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514 Summer Trace Ln 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
$385K
$117.63/sqft
AVM Value
$397K
$121.26/sqft
AVM Value
$398K
$121.47/sqft
Value Range
$362K - $408K
Value Range
$372K - $422K
Value Range
$397,572
Confidence Score
94%

Margin of Error*: 6%
Confidence Score
92%

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.

5 Bed(s)
3 Full & 1 Half Bath(s)
3,273 Bldg Sqft.
8,415 Lot Sqft.

General Description

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514 Summer Trace Ln (currently not for sale) is located in Rivers Edge 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:
$ 397,572/Appraisal District ($121/sqft.)
Address:
514 Summer Trace Ln
City:
State:
TX
Zip Code:
Subdivision:
Legal Description:
RIVERS EDGE SEC 1, BLOCK 8, LOT 9
Bedrooms:
5 Bedroom(s)
Baths:
3 Full & 1 Half Bath(s)
Stories:
2 /Appraisal District
Building Sqft.:
3,273 /Appraisal District
Year Built:
2006 /Appraisal District
Lot Size:
8,415 Sqft.  /Appraisal District
Garage(s):
2


Rooms/Lot Dimensions

Game Room:
17 x 18, 2nd
Dining:
12 x 16, 1st
Kitchen:
12 x 13, 1st
Breakfast:
11 x 11, 1st
Primary Bedroom:
13 x 17, 1st
Bedroom:
11 x 11, 2nd
Bedroom:
11 x 12, 2nd
Bedroom:
12 x 13, 2nd
Bedroom:
10 x 12, 2nd
Family Room:
17 x 18, 1st



Interior Features

Oven:
Gas Oven
Fireplace:
1/Gaslog Fireplace
Countertop:
Granite
Range:
Gas Range
Heating:
Central Gas
Room Description:
Breakfast Room,Den,Formal Dining,Gameroom Up,Study/Library
Connections:
Electric Dryer Connections,Gas Dryer Connections,Washer Connections
Floors:
Carpet,Tile,Wood
Energy Feature:
Ceiling Fans,Insulated/Low-E windows
Cooling:
Central Electric
Interior:
FEFOY,HICEL
Number Of Dinning Area:
Breakfast Room,Family Room,Formal Dining,Gameroom Up,Home Office/Study,Utility Room in House
Bedroom Desc:
En-Suite Bath,Primary Bed - 1st Floor
Kitchen Desc:
Kitchen open to Family Room,Pantry
Countertop:
Bathroom Description:
Primary Bath: Double Sinks,Primary Bath: Separate Shower,Primary Bath: Jetted Tub


Exterior Features

Exterior Type:
Brick
Garage Carport:
Double-Wide Driveway
Exterior:
Back Yard Fenced,Patio/Deck
Foundation:
Slab
Roof:
Composition
Private Pool:
No
Lot Description:
Subdivision Lot
Water Sewer:
Water District


Lot Information

  Lot Size: 8,415 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

Dwelling Type:
Free Standing
HOA Mandatory:
Yes
Restrictions:
Deed Restrictions
*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 $121.47 $397,572 12.66% $332,244 10.00%
2022 $107.82 $352,880 28.52% $302,040 10.00%
2021 $83.89 $274,580 2.03% $274,580 2.03%
2020 $82.22 $269,120 2.94% $269,120 2.94%
2019 $79.87 $261,430 -1.48% $261,430 -1.48%
2018 $81.08 $265,360 3.69% $265,360 3.69%
2017 $78.19 $255,920 -9.70% $255,920 -9.70%
2016 $86.59 $283,400 8.30% $283,400 8.30%
2015 $79.95 $261,680 13.56% $261,680 13.56%
2014 $70.41 $230,440 3.78% $230,440 3.78%
2013 $67.84 $222,040 $222,040
2023 Fort Bend County Appraisal District Tax Value
Market Land Value: $49,140
Market Improvement Value: $348,432
Total Market Value: $397,572

Tax History
2023 Assessed Value/Appraisal District: $332,244
2022 Assessed Value/Appraisal District: $302,040
2021 Assessed Value/Appraisal District: $274,580
2020 Assessed Value/Appraisal District: $269,120
2019 Assessed Value/Appraisal District: $261,430
2018 Assessed Value/Appraisal District: $265,360
2017 Assessed Value/Appraisal District: $255,920
2016 Assessed Value/Appraisal District: $283,400
2015 Assessed Value/Appraisal District: $261,680
2014 Assessed Value/Appraisal District: $230,440
2013 Assessed Value/Appraisal District: $222,040
Fort Bend County Appraisal District
2023 Tax Rates
LAMAR CISD: 1.2420 %
FT BEND CO GEN: 0.4383 %
FORT BEND DRNG: 0.0129 %
FT BEND MUD 140: 1.0600 %
Total Tax Rate: 2.7532 %

Estimated Mortgage/Tax

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$2,431 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 1,518
Estimated Monthly Property Tax (Based on Tax Assessment 2023) $ 912
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:
Rivers Edge (Richmond)
County / Zip Code:
77406
Single Family Properties:
865
Average Bedrooms:
3.79
Average Baths:
2.99
Median Square Ft.:
2,604
Median Lot Square Ft.:
7,800
Median Year Built:
2008
Median Appraised Value:
$331,363
Neighborhood Value Range:
$243 - $411 K
Median Price / Square ft.:
$142.57

View Price Trends for Rivers Edge (richmond)

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

514 Summer Trace Ln is a 5 Beds, 3 Full Bath(s), property in Richmond TX 77406. View photos, map, tax, nearby homes for sale, home values, school info...

View all homes on Summer Trace Ln

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