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$257,000

NAL Estimated Property Value

7214 Chasegrove Ln, Richmond, TX, 77407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,475 Sq Ft
price_per_sqft$179.66 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Free-Standing Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Lot Size5,494 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4794-01-003-0120-901
Lot Number12
SubdivisionLakemont Terrace Sec 1
Land UseResidential
Legal DescriptionLAKEMONT TERRACE SEC 1, BLOCK 3, LOT 12
Census Tract672906
Assessed Land Value$41,600
Assessed Improvement Value$213,807
Assessment Year2025

About this property

This beautifully crafted Perry Homes single-story residence offers an elegant blend of style, comfort, and effortless living in the highly sought-after Lakemont community of Richmond, Texas. With 3 spacious bedrooms and 2 thoughtfully designed baths, the home flows with natural light through generous living areas perfect for both relaxed everyday moments and refined entertaining. Recent enhancements — new full interior paint, new carpet, and charming refreshed landscaping — elevate its presentation and provide a truly move-in-ready experience. Ideally positioned near a picturesque corner park with playground, walking trails, lakes, community pool, tennis & other amenities with shopping, and convenient access to Grand Parkway 99 and Westpark Toll Road, the property enjoys a peaceful setting complemented by the amenities Lakemont is celebrated for. A distinctive opportunity to enjoy elevated single-story living in one of Richmond’s most cherished neighborhoods.

Investor Tools

Property Icon
$257,000
Estimated Property Value
$254,183Estimated Mortgage Balance
$2,817Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$545
$250,760
2025
$41,600
$213,807
$255,407
No

Tax History

Year
Tax Paid
Assessed Value
2025
$545
$250,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Fha
$255,290
Yes
First
Feb 13, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,183
$3,817
1%
99%
$1,531/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$2,281/mo
+$79/mo
11.0%

City: Richmond

7214 Chasegrove Ln | Property Details | No Agent List