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$580,919

1706 Drexel Drive, Katy, TX, 77493

Off Market

4 Beds

3 Bath

3,200 Sq Ft

Single Family Residence

$257.81 / sqft

Built in 1970

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher

FlooringCarpet, Marble, Tile, Wood

Exterior

Private Pool

Lot Size17,001 sqft

Building Information

Year Built1970

Stories1

Garage Spaces5

Land Information

APN1031090000002

Lot Number2

SubdivisionNorth Katy Estates

Land UseResidential

Legal DescriptionLT 2 BLK 1 NORTH KATY ESTATES

Census Tract542700

Assessed Land Value$81,800

Assessed Improvement Value$499,119

Assessment Year2025

About this property

Rare opportunity! OVER 1.5 ACRES residential zoned property in heart of Old Katy in highly desired North Katy Estates. Towering oaks and crepe myrtles embrace main house w/A+ curb appeal, pavestone walkways, landscape boulders, full sprinkler, leaded glass front door w/dual sidelights! Pool/workshop/carport/boat/camper parking! Both formals, study/home office, huge primary BR w/sitting room/fireplace! PLUS family room, gameroom w/magnificent FP & wall of windows looking out on gorgeous bckyrd pool/deck! Large utility/mud room w/sink/full pool bath, safe room! NEW ROOF 2020, DOUBLE PANE WINDOWS! Updated kit w/Silestone, isle w/breakfast bar, 2nd sink, HUGE walk in pantry! BUT WAIT THERE'S MORE!! Separate 4 CAR GAR w/1543 sq ft living area guest quarters/apartment with large den, kitchen, BR/FULL bath down & HUGE 38x28 2nd floor dorm/MANCAVE, w/full bath up, recent water heater! Two 17,000 square foot lots w/tons of possibilities! Highly acclaimed Katy JH/SH. OLD KATY PEACE and QUIET!

Investor Tools

$580,919

Estimated Property Value

$0Estimated Mortgage Balance

$188,991Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,950 /month

Positive

Cash Flow Estimate:

$1,650 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,014/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,265

$580,919

2025

$81,800

$499,119

$580,919

Tax History

Year

Tax Paid

Assessed Value

2024

$9,265

$580,919

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cornerstone Home Lending Inc

Conventional

$431,650

First

Jul 30, 2021

Aug 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$391,928

$188,991

32%

67%

$2,588/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$2,588/mo

$-358/mo

4.6%

Learn About the Market: Opportunity in Texas

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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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