8Days on Market

1view

$515,000

23214 Grand Meadows Dr, Katy, TX, 77494

On Market

Just Added

5 Beds

3 Bath

3,069 Sq Ft

Single Family Residence

$167.81 / sqft

Built in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Dryer Included, Washer Included, Convection Oven, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher

FlooringCarpet, Tile, Vinyl Plank

Exterior

Exterior FeaturesBack Green Space, Sprinkler System

Lot Size7,800 sqft

Building Information

Year Built1994

Stories2

Roof Type105

Garage Spaces2

Land Information

APN2273-05-001-0060-914

Lot Number6

SubdivisionCinco Ranch Greenway Village Sec 5

Land UseResidential

Legal DescriptionCINCO RANCH GREENWAY VILLAGE SEC 5, BLOCK 1, LOT 6

Census Tract673005

Assessed Land Value$87,230

Assessed Improvement Value$341,643

Assessment Year2025

About this property

Towering oaks, crepe myrtles embrace this quintessential Cinco Ranch classic on culdesac street ending at greenbelt/bike path in beloved Greenway Village zoned to highly desired Fielder, Beck, Cinco Ranch HS trac! NEW carpet, LVT flooring, primary bath updates, baseboards. Great plan w/2nd BR down, flex room for formal dining or study/home office! Huge gamerm up could be 6th BR! Private backyard w/artificial turf, IN GROUND TRAMPOLINE, splash pad water feature & pergola! Save energy costs with double pane windows, north/south orientation. Design features include plantation shutters, two decorative & functional barn doors, crown molding & gorgeous gaslog fireplace w/custom wood trim mantel. Large walk in closets PLUS under stair storage. Extras include kitchen isle w/breakfast bar, breakfast w/bench window seats, ICE MAKER and lazy Susan cabinet, double ovens! Huge primary w/sitting area, jetted tub, new fixtures! Roof less than 10 years, water heaters 2025. LOW TAX RATE! NO FLOODING!

Investor Tools

$452,000

Estimated Property Value

$99,500Estimated Mortgage Balance

$452,000Estimated Equity

78% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,090 /month

Positive

Cash Flow Estimate:

$1,030 /month

Interested in this property?

Christopher Hiller

Keller Williams Premier Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$588/month

$1,550/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,791

$428,873

2025

$87,230

$341,643

$428,873

Tax History

Year

Tax Paid

Assessed Value

2025

$4,791

$428,873

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Americas Wholesale Lndr

Unknown

$99,500

First

N/A

Jun 2013

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$452,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$1,550/mo

+$1,790/mo

8.9%

Learn About the Market: Opportunity in Texas

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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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