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$620,000

5614 Chipstone Trail Ln, Katy, TX, 77493

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,476 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.37 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size8,751 sqft

Building Information

Year Built2015
Garage Spaces2

Land Information

APN1366590030017
Lot Number17
Land UseResidential
Legal DescriptionLT 17 BLK 3 ENCLAVE AT KATY
Census Tract542800
Assessed Land Value$80,500
Assessed Improvement Value$387,431
Assessment Year2025

About this property

Absolutely beautiful & meticulously maintained home in the heart of Katy offering 4 bedrooms, 3 1/2 baths & 3 car garage. The home boasts an office/study with built-ins, formal dining room, breakfast area, kitchen with granite countertops, tons of cabinet storage, island with bar seating and built-in secretary desk. The primary bedroom is downstairs with a massive primary en-suite bath with walk-in shower, soaking tub, his & her sinks & large walk-in closets. Upstairs there are 3 additional bedrooms and two full baths; one with a walk-in shower and the other a shower/tub combo, media room that includes theatre seating, projector & screen, game room plus a small hidden room attached to one of the bedrooms that would be ideal for a gun locker or private area for the kids. Other upgrades include plantation shutters, solar screens, outdoor shed, Generac generator, a large covered patio & an air conditioned 3 car garage. THIS HOME IS IN EXCELLENT CONDITION and ready for a new family.

Investor Tools

$322,716Estimated Mortgage Balance
$203,086Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,720 /month
Positive
Cash Flow Estimate:
$1,240 /month

Interested in this property?

Michael Evans

Better Homes and Gardens Real Estate Gary Greene - Katy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$936/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,609
$467,931
2025
$80,500
$387,431
$467,931
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,609
$467,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
M/I Financial Llc
Fha
$335,825
Yes
First
Aug 5, 2016
Sep 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$322,716
$154,284
32%
61%
$2,360/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$3,560/mo
$-680/mo
6.6%

City: Katy