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$625,000

24202 Falcon Point Dr, Katy, TX, 77494

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,681 Sq Ft
price_per_sqft$169.79 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringBrick, Carpet, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen, Sprinkler System
Lot Size10,021 sqft

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces3

Land Information

APN2960-01-005-0140-914
Lot Number14
SubdivisionFalcon Point Sec 1
Land UseResidential
Legal DescriptionFALCON POINT SEC 1, BLOCK 5, LOT 14
Census Tract673103
Assessed Land Value$81,900
Assessed Improvement Value$490,445
Assessment Year2025

About this property

This classic beauty is graced by stately live oaks & lush landscaping to create great curb appeal as you arrive. Located in the Falcon Point golf course community & zoned to Katy High - there is plenty of parking on this corner lot. 5 bed, 4 bath, 3 car garage with extra wide driveway. Fresh paint in neutral tones, freshly installed carpet & recent hardwood flooring make this home move in ready. Pool/spa, covered porch, summer kitchen - create a great backyard oasis plus no back yard neighbors! Living area has gas log fireplace & backyard access from double French doors - open to kitchen/breakfast. Plantation shutters installed throughout. Downstairs are 2 bedrooms - the primary & one guest room which could also be used as a study. Formal dining & breakfast room can accommodate plenty of guests. Upstairs are 3 spacious bedrooms, 2 full baths & 2 living areas - as well as ample storage. Neighborhood amenities include club house, tennis, golf course, pickleball, pool & walking trails.

Investor Tools

$357,373Estimated Mortgage Balance
$216,793Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

Interested in this property?

Jennifer Stence

Coldwell Banker Realty - Katy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,018/month
$850/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,357
$572,345
2025
$81,900
$490,445
$572,345
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,357
$572,345

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Champions Funding Llc
Conventional
$376,250
No
First
Aug 31, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$357,373
$214,972
37%
62%
$2,256/mo

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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24202 Falcon Point Dr | Property Details | No Agent List