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$274,000

NAL Estimated Property Value

611 Old Colony Dr, Richmond, TX, 77406

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,562 Sq Ft
price_per_sqft$164.53 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Lot Size7,606 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3780-01-105-0210-901
Lot Number21
SubdivisionThe Grove Sec 1
Land UseResidential
Legal DescriptionTHE GROVE SEC 1, BLOCK 5, LOT 21, R/P
Census Tract673600
Assessed Land Value$45,500
Assessed Improvement Value$216,980
Assessment Year2025

About this property

Darling home with nice updates. Updated double pane windows throughout. Most of the home has Pex Piping. The kitchen was remodeled with shaker style cabinets and drawers with great pullouts - soft close. The sellers have also added vinyl plank flooring and recent carpet in the bedrooms. This home has a very large family room with 14' ceilings. The family room includes a wood burning fireplace with gas assist. This home is wired for sound. The speakers in the family room, dining room and primary bedroom will stay with the property. The backyard is nicely shaded with beautiful roses. The storage shed will stay. Atlas offers a lifetime warranty on the foundation work and can convey to the new buyer. Pecan Grove is a great subdivision with amazing schools (the elementary is right around the corner). With paid membership to the country club you are also entitled to Golf, workout room, pool, tennis and country club dining facilities. Pecan Grove also has a low tax base and low HOA dues.

Investor Tools

Property Icon
$274,000
Estimated Property Value
$249,985Estimated Mortgage Balance
$24,015Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,644 /month
Positive
Cash Flow Estimate:
$548 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$305/month
$198/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,291
$262,480
2025
$45,500
$216,980
$262,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,291
$262,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$263,636
No
First
Jul 14, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,985
$28,015
10%
91%
$1,581/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,779/mo
+$341/mo
9.3%

Learn About the Market: Opportunity in Texas

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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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611 Old Colony Dr | Property Details | No Agent List