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$315,000

22823 Merrymount Dr, Katy, TX, 77450

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,842 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.01 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size9,448 sqft

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN1055010000017
Lot Number17
SubdivisionWest Memorial
Land UseResidential
Legal DescriptionLT 17 BLK 20 WEST MEMORIAL SEC 2
Census Tract455200
Assessed Land Value$79,830
Assessed Improvement Value$185,332
Assessment Year2025

About this property

This charming 4-bedroom, 2-bathroom home in Katy ISD has been lovingly updated and is truly move-in ready. Recent updates include luxury vinyl plank floors, fresh interior paint, granite countertops in the kitchen & baths, updated vanities and mirrors, cabinets &under-cabinet lighting. All windows replaced, recessed lighting added, and the home was repiped to PEX in 2022. Additional updates include carpet, replaced all fencing, recent sod front and back, updated landscaping, and gutters. The backyard is a private retreat with the added 19x13 concrete patio and covered pergola ideal for relaxing or entertaining, featuring solar foot lighting. The open layout includes a flexible dining space currently used as a home office & oversized primary suite has room for all the furnishings you've dreamed of. Nestled on a generous lot in a quiet, tree-lined neighborhood, this home truly has it all - updates, space, and an unbeatable location in one of Houston's most sought-after school districts.

Investor Tools

$265,287Estimated Mortgage Balance
$10,167Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Mark Williams

Circa Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$513/month
$134/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,786
$265,162
2025
$79,830
$185,332
$265,162
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,786
$265,162

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rock Mortgage Services Lp
Conventional
$280,250
No
First
Jun 27, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,287
$17,713
6%
96%
$1,681/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$1,815/mo
+$1,015/mo
12.3%

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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22823 Merrymount Dr | Property Details | No Agent List