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$995,000

1427 Kelliwood Oaks Drive, Katy, TX, 77450

Under ContractInfo
Beds4 Beds
Baths4 Bath
Baths4,476 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.3 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Water Softener, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Engineered Wood, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size11,935 sqft

Building Information

Year Built1988
Stories2
Garage Spaces2

Land Information

APN1153720020021
Lot Number21
SubdivisionKelliwood Nottingham Country 1
Land UseResidential
Legal DescriptionLT 21 BLK 2 KELLIWOOD NOTTINGHAM COUNTRY 1
Census Tract454700
Assessed Land Value$118,454
Assessed Improvement Value$692,687
Assessment Year2025

About this property

Completely remodeled Kelliwood estate featuring 6 bedrooms, 4.5 baths, and a rare layout with 2 bedrooms downstairs. Grand foyer with soaring ceilings opens to spacious living areas with hardwood floors, abundant natural light, and a quartzite fireplace. Designer kitchen offers custom cabinetry, quartzite countertops, oversized island, high-end appliances, floating shelves, and dual sinks. Spacious primary suite features dual walk-in closets and a spa-like bath. Upstairs includes 4 bedrooms, 2 full baths, a game room, and storage room. Roof replaced approximately 6 years ago. Oversized backyard and 3-car garage on a desirable tree-lined street with convenient access to I-10. Current owners have invested approximately $60,000 in improvements since purchase, including major HVAC and attic upgrades, new downstairs A/C and furnace, whole-house water filtration, reverse osmosis drinking water system, and garage upgrades with epoxy flooring and custom storage. All information per seller.

Investor Tools

$646,547Estimated Mortgage Balance
$291,453Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$670/month
$1,050/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,355
$811,141
2025
$118,454
$692,687
$811,141
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,355
$811,141

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chartered Bank
Conventional
$662,200
No
First
Feb 14, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$646,547
$291,453
31%
69%
$3,971/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: Katy

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