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$352,000

1614 Emerald River Drive, Katy, TX, 77494

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,914 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.8 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven
FlooringTile, Vinyl

Exterior

Lot Size7,414 sqft

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2952-01-001-0530-914
Lot Number53
SubdivisionFalcon Landing Sec 1
Land UseResidential
Legal DescriptionFALCON LANDING SEC 1, BLOCK 1, LOT 53
Census Tract673107
Assessed Land Value$42,900
Assessed Improvement Value$289,418
Assessment Year2025

About this property

Charming single-story Lennar design in the highly-desired, gated & golf course community of Falcon Landing. Features luxury vinyl plank flooring, pre-wired alarm system, in-ground lawn sprinkler, thick crown molding, 2" blinds, custom light fixtures & much more! >1,900 sq.ft. floor plan offers elegant formal dining, & spacious family room w/gas log fireplace & wall of built-ins. Chef's island kitchen boasts elegant granite counters, white cabinetry, & modern stainless steel appliances; including gas oven/5-burner range & built-in microwave. Eat-in breakfast space & 2 breakfast bars for tons of seating. Primary Suite offers private en-suite w/dual closets, dual sinks, & Whirlpool tub + separate shower. 2 guest beds are bright & spacious w/great closets & 2nd full bath nearby for sharing. TX-sized covered patio & fenced backyard w/storage shed & NO back neighbors. Minutes from amenities like golf club, park, pool, tennis courts & more. Near TX-99 for easy commute. Katy ISD schools!

Investor Tools

Property Icon
$352,000
Estimated Property Value
$0Estimated Mortgage Balance
$35,565Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,112 /month
Positive
Cash Flow Estimate:
$704 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
$920/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,525
$332,318
2025
$42,900
$289,418
$332,318
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,525
$332,318

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gibraltar Mortgage Services Llc
Fha
$330,896
Yes
First
Jan 19, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$316,435
$35,565
10%
90%
$2,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,982/mo
$-402/mo
8.8%

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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