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$244,990

$254,990

718 William Morton Drive, Richmond, TX, 77406

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,641 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.29 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

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

Exterior

Lot Size6,832 sqft

Building Information

Year Built1980
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3780-01-102-0040-901
Lot Number4
SubdivisionThe Grove Sec 1
Land UseResidential
Legal DescriptionTHE GROVE SEC 1, BLOCK 2, LOT 4
Census Tract673600
Assessed Land Value$45,500
Assessed Improvement Value$206,188
Assessment Year2025

About this property

Located in the heart of Richmond with quick access to Grand Parkway, Westpark Tollway, Highway 90 & countless shopping, dining and entertainment options, this beautifully updated 2-story home offers the perfect blend of comfort, style & convenience! Zoned to HIGHLY acclaimed Lamar Consolidated ISD schools and situated in the established Grove community with mature trees and charming curb appeal. Inside you’ll find soaring ceilings, abundant natural light, updated flooring, fresh modern finishes, designer lighting and a stunning floor-to-ceiling fireplace that anchors the spacious living room. The renovated kitchen features quartz countertops, subway tile backsplash, stainless appliances & sleek cabinetry. Functional layout with all bedrooms upstairs including a spacious primary suite with en-suite bath and walk-in closets. Generous backyard with covered patio space perfect for relaxing or entertaining. Beautifully updated and well maintained!

Investor Tools

Property Icon
$257,000
Estimated Property Value
$0Estimated Mortgage Balance
$24,593Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

Interested in this property?

Scott Laird

Keller Williams Realty The Woodlands

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,949
$251,688
2025
$45,500
$206,188
$251,688
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,949
$251,688

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$242,250
No
First
Mar 4, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,407
$24,593
9%
90%
$1,453/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$1,653/mo
+$1,087/mo
12.8%

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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718 William Morton Drive | Property Details | No Agent List