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$305,000

NAL Estimated Property Value

1511 Watts Ave, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,817 Sq Ft
price_per_sqft$123.83 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size6,630 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APN1157090040009
Lot Number9
SubdivisionHeritage Meadows Corr Par R/P
Land UseResidential
Legal DescriptionLT 9 BLK 4 HERITAGE MEADOWS CORR PAR R/P
Census Tract542700
Assessed Land Value$56,690
Assessed Improvement Value$235,127
Assessment Year2025

About this property

Delightful and cheerful home awaits you in the neighborhood of Heritage Meadows located in the heart of Katy and zoned to Award Winning Katy ISD Schools. This home has an open floor plan with a nice size kitchen complete with stainless appliances, tumbled tile backsplash and center island. This 3 bed/2 bath home has a huge master suite along with a formal dining room that could be used as a study. The front and backyard have beautiful mature oak trees and lush landscaping with plenty of yard space for your pets and kids to run around and play. Hurry and book your private showing today because this home will not last long!

Investor Tools

Property Icon
$305,000
Estimated Property Value
$183,157Estimated Mortgage Balance
$121,843Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$689/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,747
$291,817
2025
$56,690
$235,127
$291,817
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,747
$291,817

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$202,500
No
First
May 14, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,157
$121,843
39%
60%
$1,215/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,465/mo
+$765/mo
8.8%

City: Katy

1511 Watts Ave | Property Details | No Agent List