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$397,000

NAL Estimated Property Value

1622 Fossil Park Drive, Katy, TX, 77494

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,144 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.44 / sqft
Year BuiltBuilt in 2001

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, Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size7,088 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2952-04-003-0520-914
Lot Number52
SubdivisionFalcon Landing Sec 4
Land UseResidential
Legal DescriptionFALCON LANDING SEC 4, BLOCK 3, LOT 52
Census Tract673107
Assessed Land Value$42,900
Assessed Improvement Value$327,109
Assessment Year2025

About this property

OUTSTANDING ONE-STORY HOME located within the GATED Falcon Landing subdivision! SUPERIOR location with a desirable open-concept design & customized outdoor patio make this one special home. Great floorplan featuring 3 bedrooms, 2 baths, formal dining, study/playroom option, breakfast rm, island kitchen & 2-car attached garage. You will marvel over the countless upgrades including travertine backsplash, granite, Bosch appliances, SS refrigerator, brushed SS farmhouse sink & faucet, & granite countertops. Beautiful engineered wood flooring, enhanced security system, TRANE brand AC, primary has 2 closets & updated bathrooms. AMAZING COVERED BACK PATIO customized to create an inviting space with gorgeous woodwork that adds natural, rustic charm. A/C Outdoor Shed offers extra flexspace for art studio/storage/toys. You will appreciate the serene backyard views. Highly acclaimed KISD schools! Close proximity to shopping, restaurants, Falcon Point golf course (*Members only) & 99/Grand Pkwy!

Investor Tools

Property Icon
$397,000
Estimated Property Value
$708,890Estimated Mortgage Balance
$397,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,382 /month
Positive
Cash Flow Estimate:
$794 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$670/month
$1,045/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,049
$370,009
2025
$42,900
$327,109
$370,009
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,049
$370,009

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$361,350
No
First
Apr 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$708,890
N/A
0%
179%
$4,334/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$5,379/mo
$-2,799/mo
7.8%

City: Katy

1622 Fossil Park Drive | Property Details | No Agent List