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$230,000

21627 Park Valley Drive, Katy, TX, 77450

PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.22 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Cooktop, Dishwasher, Oven
FlooringTile, Wood

Exterior

Lot Size7,475 sqft

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN1137850000031
Lot Number31
SubdivisionMemorial Parkway
Land UseResidential
Legal DescriptionLT 31 BLK 45 MEMORIAL PARKWAY SEC 9
Census Tract454802
Assessed Land Value$74,750
Assessed Improvement Value$194,881
Assessment Year2025

About this property

Investor opportunity! Discover the potential in this spacious 4-bedroom, 4-bath home located in a highly sought-after area known for excellent schools, dining, shopping, and entertainment. Offering generous living spaces, a functional layout, and endless possibilities, this property is perfect for buyers looking to add their personal touch and create their dream home. Featuring oversized bedrooms, multiple living and entertaining areas, and strong architectural bones, this home simply needs a little TLC to truly shine. Whether you envision a modern luxury remodel or a warm custom retreat, the opportunity here is unmatched. Enjoy the convenience of being minutes from top-rated schools, premier restaurants, parks, nightlife, and major commuter routes — all while nestled in an established and desirable neighborhood. Perfect for homeowners, investors, or anyone seeking space, location, and upside potential.

Investor Tools

$71,271Estimated Mortgage Balance
$198,360Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,618 /month
Positive
Cash Flow Estimate:
$539 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$380/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,207
$269,631
2025
$74,750
$194,881
$269,631
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,207
$269,631

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Western Mortgage Corp
Va
$130,000
Yes
First
Jul 2, 2008
Jul 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$71,271
$198,360
73%
26%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$425/mo
+$2,405/mo
12.6%

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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21627 Park Valley Drive | Property Details | No Agent List