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$379,000

7041 Payte Lane, North Richland Hills, TX, 76182

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,659 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.45 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Storage
Lot Size12,275 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN39130-1-22
Lot Number22
SubdivisionSmithfield Acres Addition
Land UseResidential
Legal DescriptionSMITHFIELD ACRES ADDITION BLOCK 1 LOT 22
Census Tract113210
Assessed Land Value$50,000
Assessed Improvement Value$131,952
Assessment Year2025

About this property

Summer starts here! This beautifully updated home in North Richland Hills offers 4 bedrooms plus a dedicated office, creating a flexible floor plan designed for today's lifestyle. Situated on a spacious corner lot, this move in ready home features a remodeled kitchen with modern finishes, abundant storage, and updated appliances. The private primary suite offers a relaxing retreat with a spa-inspired bathroom and generous walk-in closet, while the dedicated office provides the perfect space to work from home, manage household activities, or create a hobby room. Major updates completed within the last three years including the roof, HVAC system, windows, interior and exterior paint, and storage shed provide peace of mind for years to come. Home is equipped with solar panels; buyer to assume existing solar lease. Outside, enjoy your own backyard oasis featuring a sparkling saltwater pool and oversized covered patio, ideal for entertaining or relaxing all summer long. Conveniently located near shopping, dining, major highways, and the TRE Smithfield Station, this North Richland Hills gem combines modern updates, outdoor living, and a versatile layout you'll love coming home to. Schedule your showing today!

Investor Tools

$339,058Estimated Mortgage Balance
$20,942Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

Interested in this property?

Erica Berkebile

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,932
$181,952
2025
$50,000
$131,952
$181,952
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,932
$181,952

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Conventional
$345,135
No
First
Jun 18, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$339,058
$20,942
5%
94%
$2,070/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$2,070/mo
+$600/mo
8.9%

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: North Richland Hills

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7041 Payte Lane | Property Details | No Agent List