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$389,000

1603 Carters Grove Ln, Katy, TX, 77449

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,847 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$117.67 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size8,638 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1101130000019
Lot Number19
SubdivisionWilliamsburg Settlement
Land UseResidential
Legal DescriptionLT 19 BLK 4 WILLIAMSBURG SETTLEMENT SEC 1
Census Tract542500
Assessed Land Value$59,625
Assessed Improvement Value$275,375
Assessment Year2025

About this property

Welcome home! This fantastic Williamsburg Settlement beauty features 4 bedrooms/2.5 baths and a backyard oasis! Updates GALORE! Shines with the pride of ownership! Fresh paint (inside and out), wood tile floors, lighting, double oven, granite and more! The spacious family room overlooks the resort like backyard and has a cozy gas log fireplace and wet bar. The island kitchen features SS appliances, double ovens, recent faucet, pot rack with great cabinet and counter space! The relaxing owners retreat has a gas log fireplace, dual sinks and closets! Great secondary bedrooms! Lots of storage! Stone decking leads you out to the sparkling pool and well-manicured yard! A great space for entertaining! Katy ISD schools! Easy access to Katy Freeway and 99! Close to schools and shopping!

Investor Tools

Property Icon
$389,000
Estimated Property Value
$256,125Estimated Mortgage Balance
$156,444Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$559/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,760
$335,000
2025
$59,625
$275,375
$335,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,760
$335,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$256,125
No
First
Jul 16, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,556
$157,444
40%
60%
$1,536/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,780/mo
$2,286/mo
+$494/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1603 Carters Grove Ln | Property Details | No Agent List