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Days56Days on Market
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$600,000

$625,000

1014 Longdraw Dr, Katy, TX, 77494

On MarketInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths3,358 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.68 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock
Lot Size9,100 sqft

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2531-02-003-0250-914
Lot Number25
SubdivisionCountry Lakes Sec 2
Land UseResidential
Legal DescriptionCOUNTRY LAKES SEC 2, BLOCK 3, LOT 25
Census Tract673108
Assessed Land Value$71,500
Assessed Improvement Value$493,729
Assessment Year2025

About this property

Welcome home to this charming two-story residence in the highly sought-after Grayson Lakes community! This beautiful home features 4 spacious bedrooms and 3.5 bathrooms,3 car tandem garage, offering plenty of room for comfortable living. Enjoy a large game room perfect for entertaining, relaxing, or family fun, along with a formal dining room and a formal living area that can easily be used as a private study or home office. Step outside to your private backyard oasis, complete with a sparkling pool and hot tub—ideal for unwinding or hosting gatherings year-round. With its inviting layout and thoughtful design, this home truly has it all. Grayson Lakes offers a vibrant community lifestyle with access to tennis courts, playgrounds, a community pool, clubhouse, and scenic walking paths along the lakes. Conveniently located near I-10 and zoned to highly rated Katy ISD schools, LOW Tax Rate, this home perfectly blends comfort, convenience, and community living.

Investor Tools

$227,565Estimated Mortgage Balance
$391,435Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,714 /month
Positive
Cash Flow Estimate:
$1,238 /month

Interested in this property?

Nicolette Belaiter-de buck

CB&A, Realtors-Katy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
$1,425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,112
$538,643
2025
$71,500
$493,729
$565,229
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,112
$538,643

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Stand Alone First / Home Equity First Lien
$285,000
No
First
Dec 7, 2016
Jan 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,565
$391,435
63%
37%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,134/mo
+$206/mo
6.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Katy

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