NoAgentList RatingHow are grades calculated?

6view

Owner Contacts

$633,000

NAL Estimated Property Value

1315 Avenue C, Katy, TX, 77493

Off Market

3 Beds

2 Bath

2,447 Sq Ft

Single Family Residence

$277.85 / sqft

Built in 1945

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Lot Size21,000 sqft

Building Information

Year Built1945

Stories1

Garage Spaces2

Land Information

APN0272680000001

Lot Number1-4

SubdivisionNorth Thomas To Katy

Land UseResidential

Legal DescriptionLTS 1 2 3 4 BLK 2 NORTH THOMAS TO KATY

Census Tract542700

Assessed Land Value$252,000

Assessed Improvement Value$238,532

Assessment Year2025

About this property

Lovely 1 owner, 1 story home in old Katy - beautiful trees/mature landscaping. Updated price. 3/2/2 home with pool on spacious 21,128 sq ft lot. Home built in 1945, has been lovingly maintained & updated. Kitchen is centrally located in home with over sink views of front yard & drive. Wood floors installed throughout & windows have been replaced with wood clad double pane windows. Spacious family room with vaulted ceiling & fireplace create a lovely space to gather. Formal dining & living space located at front of home. Pass through porch creates entry from garage to home with adjoining greenhouse. Secluded backyard space is beautifully landscaped with pool & patio. Located in the heart of old Katy, the home is grandfathered in as residential but has commercial potential as is located in C1 zone. Could be a perfect residence or possible location for a business. This property offers many options to buyer. Zoned Katy High/Katy Jr. & Elem. No MUD/No HOA. Never flooded. Low tax rate.

Investor Tools

$633,000

Estimated Property Value

$604,232Estimated Mortgage Balance

$28,768Estimated Equity

4% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,079 /month

Positive

Cash Flow Estimate:

$1,360 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$353/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,074

$490,532

2025

$252,000

$238,532

$490,532

Tax History

Year

Tax Paid

Assessed Value

2024

$1,074

$490,532

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Celtic Bank Corporation

Commercial

$613,200

First

Jul 23, 2025

Jul 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$604,232

$26,768

95%

$3,677/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$3,677/mo

$-1,447/mo

4.2%

Learn About the Market: Opportunity in Texas

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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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