NOT LISTED FOR SALE

506 Ellwood Terrace Ln Richmond, TX 77406

Estimated Value: $446,000 - $471,000

4 Beds
3.5 Baths
2,949 Sq Ft
$156/Sq Ft Est. Value

Last Sold March 09, 2022

Current estimated payment $3,247/month

222 Days on Market

Highlights

  • Home Theater
  • Deck
  • Granite Countertops
  • New Construction
  • Traditional Architecture
  • Game Room

About This Home

As of March 2022

Brand NEW energy-efficient home ready NOW! Unwind in the Kendall’s private main level primary suite. Stone cabinets with marble-look white quartz countertops, warm wood-look tile flooring with beige tweed carpet in our Fresh package. Make long commutes a thing of the past thanks to major road improvements on US-90 and
FM359. The kids will love attending school in the sought-after Lamar Consolidated ISD and the area offers an affordably low
tax rate. Downtown Richmond is home to many new boutiques, restaurants, and longstanding businesses. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

Last Agent to Sell the Property

Patrick Mcgrath

Meritage Homes Realty License #0434432 Listed on: 07/17/2021

Last Buyer's Agent

Mohammad Zubair Khatri

Roots Brokerage License #0572884

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,106

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 6,098 Sq Ft Lot
  • Back Yard Fenced
  • Sprinkler System

HOA Fees

  • $69 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Cement Siding
  • Stone Siding

Interior Spaces

  • 2,949 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Insulated Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Dining Room
  • Home Theater
  • Home Office
  • Game Room
  • Utility Room
  • Electric Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Vanity
  • Bathtub with Shower
  • Separate Shower

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • Energy-Efficient Doors
  • Energy-Efficient Thermostat

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Long Elementary School
  • Wessendorf/Lamar Junior High School
  • Lamar Consolidated High School

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Tankless Water Heater

Community Details

  • Community Solutions Association, Phone Number (713) 429-5440
  • Built by Meritage Homes
  • Mandola Farms Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,106

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$69 per month

Parking

2

Listing Details

  • Directions: From 59 South, exit US-90 and turn right. Continue down US-90 passing SH-99 (Grand Parkway). The community will be ¼ on your left just past FM 359.
  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Building Stories: 2
  • Year Built: 2021
  • Lot Size Acres: 0.14
  • Subdivision Name: Mandola Farms
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Appliances, Doors, HVAC, Insulation, Lighting, Thermostat, Water Heater, Windows
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Convection Oven, Dishwasher, Disposal, Gas Range, Microwave, ENERGY STAR Qualified Appliances, Tankless Water Heater
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Insulated Doors
  • Flooring: Carpet, Plank, Tile, Vinyl
  • Interior Amenities: Double Vanity, Entrance Foyer, Granite Counters, Kitchen Island, Kitchen/Family Room Combo, Pantry, Quartz Counters, Separate Shower, Tub Shower, Ceiling Fan(s), Programmable Thermostat
  • Living Area: 2949.0
  • Dining Room Type: Dining Room, Family Room, Game Room, Media Room, Office, Utility Room
  • Window Features: Low-Emissivity Windows
  • ResoLivingAreaSource: Builder

Exterior Features

  • Builder Name: Meritage Homes
  • Disclosures: None
  • Roof: Composition
  • Fencing: Back Yard
  • Lot Features: Subdivision
  • Pool Private: No
  • Construction Type: Brick, Cement Siding, Stone, Wood Siding
  • Exterior Features: Covered Patio, Fence, Sprinkler/Irrigation, Patio
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck, Patio
  • Property Condition: New Construction

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage

Utilities

  • Laundry Features: Electric Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 825.0
  • Association Fee Frequency: Annually
  • Association Name: Community Solutions
  • Phone: 713-429-5440
  • Association: Yes

Schools

  • Elementary School: LONG ELEMENTARY SCHOOL (LAMAR)
  • Junior High Dist: 33 - Lamar Consolidated
  • High School: LAMAR CONSOLIDATED HIGH SCHOOL
  • Middle Or Junior School: WESSENDORF/LAMAR JUNIOR HIGH SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2021
Sold by
Meritage Homes Of Texas Llc
Bought by
Rasheed Syed and Rasheed Zehra
Current Estimated Value
$460,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,401
Outstanding Balance
$321,098
Interest Rate
3.05%
Mortgage Type
FHA
Estimated Equity
$139,040
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rasheed Syed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rasheed Syed $349,401
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2022 03/09/22 Sold -- -- --
02/24/2022 02/24/22 Pending -- -- --
07/17/2021 07/17/21 For Sale $436,920 -- $148 / Sq Ft
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,106 $440,191 $84,500 $355,691
2023 $8,735 $463,157 $65,000 $398,157
2022 $6,367 $297,980 $52,000 $245,980
2021 $1,235 $52,000 $52,000 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Patrick Mcgrath

    Meritage Homes Realty

    (512) 629-4581

    163 in this area

    11,961 Total Sales

    Patrick Mcgrath
    Section Image
  • Mohammad Zubair Khatri

    Buyer's Agent in 2022

    Mohammad Zubair Khatri

    Roots Brokerage

    (281) 660-1783

    4 in this area

    343 Total Sales

    Mohammad Zubair Khatri
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 24030801

Houston Association of REALTORS®

APN: 4886-01-002-0090-901

Texas Fort Bend County Richmond 77406

506 Ellwood Terrace Ln, Richmond, TX

This home is located at 506 Ellwood Terrace Ln, Richmond, TX 77406 since 17 July 2021 and is currently estimated at $460,138, approximately $156 per square foot. This property was built in 2021. 506 Ellwood Terrace Ln is a home located in Fort Bend County with nearby schools including Jane Long Elementary School, J J Wessendorff Middle School, and Lamar Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Houston Association of REALTORS® Copyright 2025, Houston REALTORS® Information Service, Inc.
The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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