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$590,000

NAL Estimated Property Value

1607 Rustic Knolls Dr, Katy, TX, 77450

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,763 Sq Ft
price_per_sqft$159.18 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size7,362 sqft

Building Information

Year Built1982
Stories2
Garage Spaces2

Land Information

APN1142490190016
Lot Number16
SubdivisionNottingham Country R/P
Land UseResidential
Legal DescriptionLT 16 BLK 19 NOTTINGHAM COUNTRY SEC 8 R/P
Census Tract454700
Assessed Land Value$133,805
Assessed Improvement Value$445,115
Assessment Year2025

About this property

Check out this hidden gem in the highly desired Nottingham Country neighborhood! Fully updated and upgraded inside and out with the highest quality materials and craftsmanship and with attention to the smallest details, this home is turnkey and move-in ready, needing only a new family to make it their own. This home is designed around maximizing the quality and comfort of home life with large indoor and outdoor living/entertaining spaces, large first floor master, four large secondary bedrooms, game room, four luxury bathrooms, and a chef’s kitchen. No surface or fixture in this home remains untouched and offers buyers the next best thing to new construction in an established, close-in neighborhood with mature trees and easy access to amenities, the Energy Corridor, world class healthcare, and the best schools that Katy ISD has to offer. Scroll through the photos, and as you do, understand that they do not do this home justice. This is one you really must see with your own eyes!

Investor Tools

Property Icon
$590,000
Estimated Property Value
$461,841Estimated Mortgage Balance
$128,159Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$912/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,996
$578,920
2025
$133,805
$445,115
$578,920
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,996
$578,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$476,000
No
First
Sep 13, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$461,841
$118,159
20%
78%
$2,854/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$3,154/mo
$-964/mo
4.5%

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.

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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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1607 Rustic Knolls Dr | Property Details | No Agent List