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B+
NoAgentList RatingHow are grades calculated? Info

$566,000

22502 Sierra Lake Ct, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,287 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.19 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,877 sqft

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces2

Land Information

APN3519-12-001-0340-914
Lot Number34
SubdivisionGrand Lakes Sec 12
Land UseResidential
Legal DescriptionGRAND LAKES SEC 12, BLOCK 1, LOT 34
Census Tract673010
Assessed Land Value$108,680
Assessed Improvement Value$418,047
Assessment Year2025

About this property

This fantastic, immaculate home is ready for immediate occupancy. Sellers have lovingly maintained this home. & added updates through the years No flooding.The open concept plan is perfect for families to navigate on a daily basis. The 2 story foyer opens to a curved staircase with built ins at the top. Dining room has custom molding, hdwd floors and accent lights to create a warm ambience. The kitchen w/island is a must for those who love to cook. Abundant cabinetry and counter space. Spacious family room with views to the yard. Gaslog Fireplace is perfect for chilly nights. 2 spacious bdrms w/walk in closets upstairs share a jack & jill bath. One bedroom up has an ensuite. Lg game room w/built in desks. New driveway fencing leads to a large pool size bkyd & large patio. Lg. Private bkyd and lovely views to the side greenspace. Dbl paned windows are a plus. New carpet 2024. Great location with easy access to all things good. Highly ranked KISD schools. Walk to the elementary. A Gem!

Investor Tools

Property Icon
$566,000
Estimated Property Value
$465,600Estimated Mortgage Balance
$110,700Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,534 /month
Positive
Cash Flow Estimate:
$1,178 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$955/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,634
$526,727
2025
$108,680
$418,047
$526,727
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,634
$526,727

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$465,600
No
First
Feb 3, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$455,300
$121,700
21%
80%
$2,792/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,992/mo
$-652/mo
7.1%

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.

Explore Texas Explore This Area
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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