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Owner Contacts

$595,000

1931 Cornerstone Place Drive, Katy, TX, 77450

Off Market

4 Beds

4 Bath

3,300 Sq Ft

Single Family Residence

$165.15 / sqft

Built in 1997

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Lot Size10,028 sqft

Building Information

Year Built1997

Garage Spaces2

Land Information

APN1187610020003

Lot Number3

SubdivisionCinco Ranch North Lake Village

Land UseResidential

Legal DescriptionLT 3 BLK 2 CINCO RANCH N LAKE VLG SEC 8

Census Tract455000

Assessed Land Value$117,334

Assessed Improvement Value$467,066

Assessment Year2025

About this property

Stunning home in the amazing established North Lake Village! Perfectly located w no back neighbors & close to Cinco Ranch gold course & Zoned to highly sought after Katy ISD Schools! This home has gorgeous curb appeal w lush landscaping & beautiful front porch! When you enter this amazing home you are greeted w gorgeous wood flooring, elegant formal dining room w beautiful molding. Huge private study behind glass plated french doors. large living room w built in bookshelves & gas fireplace perfect for those chilly evenings! Gourmet kitchen w stunning granite countertops, island w gas cooktop, undermount sink, wine frig, & large pantry! Great outdoor living space w stamped concrete deck & outdoor covered patio, sparkling pool & spa this home is perfect for entertaining! Huge primary bedroom w bump out window, remodeled primary bathroom w granite counters double vanity & seamless shower & two walk in closets. Large gameroom & 3 large secondary rooms upstairs carpet replaced in July.

Investor Tools

$595,000

Estimated Property Value

$0Estimated Mortgage Balance

$151,443Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,570 /month

Positive

Cash Flow Estimate:

$1,190 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$932/month

$1,115/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,204

$584,400

2025

$117,334

$467,066

$584,400

Tax History

Year

Tax Paid

Assessed Value

2024

$8,204

$584,400

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Thrive Mortgage Llc

Conventional

$476,000

First

Sep 26, 2022

Oct 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$443,557

$151,443

25%

75%

$2,854/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,830/mo

$3,969/mo

$-1,139/mo

5.7%

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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