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$490,000

6114 Grace Falls Dr, Richmond, TX, 77407

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,033 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.42 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Gas Range, Dishwasher
FlooringWood

Exterior

Lot Size7,064 sqft

Building Information

Year Built2017
Garage Spaces2

Land Information

APN5121-41-002-0150-901
Lot Number15
SubdivisionLong Meadow Farms Sec 41
Land UseResidential
Legal DescriptionLONG MEADOW FARMS SEC 41, BLOCK 2, LOT 15
Census Tract672903
Assessed Land Value$54,600
Assessed Improvement Value$429,673
Assessment Year2025

About this property

Gorgeous home, from the pages of Architectural Digest. Lovely curb appeal welcomes you, as you step into the foyer of this amazing property. The private guest suite includes en suite full bath with all the designer touches. The adorable children's retreat, 2 beautiful bedrooms with second full bath.The Chef's kitchen boasts a huge island, tons of storage & counter space, & is open to the spacious living room & dining room; perfect for entertaining & family gatherings. Study/home office with French doors provides fabulous flex space. The private primary suite features stunning updates including completely updated primary bath & closet with built-ins. Upstairs finds oversize gameroom & children's loft, custom bar area & 4th full bath. Could also be used quarters or second master suite. Too many upgrades to list, this one is an absolute must-see.

Investor Tools

Property Icon
$490,000
Estimated Property Value
$374,000Estimated Mortgage Balance
$113,980Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$669/month
$825/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,583
$484,273
2025
$54,600
$429,673
$484,273
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,583
$484,273

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$374,000
No
First
Oct 14, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,020
$108,253
22%
77%
$2,453/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,050/mo
$3,278/mo
$-228/mo
7.5%

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.

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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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6114 Grace Falls Dr | Property Details | No Agent List