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$358,057

29118 Korsmans Landing Dr, Katy, TX, 77494

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,042 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.91 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size11,743 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN7897-11-001-1010-901
Lot Number101
SubdivisionTamarron Sec 11
Land UseResidential
Legal DescriptionTAMARRON SEC 11, BLOCK 1, LOT 101
Census Tract673202
Assessed Land Value$83,655
Assessed Improvement Value$274,402
Assessment Year2025

About this property

Welcome Home to Wellspring at Tamarron, Katy's Premier 55+ Active Adult Living Gated Community! This home has all you have been searching for! As you enter this gorgeous property, you will find a guest bedroom with en suite, a huge home office with french doors which also has a closet and can be used as a third bedroom. Formal dining room with butlers pantry for all of your entertaining needs! Beautiful kitchen w/huge island, double ovens & large walk in pantry is open to the family room which provides beautiful views of the lusciously landscaped oversized backyard with extended covered patio. Gorgeous primary bedroom & primary bath with dual vanities and walk in shower. Huge closet and walk through to the laundry room for ease. Plantation shutters throughout add to the beauty of this home! The Wellspring clubhouse offers a host of ongoing activities each month. You will have every opportunity to relax while also enjoying the amenities of this resort lifestyle!

Investor Tools

Property Icon
$358,057
Estimated Property Value
$178,000Estimated Mortgage Balance
$189,561Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,388 /month
Positive
Cash Flow Estimate:
$796 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
$1,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,926
$358,057
2025
$83,655
$274,402
$358,057
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,926
$358,057

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$178,000
No
First
Jun 23, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,496
$189,561
52%
47%
$1,068/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,018/mo
$-1,058/mo
6.6%

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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29118 Korsmans Landing Dr | Property Details | No Agent List