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$250,610

NAL Estimated Property Value

241 Elm Patch Dr, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,366 Sq Ft
price_per_sqft$171.3 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APN491901-002-004-000
Lot Number4
SubdivisionFreeman Ranch 2
Land UseResidential
Legal DescriptionS491901 FREEMAN RANCH 2 BLK 2 LOT 4
Census Tract680100
Assessed Land Value$30,000
Assessed Improvement Value$220,610
Assessment Year2025

About this property

*We have accepted an offer* Welcome to this charming 3 bed, 2 bath, one-story home in Katy, TX! This home features many upgrades and brand new carpet & paint throughout. The open concept Blanco floorplan features a family friendly layout, with split floor plan and spacious family room at the heart of the home! An entertainers kitchen sits right off the living area, with a large island, butcherblock counter tops, farmhouse sink, and adjacent breakfast room for plenty of seating. This home sits on a large lot with covered patio and no back neighbors! Within minutes from I-10, Hwy 99, schools, shopping, dining, and entertainment.

Investor Tools

Property Icon
$250,610
Estimated Property Value
$180,715Estimated Mortgage Balance
$69,895Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,504 /month
Positive
Cash Flow Estimate:
$501 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$409/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$250,610
2025
$30,000
$220,610
$250,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$250,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendsure Mortgage Corp
Conventional
$197,152
No
First
Dec 14, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,715
$69,895
27%
72%
$1,183/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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241 Elm Patch Dr | Property Details | No Agent List