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$375,000

NAL Estimated Property Value

23022 Lanham Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,720 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.78 / sqft
Year BuiltBuilt in 1989

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, Double Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size8,072 sqft

Building Information

Year Built1989
Stories2
Garage Spaces2

Land Information

APN1148890060024
Lot Number24
SubdivisionGovernors Place
Land UseResidential
Legal DescriptionLT 24 BLK 6 GOVERNORS PLACE SEC 1
Census Tract455200
Assessed Land Value$87,882
Assessed Improvement Value$271,659
Assessment Year2025

About this property

Gorgeous 5 bedroom, 3.5 bath home! Renovations galore! Move in Ready. Island kitchen w/wheels for flexibility. Granite w/double ovens. Soft close cabinets/drawers. 2 pantries. No carpet. Remodeled Primary ensuite to include marble shower, custom cabinets & fixtures, makeup vanity, sliding pocket door w/mirror. A must see! The extended driveway leads to the detached oversized garage wired for 220 volts (welding machine ready), w/storage shed on the side. Recent water heaters, 5 ton A/C & water softener. 400 sq.ft. addition upstairs BR/bath/storage/floored attic. Really a second Primary up. Large Game-room w/built-in storage shelves and high ceilings. Luscious Landscaping front and back. Please ask for the extensive upgrades lists. No Flooding! Stellar location! Beautiful neighborhood w/mature trees! Close to shopping and dining! KATY ISD! Lower taxes!

Investor Tools

Property Icon
$375,000
Estimated Property Value
$232,103Estimated Mortgage Balance
$142,897Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$542/month
$610/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,632
$359,541
2025
$87,882
$271,659
$359,541
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,632
$359,541

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Conventional
$261,250
No
First
Aug 28, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,103
$127,438
35%
62%
$1,567/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$2,177/mo
+$653/mo
9.1%

City: Katy

23022 Lanham Dr | Property Details | No Agent List