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$781,000

5126 Grand Phillips Ln, Katy, TX, 77450

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,849 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.35 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher, Water Purifier
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size12,279 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces5

Land Information

APN3529-06-001-0010-914
Lot Number1
SubdivisionGrand Lakes Phase Two Sec 6
Land UseResidential
Legal DescriptionGRAND LAKES PHASE TWO SEC 6, BLOCK 1, LOT 1
Census Tract673009
Assessed Land Value$99,619
Assessed Improvement Value$668,481
Assessment Year2025

About this property

GORGEOUS Home in Grand Lakes offering 4 BDRM's & 4 Full Baths in Main House + the ideal Casita providing another bedroom, full bath & 2 closets! Beautiful heated saltwater pool & jacuzzi w/no byard neighbors! Downstairs Primary BDRM. Formal dining, living room + MASSIVE GMRM w/added Juliet balcony. Generous sized bdrms & walk-in closets. Plenty of storage, windows, tall ceilings & excellent functional space! Plantation shutters, lush landscaping, well maintained & so much more! TX Sized 30 x 31 garage w/extension+enough parking for 8 mid-size vehicles & a toy or 2! Sprinkler & wtr softener sys. Replaced or improved: both HWH's in 2021, BOTH (all of it) HVAC systems in 2018 & 19, roof in 2012, pool htr in 2019, pool lights in 2020, pool resurfaced in 2020, motors for 4 pool features in 2024, both sides of fence in 2021. Grand Lakes is close to everything! See photo comments!

Investor Tools

Property Icon
$781,000
Estimated Property Value
$158,100Estimated Mortgage Balance
$474,692Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,686 /month
Positive
Cash Flow Estimate:
$1,562 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,177/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,224
$768,100
2025
$99,619
$668,481
$768,100
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,224
$768,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Metlife Home Loans
Conventional
$158,100
No
First
Aug 30, 2024
Sep 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,154
$634,846
80%
20%
$948/mo

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.

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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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5126 Grand Phillips Ln | Property Details | No Agent List