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$899,000

5005 Meadowlark Lane, Katy, TX, 77493

On MarketInfo
Just AddedInfo
Beds7 Beds
Baths6 Bath
Baths6,060 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.35 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony
Lot Size18,792 sqft

Building Information

Year Built2001
Garage Spaces1

Land Information

APN0740740000057
SubdivisionMontheral
Land UseResidential
Legal DescriptionTR 27A MONTHERAL SEC 2
Census Tract542700
Assessed Land Value$130,314
Assessed Improvement Value$882,173
Assessment Year2025

About this property

Rare opportunity in the heart of Old Katy! Offering 6,060 SF of living space with no HOA, this unique property is ideal for multi-generational living, extended guests, or potential income-producing opportunities. The main home features spacious living and dining areas, flexible-use spaces, and generous accommodations throughout. A standout feature is the fully equipped guest house with 2 bedrooms, full kitchen, living area, and private entrance. With a total of 7 bedrooms and 5 full bathrooms, there's room for everyone. Situated on a large lot with ample parking, this property combines space, functionality, and endless possibilities. Seller is motivated and willing to offer concessions toward flooring, allowing buyers to customize the home to their taste. Conveniently located near shopping, dining, schools, and major commuter routes, this is a rare chance to own a versatile property in one of Katy's most desirable locations.

Investor Tools

$69,364Estimated Mortgage Balance
$943,123Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,075 /month
Positive
Cash Flow Estimate:
$2,025 /month

Interested in this property?

Claudia Huato

Nextgen Real Estate Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,882/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,526
$1,012,487
2025
$130,314
$882,173
$1,012,487
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,526
$1,012,487

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Credit Line (Revolving) / Heloc
$100,000
No
First
Jan 11, 2013
Jan 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,364
$943,123
93%
7%
$600/mo

City: Katy