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$877,250

NAL Estimated Property Value

931 Mahogany Run Dr, Katy, TX, 77494

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths5,756 Sq Ft
price_per_sqft$112.93 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Trash Compactor, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size11,649 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces3

Land Information

APN2960-01-003-0150-914
Lot Number15
SubdivisionFalcon Point Sec 1
Land UseResidential
Legal DescriptionFALCON POINT SEC 1, BLOCK 3, LOT 15
Census Tract673103
Assessed Land Value$98,150
Assessed Improvement Value$820,975
Assessment Year2025

About this property

Located in Katy’s desirable Falcon Point, this majestic 5,756SF home will take your breath away with expansive interiors, chic designer style and glorious views. Upscale lighting, plantation shutters, new wide- plank hardwood, stone tile and luxurious carpeting. A magazine-worthy double staircase makes a dramatic first impression, the double-height living room and formal dining room beg to entertain. Open chef’s kitchen and breakfast room, with rear patio and yard invite al fresco dining alongside beautiful golf course views. Owner’s retreat dazzles with private balcony and palatial spa bath, while four more beds provide plenty of room for friends and family. Study, game room, laundry. Extensive upgrades include ductwork, Award Winning HVAC, spray foam insulation, air purifier and tankless water heaters. Circular drive, porte-cochère, garage. A handsome brick façade and regal porch, incredible curb. appeal to this never-flooded home close to top-rated schools. Nearby Katy Mills

Investor Tools

Property Icon
$877,250
Estimated Property Value
$494,801Estimated Mortgage Balance
$382,449Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,264 /month
Positive
Cash Flow Estimate:
$1,755 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,355/month
$660/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,869
$877,250
2025
$98,150
$820,975
$919,125
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,869
$877,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Professional Mortgage Llc
Conventional
$546,000
No
First
Jun 18, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,801
$382,449
43%
56%
$3,274/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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931 Mahogany Run Dr | Property Details | No Agent List