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$500,000

NAL Estimated Property Value

8709 Madrid St, North Richland Hills, TX, 76180

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,922 Sq Ft
price_per_sqft$260.09 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater
FlooringCarpet, Simulated Wood, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size4,530 sqft

Building Information

Year Built2016
Garage Spaces2

Land Information

APN19096G-B-42
Lot Number42
SubdivisionHometown Canal District, The
Land UseResidential
Legal DescriptionHOMETOWN CANAL DISTRICT, THE BLOCK B LOT 42
Census Tract113221
Assessed Land Value$100,000
Assessed Improvement Value$400,000
Assessment Year2025

About this property

Welcome to 8709 Madrid Street in North Richland Hills! This beautiful corner-lot home is just steps away from nearby walking and biking trails, conveniently located within the highly sought-after HomeTown community. Meticulously maintained, this open-concept 3 bed, 2.5 bath home features elegant updates including granite countertops and stainless steel appliances. The oversized garage has plenty of storage and room for a work area. A covered patio and backyard are perfect for evening cookouts. Zoned for Birdville ISD and within walking distance to the award winning Walker Creek Elementary, this charming home is perfect for families! Don’t miss the opportunity to be part of the Home Town community in North Richland Hills.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$332,602Estimated Mortgage Balance
$167,398Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$895/month
$456/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,241
$500,000
2025
$100,000
$400,000
$500,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,241
$500,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Conventional
$345,000
No
First
May 20, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$332,602
$167,398
33%
67%
$2,069/mo

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: North Richland Hills

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8709 Madrid St | Property Details | No Agent List