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Days19Days on Market
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$327,900

1516 Colonial Gorge Drive, Katy, TX, 77493

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,946 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$168.5 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,786 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1484150010063
Lot Number63
Land UseResidential Single Family
Legal DescriptionLT 63 BLK 1 COLONIAL HEIGHTS
Census Tract542600
Assessed Land Value$53,418
Assessed Improvement Value$20,324
Assessment Year2025

About this property

This 4-bedroom home offers the perfect blend of comfort and convenience within a gated community. Designed with desirable first-floor living, the home provides a functional layout ideal for both everyday living and easy entertaining. The primary suite features a generous walk-in closet and a well-appointed bath complete with dual vanities, a floating tub, and a separate shower. Enjoy quick access to I-10 and Highway 99, along with close proximity to the new Katy Asiatown, Memorial Hermann Katy Hospital, and many of the area’s popular shopping, dining, and entertainment destinations. Set in one of Katy’s growing areas, this home offers accessibility, comfort, and an exceptional lifestyle in a prime location.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$0Estimated Mortgage Balance
$312,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,967 /month
Positive
Cash Flow Estimate:
$656 /month

Interested in this property?

Reed Coleman

City Choice Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$73,742
2025
$53,418
$20,324
$73,742
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$73,742

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$312,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,100/mo
+$1,130/mo
8.6%

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.

Explore Texas Explore This Area
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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1516 Colonial Gorge Drive | Property Details | No Agent List