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$1,039,041

8811 Fm 359 Rd, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$296.09 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Water Purifier
FlooringConcrete, Laminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size5.50 acres

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0026-00-000-0433-901
SubdivisionJno Foster Half League
Land UseResidential
Legal Description0026 JNO FOSTER HALF LEAGUE, TRACT 43 (PT), ACRES 5.5
Census Tract673300
Assessed Land Value$642,654
Assessed Improvement Value$495,755
Assessment Year2025

About this property

What a find! 5.5 beautiful unrestricted rolling acres with so many possibilities for horse lovers, car collectors, RV'ers, Air BNB, or work from home contractors. Minutes to Katy, Fulshear, Richmond & the Westpark Toll Road. Beautifully updated main home, 8 stall stables, 3 of which have turnouts to fenced / cross fenced pastures. The stables, guest house and shop could all provide income streams if not completely used by the new owner. The home has recent renovations and ready to move right in. Enjoy stunning sunsets on the extended back porches and lazy days by the pool. Approximately 30-40 Huge oak & pecan trees provide shade for long walks and family picnics. The stables measure 40X60 and has a recently installed ADA compliant restroom so it can be used for commercial purposes. The 30X48 shop has plenty of room for boats cars & RV's. There is a clean out on the side of the building that could used a private dump station. The pool house has a full bath and kitchenette. Air BNB?.

Investor Tools

Property Icon
$1,039,041
Estimated Property Value
$895,000Estimated Mortgage Balance
$232,690Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,234 /month
Positive
Cash Flow Estimate:
$2,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,668/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,823
$1,039,041
2025
$642,654
$495,755
$1,138,409
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,823
$1,039,041

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ecosorb Investments Llc
Purchase Money Mortgage
$895,000
No
First
Mar 30, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$806,351
$232,690
22%
78%
$5,366/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$5,366/mo
$-2,626/mo
3.2%

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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8811 Fm 359 Rd | Property Details | No Agent List