHE GROVE SEC 2, BLOCK 8, LOT 49
Census Tract673600
Assessed Land Value$45,500
Assessed Improvement Value$264,948
Assessment Year2025

About this property

Perfectly manicured and maintained home. This one is amazing! These owners have added all the right things; Generac whole house generator, HVAC 2023, updated kitchen, double paned windows, PEX Piping throughout, Sprinkler System & more! You will love this one! Driving up you will notice the meticulously maintained yard. Once in the home you will see wood look laminate flooring, open concept w/fireplace. The kitchen features granite, double gas ovens, cast-iron sink w/auto on/off faucet, newer appliances, under cabinet lighting. The dry bar is granite topped with in cabinet lighting - could be a wet bar as water is available. The primary is large with a large primary bath w/dbl sinks, double closets & plenty of room. Out back you will find a covered patio & storage shed. Right down the street from one of the neighborhood parks and around the corner from the largest neighborhood park. Pool, Tennis, Fitness, Golf require memberships. AWESOME Schools. Check the Virtual Tour and Features.

Investor Tools

Property Icon
$310,448
Estimated Property Value
$271,914Estimated Mortgage Balance
$38,534Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,863 /month
Positive
Cash Flow Estimate:
$621 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,003
$310,448
2025
$45,500
$264,948
$310,448
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,003
$310,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$280,250
No
First
Sep 20, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,914
$38,534
12%
88%
$1,681/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,876/mo
+$244/mo
8.2%

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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523 Old Colony Dr | Property Details | No Agent List