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$269,000

3016 Iron Woods Dr, Katy, TX, 77493

PendingInfo
Beds5 Beds
Baths3 Bath
Baths2,586 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.02 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Laminate

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APN491903-004-016-000
Lot Number16
SubdivisionFreeman Ranch 3
Land UseResidential
Legal DescriptionS491903 FREEMAN RANCH 3 BLK 4 LOT 16
Census Tract680100
Assessed Land Value$30,000
Assessed Improvement Value$322,680
Assessment Year2025

About this property

Beautifully maintained 5-bedroom, 2.5-bath two-story home featuring an open-concept layout, spacious living areas, and a modern kitchen with granite countertops, stainless steel appliances, and dark cabinetry. Enjoy a private backyard with low-maintenance turf, patio space, storage sheds and a Hot Tub—perfect for relaxing or entertaining. Located in a growing community with nearby lake views and walking areas, this move-in ready home offers comfort, style, and functionality all in one!

Investor Tools

$253,885Estimated Mortgage Balance
$98,795Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,116 /month
Positive
Cash Flow Estimate:
$705 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$352,680
2025
$30,000
$322,680
$352,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$352,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$245,373
Yes
First
Dec 15, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$253,885
$98,795
28%
72%
$1,697/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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