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Days43Days on Market
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$234,100

$241,600

615 Old Colony Dr, Richmond, TX, 77406

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,842 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.09 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,592 sqft

Building Information

Year Built1980
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3780-01-105-0200-901
Lot Number20
SubdivisionThe Grove Sec 1
Land UseResidential
Legal DescriptionTHE GROVE SEC 1, BLOCK 5, LOT 20, R/P
Census Tract673600
Assessed Land Value$45,500
Assessed Improvement Value$192,742
Assessment Year2025

About this property

Welcome to this lovely 4 bedroom, 2 bathroom home in Richmond with a charming brick exterior. Inside, the first floor features neutral floors, a cozy living area with a brick fireplace, and high ceilings. The kitchen features a tile backsplash, granite countertops, all white cabinets, and stainless steel appliances. Outside, the spacious backyard offers a patio/deck for entertainment or relaxation. 2024 Water Heater, 2021 roof, 2024 Pex Pipe Plumbing, 2023 Electrical Panel! Schedule a tour today and make this beautiful house your own!

Investor Tools

$178,687Estimated Mortgage Balance
$123,313Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

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EveryState, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,738
$238,242
2025
$45,500
$192,742
$238,242
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,738
$238,242

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stoa 3 Llc
Building Or Construction Loan
$193,500
No
First
Jun 27, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,687
$123,313
40%
59%
$1,161/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$1,161/mo
+$1,579/mo
10.9%

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.

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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615 Old Colony Dr | Property Details | No Agent List