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$265,000

3122 Palacious Falls Ln, Katy, TX, 77449

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,569 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.9 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size5,650 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1321810010018
Lot Number18
SubdivisionWaterstone
Land UseResidential
Legal DescriptionLT 18 BLK 1 WATERSTONE SEC 2
Census Tract542901
Assessed Land Value$54,836
Assessed Improvement Value$191,359
Assessment Year2025

About this property

Charming 2 story 3 bedrooms/2.5 bathrooms/2 car garage home in Waterstone subdivision in Katy! Open concept living breakfast and kitchen, formal dining, family room, and bedrooms with split plan. Open generous sized family room. Conveniently located on the first floor, the primary bedroom features a walk-in closet and en-suite bathroom with double sinks, soaking tub, and separate freestanding shower. The second floor has brand-new carpeting, two spacious bedrooms with walk-in closets, full bath, and a flexible space ideal for a game room or home office. Great backyard for everyone to enjoy.  The community has walking trails, pools, lakes. Excellent schools, zoned to highly acclaimed Katy ISD. Convenient location with quick and easy access to TX-99 N and I-10, Richmond, Cypress and City Center area of Houston. Just minutes away from Katy Mills and all major newly developed shopping centers. Ready for immediate move in upon approval. Make your appointment today!

Investor Tools

$88,723Estimated Mortgage Balance
$190,277Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Jay Thomas

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$517/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,807
$246,195
2025
$54,836
$191,359
$246,195
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,807
$246,195

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Houstonian Mortgage Group Inc
Fha
$128,272
Yes
First
Dec 26, 2012
Jan 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,723
$176,277
66%
32%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
N/A
+$2,150/mo
9.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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3122 Palacious Falls Ln | Property Details | No Agent List