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$800,000

4603 Drake Falls Ct, Katy, TX, 77450

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths4,570 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.2 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Refrigerator, Microwave, Gas Cooktop, Convection Oven, Electric Oven
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s), Outdoor Kitchen
Lot Size12,110 sqft

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces3

Land Information

APN2269-13-001-0320-914
Lot Number32
SubdivisionCinco Ranch North Lake Village Sec 13
Land UseResidential
Legal DescriptionCINCO RANCH NORTH LAKE VILLAGE SEC 13, BLOCK 1, LOT 32
Census Tract673006
Assessed Land Value$83,197
Assessed Improvement Value$760,145
Assessment Year2025

About this property

Positioned on coveted wooded greenbelt lot, this dream home is one of only 113 estate homes in esteemed, single entrance—The Arbor, in Cinco Ranch. Unparalleled quality shines in comprehensive and tasteful remodel, 2018. Island kitchen boasts sleek slab granite counter tops, quality cabinetry with lighting and smart pantry system. Thrill the inner chef with professional grade Thermador appliance package including built in fridge, 6 burner gas cook top, convection oven and wine chiller. Entertaining flows from inside out to private backyard space. Expansive covered patio with summer kitchen, outdoor fireplace and big screen TV beckons for social gathering. Lush flowering landscaping surrounds sparkling pool and sport court. Well appointed floorplan features second office space and game room nestled at the top of the back stairwell. Gleaming hardwood Pecan flooring up and down. Recent double paned windows adorned with Plantation shutters throughout. Welcome to the good life.

Investor Tools

Property Icon
$800,000
Estimated Property Value
$476,000Estimated Mortgage Balance
$378,836Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,376/month
$1,075/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,511
$741,886
2025
$83,197
$760,145
$843,342
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,511
$741,886

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$476,000
No
First
Jun 7, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,164
$373,836
47%
53%
$2,854/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.

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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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4603 Drake Falls Ct | Property Details | No Agent List