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$338,852

NAL Estimated Property Value

7218 Buchanan Dr, Richmond, TX, 77469

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,064 Sq Ft
price_per_sqft$154.55 / sqft
Year BuiltBuilt in 1997

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
AppliancesDisposal, Gas Oven, Oven, Gas Range, Dishwasher
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size6,200 sqft

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces1

Land Information

APN8695-05-002-0240-901
Lot Number24
SubdivisionTara Sec 5
Land UseResidential
Legal DescriptionTARA SEC 5, BLOCK 2, LOT 24, 2ND R/P
Census Tract674603
Assessed Land Value$29,130
Assessed Improvement Value$309,722
Assessment Year2025

About this property

Imagine a place where every day feels like a retreat, a home where you can thrive and create beautiful memories. Welcome to this enchanting 3 bedroom, 2.5 bath home, nestled in the community of Tara in Richmond, TX. As you walk through the front door, you're greeted by the stunning modern luxury vinyl plank flooring, eliminating the need for carpets on the 1st floor. The open layout and expansive windows invite sunlight in every room, creating a bright and airy ambiance. As you venture into the backyard, you’ll discover your private paradise! An inviting pool for those hot summer days. Location important? Located just minutes from major highways, shopping centers, and dining, this home provides it all! Just a short stroll away, the elementary school and neighborhood park become an extension of your backyard.This home isn’t just a place to live; it’s a canvas for your family’s story. Schedule a tour today and see this beauty for yourself!

Investor Tools

Property Icon
$338,852
Estimated Property Value
$301,513Estimated Mortgage Balance
$37,339Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,033 /month
Positive
Cash Flow Estimate:
$678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,712
$338,852
2025
$29,130
$309,722
$338,852
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,712
$338,852

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nfm Inc
Fha
$309,294
Yes
First
Dec 19, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$301,513
$37,339
11%
89%
$1,855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,300/mo
$2,080/mo
+$220/mo
8.1%

City: Richmond

7218 Buchanan Dr | Property Details | No Agent List