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$495,000

8407 Terrace Valley Cir, Richmond, TX, 77407

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,365 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.1 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Water Softener, Microwave, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size11,826 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN3528-05-002-0290-907
Lot Number29
SubdivisionGrand Mission Estates Sec 5
Land UseResidential
Legal DescriptionGRAND MISSION ESTATES SEC 5, BLOCK 2, LOT 29
Census Tract672907
Assessed Land Value$115,830
Assessed Improvement Value$461,843
Assessment Year2025

About this property

Pride of ownership shines throughout this beautifully maintained, original-owner home in Grand Mission Estates! The thoughtfully designed floor plan features two bedrooms downstairs and two bedrooms upstairs, along with a formal dining room, butler's panty, spacious game room, and a formal living area that can easily serve as a home office or study. The primary suite offers a relaxing retreat with a Jacuzzi tub and separate shower with built-in accessibility bench. Additional features include fully paid-off, SOLAR PANELS, a water softener, sprinklers, security system, and a 3 tandem car garage. Step outside to an oversized backyard designed for both relaxation and entertaining. Enjoy an oversized lot, half quart basketball court, covered patio, and already-installed outdoor cooking and grilling setup, perfect for gatherings with family and friends. Established fig and pomegranate trees add charm to the backyard, while no back neighbors provide additional privacy. Awaiting new owner!

Investor Tools

$0Estimated Mortgage Balance
$574,386Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,446 /month
Positive
Cash Flow Estimate:
$1,149 /month

Interested in this property?

Fatima Ahmed

Realm Real Estate Professionals - Katy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,473
$574,386
2025
$115,830
$461,843
$577,673
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,473
$574,386

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$574,386
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,050/mo
$1,150/mo
+$1,900/mo
6.4%

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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8407 Terrace Valley Cir | Property Details | No Agent List