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$316,000

NAL Estimated Property Value

7210 Palmito Ranch Dr, Richmond, TX, 77406

SoldInfo
7/14/26
Beds3 Beds
Baths2 Bath
Baths2,151 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.9 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size6,433 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5121-05-002-0050-901
Lot Number5
SubdivisionLong Meadow Farms Sec 5
Land UseResidential
Legal DescriptionLONG MEADOW FARMS SEC 5, BLOCK 2, LOT 5
Census Tract673404
Assessed Land Value$57,200
Assessed Improvement Value$267,438
Assessment Year2025

About this property

WORK from home, ENTERTAIN with ease, and UNWIND in style with this single-story gem! TONS OF RECENT UPDATES to diminish your concerns : 2025...replaced the 5 burner GAS COOKTOP, microwave & added fresh interior paint. 2024...replaced the ROOF, FENCE & added the sprinkler system. 2022...replaced the A/C. 2019 replaced the garbage disposal & added GUTTERS. TILE flooring in the entry, family room, kitchen, breakfast room & baths. Engineered WOOD FLOORING in the STUDY & formal dining room (could also be a gameroom or 2nd living area). Kitchen includes a step-in pantry, granite countertops & island, high quality 42" cabinets with lots of storage possibilities. Large, bright family room with a gas log fireplace & built-in surround sound. Spacious primary suite with window seat, updated 'rain glass' shower enclosure & WALK-IN CLOSET. The backyard has an oversized, PRIVATE PATIO with no houses overlooking your yard. Close to Adolphus Elem. EASY ACCESS to Grand Parkway & the Westpark Tollway.

Investor Tools

Property Icon
$316,000
Estimated Property Value
$180,452Estimated Mortgage Balance
$135,893Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,025 /month
Positive
Cash Flow Estimate:
$675 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,008
$310,775
2025
$57,200
$267,438
$324,638
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,008
$310,775

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Assurance Financial Group Llc
Conventional
$198,360
No
First
Sep 30, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,452
$135,548
42%
57%
$1,190/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$2,090/mo
+$30/mo
8.1%

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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7210 Palmito Ranch Dr | Property Details | No Agent List