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$455,000

NAL Estimated Property Value

21611 Shallow Glen Ln, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,495 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.86 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size4,730 sqft

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3531-02-001-0320-914
Lot Number32
SubdivisionGrand Lakes Phase Three Sec 2
Land UseResidential
Legal DescriptionGRAND LAKES PHASE THREE SEC 2, BLOCK 1, LOT 32
Census Tract673009
Assessed Land Value$49,140
Assessed Improvement Value$357,646
Assessment Year2025

About this property

A must-see two-story home for lease in the highly sought-after Grand Lakes! known for exemplary schools! This spacious 3-bedroom, 2.5-bath residence showcases beautiful architectural touches including arched openings, tray ceilings, and decorative niches throughout. The kitchen features abundant cabinet and counter space, an oversized island, and opens seamlessly to the living room—ideal for both entertaining and daily living. High ceilings continue into the formal dining room, creating a bright and open feel. A versatile flex room off the entry is perfect for a study, formal living, home gym, playroom, or more. Upstairs, a large 20’x16’ game room offers plenty of space for fun and relaxation. The oversized primary suite (21’x14’) includes a private bath and walk-in closet. Enjoy easy access to Grand Parkway (99) and Westpark Tollway. Community amenities include walking trails, multiple pools, spray park, tennis courts, playgrounds, and scenic parks.

Investor Tools

Property Icon
$455,000
Estimated Property Value
$82,108Estimated Mortgage Balance
$372,892Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,730 /month
Positive
Cash Flow Estimate:
$910 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$745/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,668
$406,786
2025
$49,140
$357,646
$406,786
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,668
$406,786

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compass Bank
Conventional
$120,000
No
First
Nov 15, 2012
Dec 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,108
$378,892
82%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
N/A
+$2,190/mo
5.8%

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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21611 Shallow Glen Ln | Property Details | No Agent List