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$415,603

NAL Estimated Property Value

1723 Cornerstone Place Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,328 Sq Ft
price_per_sqft$168.6 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Lot Size9,518 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN1153490040002
Lot Number2
SubdivisionCornerstone Place
Land UseResidential
Legal DescriptionLT 2 BLK 4 CORNERSTONE PLACE SEC 1
Census Tract455000
Assessed Land Value$89,668
Assessed Improvement Value$325,935
Assessment Year2025

About this property

Get ready to dive into your new home! This beautiful property in Cornerstone Place is in the heart of Katy, within the highly desirable greater Cinco Ranch area. The spacious living areas, anchored by a cozy brick fireplace and built-in bar, is designed for memorable gatherings. A more intimate family room at the front of home offers a peaceful place to relax with large, front-facing windows. The thoughtful split bedroom floorplan provides added privacy, with the primary suite and spacious ensuite bath situated at the front of the house. The additional bedrooms on the east side of the house share a well-appointed full bathroom, ensuring comfort for everyone. All bedrooms feature walk-in closets, offering plenty of storage. Step outside into a beautifully designed backyard, complete with a sparkling pool, added privacy with no back neighbors, and Katchakid Safety Netting for peace of mind - ideal for relaxing or entertaining year round.

Investor Tools

Property Icon
$415,603
Estimated Property Value
$0Estimated Mortgage Balance
$66,046Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,494 /month
Positive
Cash Flow Estimate:
$831 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$671/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,972
$415,603
2025
$89,668
$325,935
$415,603
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,972
$415,603

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$415,603
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$800/mo
+$2,030/mo
8.2%

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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1723 Cornerstone Place Dr | Property Details | No Agent List