Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days57Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$465,000

$475,000

1040 Open Sky Dr, Katy, TX, 77493

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,806 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.72 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesWater Heater, Disposal, Convection Oven, Double Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Oven
FlooringCarpet, Tile

Exterior

Lot Size8,015 sqft

Building Information

Year Built2019
Stories2
Garage Spaces2

Land Information

APN558202-003-059-000
Lot Number59
SubdivisionLake House 2
Land UseResidential
Legal DescriptionS558202 LAKE HOUSE 2 BLK 3 LOT 59
Census Tract680100
Assessed Land Value$54,800
Assessed Improvement Value$422,010
Assessment Year2025

About this property

Located behind the private gates of Lake House community, this Trendmaker home offers the clean, designer feel buyers are looking for with an open layout, abundant natural light, and a backyard that is hard to find in many newer communities. A wall of windows across the back of the home draws your attention to the extended covered patio and spacious backyard, creating one of the home's best gathering spaces. The kitchen is anchored by Cafe appliances, Silestone countertops, a large island, pot filler, and a built-in wine fridge that make everyday living and entertaining easy. Custom office doors, and an upstairs game room add flexibility for work, play, and everything in between. Additional upgrades include a whole-home water softener and reverse osmosis system. Lake House Residents enjoy walkable access to the lake, clubhouse, fitness center, pool, and highly rated Katy ISD schools, all within this gated community. Call to schedule your private tour today.

Investor Tools

$284,217Estimated Mortgage Balance
$193,188Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,861 /month
Positive
Cash Flow Estimate:
$954 /month

Interested in this property?

Jamie McMartin

Compass RE Texas, LLC - West Houston

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$779/month
$1,997/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$476,810
2025
$54,800
$422,010
$476,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$476,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$323,229
No
First
Apr 9, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,217
$192,593
40%
60%
$1,938/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1040 Open Sky Dr | Property Details | No Agent List