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$312,000

NAL Estimated Property Value

1084 Velvet Ct, Troy, TX, 76579

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,889 Sq Ft
price_per_sqft$166.75 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size5,750 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces1

Land Information

APN511953
Lot Number59
SubdivisionCottonwood Creek Phase I
Land UseResidential
Legal DescriptionCOTTONWOOD CREEK PHASE I, BLOCK 002, LOT 0059
Census Tract020101
Assessed Land Value$45,000
Assessed Improvement Value$246,666
Assessment Year2025

About this property

Welcome to 1084 Velvet Court, a beautiful and spacious home nestled in the desirable Cottonwood Creek Subdivision in Troy, TX. Built in 2023, this modern residence provides 4 bedrooms and 2 bathrooms, providing ample space for comfortable living. One of the larger models in the neighborhood, this home features an open concept layout with a seamless flow between the kitchen, dining, and living areas, perfect for entertaining or everyday life. The kitchen is a standout with its large island giving additional seating, sleek finishes, and plenty of storage space. Recessed lighting throughout the home adds a bright and welcoming touch. The main bedroom suite features an ensuite bathroom complete with a separate shower for added comfort and privacy. Outside, the spacious backyard provides plenty of room for outdoor enjoyment, gardening, or future projects. Residents of Cottonwood Creek enjoy access to great community amenities and a convenient location between Waco and Temple, providing the best of smalltown charm and city accessibility. Don’t miss your chance to make this beautiful home yours, schedule your private showing today!

Investor Tools

Property Icon
$312,000
Estimated Property Value
$269,060Estimated Mortgage Balance
$42,940Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,898
$291,666
2025
$45,000
$246,666
$291,666
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,898
$291,666

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$282,321
Yes
First
Oct 2, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,060
$42,940
13%
86%
$1,693/mo

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.

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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: Troy

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1084 Velvet Ct | Property Details | No Agent List