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$636,350

NAL Estimated Property Value

1515 Avenue A, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,356 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$449.85 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size42,240 sqft

Building Information

Year Built1959
Stories1
Garage Spaces2

Land Information

APN0220330000016
Lot Number16
SubdivisionKaty Outlots
Land UseResidential
Legal DescriptionLT 16 KATY OUTLOTS
Census Tract542700
Assessed Land Value$506,880
Assessed Improvement Value$129,470
Assessment Year2025

About this property

UNRESTRICTED DOWNTOWN KATY IS READY FOR YOUR BUSINESS. SELLER SAYS BRING AN OFFER!! NEAR AN ACRE OF LAND WITH A SMALL HOUSE, This 42,220 sq-ft in the heart of DOWNTOWN KATY CAN BE DEVELOPED AND ....the opportunities are endless. Katy is a walkable town, with festivals, parks, churches, and antique shops. Their own police and fire department takes only minutes to respond. Easy access to the Grand Parkway and I-10. Katy Mills shopping center is 5 miles away. Plenty of space for family gatherings, putting in a swimming pool, or planting a backyard garden. Come enjoy life in Old Towne Katy.

Investor Tools

Property Icon
$636,350
Estimated Property Value
$46,127Estimated Mortgage Balance
$590,223Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,818 /month
Positive
Cash Flow Estimate:
$1,273 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,375/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,324
$636,350
2025
$506,880
$129,470
$636,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,324
$636,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hibernia National Bank
Unknown
$106,675
No
First
May 16, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$46,127
$590,223
92%
7%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
N/A
+$2,230/mo
4.2%

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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1515 Avenue A | Property Details | No Agent List