Houston Daily

The home at 6505 Fm 723 Road, Richmond was sold on July 25 by Van Tran and Tran Thu M. for $587,120.

The buyers were Van and Ha Thanh Tran, Van Tran, Tran Thu M., Thanh Tran Ha and Tran Vinh Quoc.

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 78 sales in Richmond (Fort Bend County) from June 25 to July 25.

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.