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531 Old Colony Dr Richmond, TX 77406 Directions

Currently not for sale


Home Value Comparables

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Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

AVM Value
$242K
$172.86/sqft
AVM Value
$254K
$181.50/sqft
AVM Value
$229K
$163.29/sqft
Value Range
$218K - $266K
Value Range
$238K - $270K
Value Range
$228,602
Confidence Score
90%

Margin of Error*: 10%
Confidence Score
95%

Margin of Error*: 6%
Confidence Score
NA


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Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

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Updated as of May 2024.

3 Bed(s)
2 Full Bath(s)
1,400 Bldg Sqft.
8,540 Lot Sqft.

General Description

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531 Old Colony Dr (currently not for sale) is located in The Grove subdivision in Fort Bend County. Scroll to see the property features, tax value, mortgage calculator, nearby schools and similar homes for sale.

The property information herein and below is from the county appraisal district and should be independently verified.

Contact a REALTOR® for an estimate of this property

Status:
Not Currently For Sale
Market Value:
$ 228,602/Appraisal District ($163/sqft.)
Address:
531 Old Colony Dr
City:
State:
TX
Zip Code:
Subdivision:
Legal Description:
THE GROVE SEC 2, BLOCK 8, LOT 51
Bedrooms:
3 Bedroom(s)
Baths:
2 Full Bath(s)
Stories:
1 /Appraisal District
Building Sqft.:
1,400 /Appraisal District
Year Built:
1980 /Appraisal District
Lot Size:
8,540 Sqft.  /Appraisal District
Garage(s):
2


Rooms/Lot Dimensions

Bedroom:
12 x 11, 1st
Bedroom:
13 x 12, 1st
Primary Bedroom:
15 x 13, 1st



Interior Features

Bedroom Desc:
All Bedrooms Down,Primary Bed - 1st Floor
Energy Feature:
Ceiling Fans
Interior:
Drapes/Curtains/Window Cover,High Ceiling
Floors:
Carpet,Laminate
Cooling:
Central Electric
Heating:
Central Gas
Connections:
Electric Dryer Connections,Gas Dryer Connections,Washer Connections
Oven:
Gas Oven
Range:
Gas Range
Fireplace:
1/Gas Connections


Exterior Features

Garage Carport:
Auto Garage Door Opener
Foundation:
Slab
Roof:
Composition
Water Sewer:
Water District
Lot Description:
Greenbelt,In Golf Course Community,Subdivision Lot
Private Pool:
No
Exterior Type:
Brick,Wood
Exterior:
Back Yard Fenced,Patio/Deck,Porch,Subdivision Tennis Court


Lot Information

  Lot Size: 8,540 Lot Sqft. / Appraisal District
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy


Additional Information

Restrictions:
Deed Restrictions
HOA Mandatory:
Yes
Dwelling Type:
Free Standing
*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


Property Tax

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Cost/sqft based on Market Value
Tax Year Cost/sqft Market Value Change Tax Assessment Change
2023 $163.29 $228,602 11.75% $228,602 11.75%
2022 $146.12 $204,570 24.46% $204,570 24.46%
2021 $117.40 $164,360 -0.50% $164,360 -0.50%
2020 $117.99 $165,180 3.12% $165,180 3.12%
2019 $114.41 $160,180 11.92% $160,180 11.92%
2018 $102.23 $143,120 1.55% $143,120 1.55%
2017 $100.67 $140,940 3.23% $140,940 3.23%
2016 $97.52 $136,530 2.61% $136,530 2.61%
2015 $95.04 $133,060 19.85% $133,060 19.85%
2014 $79.30 $111,020 26.12% $111,020 26.12%
2013 $62.88 $88,030 $88,030
2023 Fort Bend County Appraisal District Tax Value
Market Land Value: $36,750
Market Improvement Value: $191,852
Total Market Value: $228,602

Tax History
2023 Assessed Value/Appraisal District: $228,602
2022 Assessed Value/Appraisal District: $204,570
2021 Assessed Value/Appraisal District: $164,360
2020 Assessed Value/Appraisal District: $165,180
2019 Assessed Value/Appraisal District: $160,180
2018 Assessed Value/Appraisal District: $143,120
2017 Assessed Value/Appraisal District: $140,940
2016 Assessed Value/Appraisal District: $136,530
2015 Assessed Value/Appraisal District: $133,060
2014 Assessed Value/Appraisal District: $111,020
2013 Assessed Value/Appraisal District: $88,030
Fort Bend County Appraisal District
2023 Tax Rates
LAMAR CISD: 1.2420 %
FT BEND CO GEN: 0.4383 %
FORT BEND DRNG: 0.0129 %
PECAN GROVE MUD: 0.6150 %
Total Tax Rate: 2.3082 %

Estimated Mortgage/Tax

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$1,313 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 873
Estimated Monthly Property Tax (Based on Tax Assessment 2023) $ 440
Home Owners Insurance Get a Quote
$
Months
Years
$
%
%
$

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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:
The Grove
County / Zip Code:
77406
Single Family Properties:
1,803
Average Bedrooms:
3.56
Average Baths:
2.51
Median Square Ft.:
2,002
Median Lot Square Ft.:
7,258
Median Year Built:
1984
Median Appraised Value:
$260,887
Neighborhood Value Range:
$213 - $327 K
Median Price / Square ft.:
$142.33

View Price Trends for The Grove

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS
Stephen F Austin Elementary School Elementary . EE - 05 . LAMAR CISD
Good
Lamar Cons High School High . 09 - 12 . LAMAR CISD
Average

View Nearby Schools

531 Old Colony Dr is a 3 Beds, 2 Full Bath(s), property in Richmond TX 77406. View photos, map, tax, nearby homes for sale, home values, school info...

View all homes on Old Colony Dr

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