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$988,000

NAL Estimated Property Value

1942 Lake Fountain Drive, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,709 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.93 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Slate, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock
Lot Size21,151 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces3

Land Information

APN2536-05-003-0220-914
Lot Number22
SubdivisionCountry Lakes At Grayson Lakes Sec 5
Land UseResidential
Legal DescriptionCOUNTRY LAKES AT GRAYSON LAKES SEC 5, BLOCK 3, LOT 22
Census Tract673108
Assessed Land Value$164,450
Assessed Improvement Value$694,350
Assessment Year2025

About this property

STUNNING 4-Bedroom, 4.5-Bathroom Home in the Highly Sought-After Grayson Lakes Located in the prestigious Grayson Lakes, this 1.5-story masterpiece built by Weekly Homes is truly a hidden gem.With its striking architecture and thoughtful design, this home is perfect for both family living & entertaining. As you enter, you'll be greeted by beautiful slate flooring and soaring high ceilings. The gourmet kitchen opens seamlessly into the expansive living & dining areas making it ideal for gatherings of all sizes. Upstairs, a massive game room offers additional space for fun and relaxation. The home features 4 spacious bedrooms & 4.5 baths to accommodate both family and guests. The 4-car garage is a true dream! The outdoor space is equally impressive, with a large backyard, private pool & hot tub—perfect for relaxing while enjoying stunning views of the serene lake. Grayson Lakes offers a vibrant community with amenities. This home truly has it all—luxury, convenience, and community!

Investor Tools

Property Icon
$988,000
Estimated Property Value
$496,241Estimated Mortgage Balance
$491,759Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,988 /month
Positive
Cash Flow Estimate:
$1,996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,361/month
$1,425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,393
$846,143
2025
$164,450
$694,350
$858,800
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,393
$846,143

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legend Lending Corp
Conventional
$510,400
No
First
Oct 6, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$496,241
$491,759
49%
50%
$3,337/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$4,762/mo
$-1,422/mo
4.1%

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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1942 Lake Fountain Drive | Property Details | No Agent List