Houston Daily

The home at 6505 Fm 723 Road, Richmond was sold on May 2 by K Hovnanian of Houston II LLC for $587,120.

The buyers were Unamrried Robert Frank ONE1L 1R an and Liz Parr.

The property tax paid for this property in 2020 was $13,128. This is 2.2% of the assessed value of the home.

This property is one of 82 sales in Richmond (Fort Bend County) from April 2 to May 2.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.