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B+
NoAgentList RatingHow are grades calculated? Info

$361,000

1631 Mills Pass Way, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,254 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.14 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size9,689 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5016-01-001-0640-914
Lot Number64
SubdivisionMills Pointe Sec 1
Land UseResidential
Legal DescriptionMILLS POINTE SEC 1, BLOCK 1, LOT 64
Census Tract673103
Assessed Land Value$38,610
Assessed Improvement Value$303,748
Assessment Year2025

About this property

Are you looking for a 3 bedroom, single story home, with a Formal Living Room, Formal Dining Room, Family Room, AND a lot that would support a HUGE POOL, and a garden, and a HUGE Swing Set and STILL have Room? The Quality of this David Weekley Home is evident throughout. The formals are carpeted with crown molding and the Kitchen is open to the Family room and breakfast area with a great view of the back yard. This cul-de-sac home is just a short walk to the playground and walking trails complete with benches and park lights. The tile is laid on a diagonal throughout the home and is an easy to decorate with neutral earth tone. The carpet is a light tan and the paint is very light warm caramel. Sitting on the back porch, you can see the humming birds and smell the rosemary bushes. Come see why this home will be SOLD to the first buyer!

Investor Tools

Property Icon
$361,000
Estimated Property Value
$355,933Estimated Mortgage Balance
$6,094Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,597
$342,358
2025
$38,610
$303,748
$342,358
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,597
$342,358

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mason Mcduffie Mortgage Corp
Unknown
$355,933
No
First
Mar 26, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,906
$1,094
0%
98%
$2,134/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,634/mo
$-54/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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1631 Mills Pass Way | Property Details | No Agent List