$313,000
NAL Estimated Property Value24606 Cornell Park Lane, Katy, TX, 77494
Off Market
Property Lead Type:
Off-Market ListHigh Equity
Highlights
Interior
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile
Exterior
Lot Size5,750 sqft
Building Information
Year Built2006
Garage Spaces2
Land Information
APN1275300010026
Lot Number26
SubdivisionLakes At Grand Harbor
Land UseResidential
Legal DescriptionLT 26 BLK 1 LAKES AT GRAND HARBOR SEC 1
Census Tract455300
Assessed Land Value$71,875
Assessed Improvement Value$223,875
Assessment Year2025
About this property
Meticulously updated 4 bedroom 2 bath one story waterview home in South Katy! Newer construction house, award winning schools, amazing South Katy location across street from neighborhood lake. Stunning water view! Carpet has just been replaced, tile and grout have been steamed and cleaned, and house is ready for it's new owner. New appliances include built in microwave, dishwasher, and range/stovetop in a dark stainless color. Location offers close proximity to Interstate 10 and Grand Parkway.
Investor Tools
$313,000
Estimated Property Value
$242,417Estimated Mortgage Balance
$70,583Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,878 /month
Positive
Cash Flow Estimate:
$626 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$398/month
$700/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,207
$295,750
2025
$71,875
$223,875
$295,750
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,207
$295,750
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ladera Lending Inc
Conventional
$190,000
No
First
Feb 5, 2021
Mar 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$242,417
$70,583
22%
77%
$1,596/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,296/mo
+$1,044/mo
12.8%
