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General Description
minimize**INVESTORS ONLY**Tenant occupied until April 2023* Great opportunity for immediate income! One-story home in Pecan Grove with 3 bedrooms, 2 baths. This open floor plan features cathedral ceilings, spacious & open living area, large dining area, large primary bedroom and huge backyard with no back neighbors. ROOF 2013. AC 2014. WATER HEATER 2013. Community features: pool, clubhouse, playground, parks, walking trails, golf and tennis courts. Low tax rate! Low HOA!
MLS#:
78929280 (HAR)
Sold Price Range:
$215,001 - $250,000
Listing Status:
Sold
Address:
531 Old Colony Drive
City:
Richmond
State:
TX
Zip Code:
County:
Subdivision:
Legal Description:
THE GROVE SEC 2, BLOCK 8, LOT 51
Property Type:
Single-Family
Bedrooms:
3 Bedroom(s)
Baths:
2 Full Bath(s)
Garage(s):
2 / Attached
Stories:
1
Style:
Traditional
Year Built:
1980 / Appraisal District
Building Sqft.:
1,400 /Appraisal District
Lot Size:
8,540 Sqft. /Appraisal District
Maintenance Fee:
$ 195 / Annually
Key Map©:
566N
Market Area:
Master Planned Community:
Rooms/Lot Dimensions
Living:
1st
Dining:
1st
Kitchen:
1st
Primary Bedroom:
15 x 13, 1st
Bedroom:
12 x 11, 1st
Bedroom:
13 x 12, 1st
Primary Bath:
1st
Utility Room Desc:
In Garage
Interior Features
Fireplace:
1/Gas Connections
Floors:
Carpet, Laminate
Bedroom Description:
All Bedrooms Down, Primary Bed - 1st Floor
Cooling:
Central Electric
Heating:
Central Gas
Connections:
Electric Dryer Connections, Gas Dryer Connections, Washer Connections
Compactor:
No
Range:
Gas Range
Dishwasher:
Yes
Ice Maker:
No
Microwave:
No
Oven:
Gas Oven
Disposal:
Yes
Energy Feature:
Ceiling Fans
Interior:
Drapes/Curtains/Window Cover, High Ceiling
Exterior Features
Roof:
Composition
Foundation:
Slab
Private Pool:
No
Exterior Type:
Brick, Wood
Lot Description:
Greenbelt, In Golf Course Community, Subdivision Lot
Garage Carport:
Auto Garage Door Opener
Water Sewer:
Water District
Unit Location:
Greenbelt, In Golf Course Community, Subdivision Lot
Area Pool:
Yes
Exterior:
Back Yard Fenced, Patio/Deck, Porch, Subdivision Tennis Court
Additional Information
HOA Mandatory:
Yes
List Type:
Exclusive Right to Sell/Lease
Dwelling Type:
Free Standing
Buyer Agent Compensation*:
3.0%
Sub Agent Compensation*:
0.0%
Financial Information
Financing Considered:
Cash Sale, Conventional
Other Fees:
Yes / 250 / Transfer Fee
Ownership:
Full Ownership
Maintenance Fee:
Mandatory / $195 / Annually
Taxes w/o Exemp:
$3, 829/2021
Tax Rate:
2.3298
Listing Broker:
Keller Williams Premier RealtyProperty Tax
minimizeMarket Value Per Appraisal District
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 |
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
minimize
$1,269 Monthly
| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 829 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 440 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 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
minimizeSchool 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
Good | 
WESSENDORF/LAMAR JUNIOR HIGH Middle .
.
Average | View Nearby Schools ↓
Property Map
minimize531 Old Colony Drive Richmond TX 77406 was recently sold. It is a 0.20 Acre(s) Lot, 1,400 SQFT, 3 Beds, 2 Full Bath(s) in The Grove Sec 2.
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