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$324,000

NAL Estimated Property Value

1505 Watts Ave, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,951 Sq Ft
price_per_sqft$154.79 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher, Oven
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,649 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APN1157090040010
Lot Number10
SubdivisionHeritage Meadows Corr Par R/P
Land UseResidential
Legal DescriptionLT 10 BLK 4 HERITAGE MEADOWS CORR PAR R/P
Census Tract542700
Assessed Land Value$57,644
Assessed Improvement Value$260,763
Assessment Year2025

About this property

Here is your chance to own a great home situated on a corner lot in the highly sought after subdivision of Heritage Meadows. This home has a plunge POOL and a Generac home GENERATOR. A large primary bedroom and bathroom, a generously sized kitchen with stainless appliances, a massive living room with a gas log FIREPLACE, and a 15'x6' enclosed covered patio/sunroom are just a few of the features that you will love about this place! This home is going to need some "sweat equity" and is priced accordingly, it is zoned to highly acclaimed KatyISD schools and minutes from great shopping, dining and major freeways. Don't miss out on this opportunity, make your showing appointment today!

Investor Tools

Property Icon
$324,000
Estimated Property Value
$229,101Estimated Mortgage Balance
$94,899Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,944 /month
Positive
Cash Flow Estimate:
$648 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$632
$318,407
2025
$57,644
$260,763
$318,407
No

Tax History

Year
Tax Paid
Assessed Value
2024
$632
$318,407

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$236,500
Yes
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,101
$89,306
28%
71%
$1,418/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,718/mo
+$512/mo
8.3%

City: Katy

1505 Watts Ave | Property Details | No Agent List