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$337,000

NAL Estimated Property Value

1218 Brook Grove Dr, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,306 Sq Ft
price_per_sqft$117.09 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Refrigerator, Washer
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBack Green Space
Lot Size6,826 sqft

Building Information

Year Built1986
Garage Spaces2

Land Information

APN1157210020014
Lot Number14
SubdivisionCreekstone
Land UseResidential
Legal DescriptionLT 14 BLK 2 CREEKSTONE SEC 3
Census Tract455103
Assessed Land Value$68,591
Assessed Improvement Value$240,332
Assessment Year2025

About this property

This home has been meticulously maintained, is move-in ready and includes the washer, dryer, and stainless steel refrigerator. You will love all the extensive custom shelving throughout, as well as the updated kitchen which includes quartz countertops, Kraftsmaid solid oak cabinets with soft-close, under-counter LED lighting, custom backsplash with mosaic stone panels and stainless steel appliances. You will enjoy the large 14’x14’ covered patio with twin ceiling fans and flood lighting in the oversized backyard. The backyard also has a shed which is perfect for either storing yard equipment or utilized as a workshop. With no back neighbors and a gate that goes to the green space behind the property, you and your guests will enjoy entertaining. Creekstone is a family-friendly neighborhood that has a community pool, tennis courts, playground & low HOA fee. The house has never flooded, is zoned to Katy ISD schools, and has AMAZING neighbors making this the perfect place to call home.

Investor Tools

Property Icon
$337,000
Estimated Property Value
$269,262Estimated Mortgage Balance
$67,738Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,863
$308,923
2025
$68,591
$240,332
$308,923
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,863
$308,923

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keri J Cormier
Purchase Money Mortgage
$276,210
No
First
Dec 5, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,262
$63,738
19%
80%
$1,657/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$2,057/mo
+$133/mo
7.8%

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: Katy

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1218 Brook Grove Dr | Property Details | No Agent List