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$390,000

23706 River Place Drive, Katy, TX, 77494

PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,763 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.15 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Lot Size6,663 sqft

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2952-09-001-0400-914
Lot Number40
SubdivisionFalcon Landing Sec 9
Land UseResidential
Legal DescriptionFALCON LANDING SEC 9, BLOCK 1, LOT 40
Census Tract673107
Assessed Land Value$42,900
Assessed Improvement Value$422,936
Assessment Year2025

About this property

Welcome to this beautifully updated 4-bed, 2.5-bath residence in the gated community of Falcon Landing. This 2-story home offers soaring ceilings, abundant natural light, & an open-concept layout designed for comfortable living & entertaining. The family room features a cozy gas fireplace & wall of windows overlooking the backyard retreat, while the updated kitchen showcases stainless steel appliances, gray cabinetry, generous prep space, breakfast bar, & adjoining dining area. Upstairs, the oversized primary suite offers a spa-inspired ensuite bath, while 3 secondary bedrooms, a large game room, & upstairs utility room provide added convenience. Step outside to your private backyard oasis complete with a sparkling pool, covered patio, mature landscaping, storage shed, & no rear neighbors. Additional highlights include a 3-car tandem garage, water softener, & sprinkler system. Residents enjoy parks, walking trails, ponds, playgrounds, sports courts, & highly acclaimed Katy ISD schools.

Investor Tools

$5,802Estimated Mortgage Balance
$434,879Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,644 /month
Positive
Cash Flow Estimate:
$881 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,533
$440,681
2025
$42,900
$422,936
$465,836
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,533
$440,681

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$137,000
No
First
Aug 19, 2011
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$5,802
$434,879
98%
1%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$1,000/mo
+$2,340/mo
9.1%

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.

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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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23706 River Place Drive | Property Details | No Agent List