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$629,968

NAL Estimated Property Value

7027 Terrace Ridge, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,991 Sq Ft
price_per_sqft$207.29 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Water Purifier, Cooktop
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen
Lot Size10,602 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APN6780-01-005-0040-914
Lot Number4
SubdivisionSeven Meadows Sec 1
Land UseResidential
Legal DescriptionSEVEN MEADOWS SEC 1, BLOCK 5, LOT 4
Census Tract673104
Assessed Land Value$89,700
Assessed Improvement Value$540,268
Assessment Year2025

About this property

Truly impressive Seven Meadows home full of upgrades & updates! With its stone exterior, charming porch, beautiful landscaping, it definitely has great curb appeal. The interior boasts high ceilings with crown molding, spacious home office, dining room, large family room with gas log fireplace & amazing views. Family room opens to kitchen/breakfast area with serving bar. Sellers built walk-in pantry, loads of cabinet storage in kitchen, new Bosch dishwasher, new refrigerator is negotiable. Gas available in island. Outside has perfect OUTDOOR KITCHEN, Sandstone countertops, extended covered patio, large pool/spa, gorgeous landscaping & storage shed. Primary bedroom w/wall of windows, updated bath - round tub, shower & double sink vanity. Primary closet is extended to his & hers. Laundry room has added storage! Upstairs is 3 large bedrooms, 2 full baths, gameroom & BONUS TEXAS BASEMENT. With its location zoned to Katy's best schools & great access to amenities, this home has it all!

Investor Tools

Property Icon
$629,968
Estimated Property Value
$579,395Estimated Mortgage Balance
$50,573Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,780 /month
Positive
Cash Flow Estimate:
$1,260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$947/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,209
$629,968
2025
$89,700
$540,268
$629,968
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,209
$629,968

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers Bank & Trust
Va
$610,000
Yes
First
Aug 24, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$579,395
$50,573
8%
92%
$3,658/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$4,858/mo
$-1,518/mo
6.4%

City: Katy