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$2,850,000

28144-28150 Morton Road, Katy, TX, 77493

PendingInfo
Beds3 Beds
Baths4 Bath
Baths4,034 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$706.49 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3.5Bathrooms 3.5
Garage AvailableGarage Available

Exterior

Lot Size1.50 acres

Building Information

Year Built2001
Stories2
Garage Spaces8

Land Information

APN333300-015-001-100
SubdivisionA-333 T S Reese
Land UseResidential
Legal DescriptionABS A333300 A-333 T S REESE TRACT 15-1 ACRES 1.4956
Census Tract680100
Assessed Land Value$195,450
Assessed Improvement Value$511,140
Assessment Year2025

About this property

Owner-Occupy, Live/Work, Investment Property, or Other on this 8.386 acres of land in the popular community of Katy, TX, just west of downtown Houston. Unrestricted Land Use allows for either Residential, Commercial, or both uses for this land just north of I-10 and west of SH-99 The Grand Pkwy. This property offers several existing residences with a 4,034SF updated Single-Family Residence (2001 Year Built), a detached garage with a partially finished upstairs unit, and a 1,152SF Mobile Home (2016 Year Built). Peaceful country setting with spacious lots & open space. Located west of The Grand Pkwy 99, north of Interstate-10, near the Houston Executive Airport, and Katy Fort Bend County Road/Morton Rd. Mostly cleared lot, with a thick tree line separating the neighboring parcels. The existing structures utilize well water, septic sewer, natural gas, and electricity service. Katy is a rapidly growing area with relatively large lots and a popular location for real estate investments.

Investor Tools

$424,514Estimated Mortgage Balance
$2,397,486Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,100 /month
Positive
Cash Flow Estimate:
$5,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,447/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,249
$706,590
2025
$195,450
$511,140
$706,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,249
$706,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$450,000
No
First
May 31, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$424,514
$2,397,486
84%
15%
$2,698/mo

City: Katy