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$352,000

NAL Estimated Property Value

29131 Korsman Landing Drive, Katy, TX, 77494

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,870 Sq Ft
price_per_sqft$144.38 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Range, Electric Oven, Oven
FlooringCarpet, Tile

Exterior

Lot Size7,778 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN7897-11-001-0130-901
Lot Number13
SubdivisionTamarron Sec 11
Land UseResidential
Legal DescriptionTAMARRON SEC 11, BLOCK 1, LOT 13
Census Tract673202
Assessed Land Value$67,568
Assessed Improvement Value$275,084
Assessment Year2025

About this property

Lovely 1-story home located in an Active 55+ Adult Community in the privately gated section of Wellspring at Tamarron. This home features ceramic tile flooring in entry, kitchen/breakfast, family room, utility room & bathrooms. Granite counters, stainless steel appliances & under cabinet lighting in the kitchen. Open family room with tile surround corner fireplace. Master suite offers a spacious walk-in shower with seat & large walk-in closet. Extended covered back patio.

Investor Tools

Property Icon
$352,000
Estimated Property Value
$348,203Estimated Mortgage Balance
$3,797Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,112 /month
Positive
Cash Flow Estimate:
$704 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$234/month
$1,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,047
$342,652
2025
$67,568
$275,084
$342,652
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,047
$342,652

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Reverse Mortgage Funding Llc
Reverse Mortgage / Hecm
$404,985
No
First
Mar 29, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,203
$3,797
1%
99%
$1,969/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,919/mo
$-1,959/mo
6.7%

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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29131 Korsman Landing Drive | Property Details | No Agent List