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$360,000

1518 Watts Ave, Katy, TX, 77493

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.47 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Freestanding Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesSide Yard, Sprinkler System
Lot Size6,739 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APN1157090010054
Lot Number54
SubdivisionHeritage Meadows Corr Par R/P
Land UseResidential
Legal DescriptionLT 54 BLK 1 HERITAGE MEADOWS CORR PAR R/P
Census Tract542700
Assessed Land Value$60,999
Assessed Improvement Value$248,594
Assessment Year2025

About this property

Set beneath a beautiful mature tree, this well-maintained 1-story home offers inviting curb appeal, fresh paint in the main living areas & a layout designed for comfortable everyday living. Inside, you’ll love the open floor plan, split-bedroom layout & updated primary bathroom. A light-filled flex space just off the living room and kitchen offers the perfect spot for a reading nook, home office or additional sitting area. The front & back windows are double-paned, with plantation shutters adding character to the front of the home. Step outside to a beautifully landscaped backyard with a unique storage shed divided into 2 functional spaces. One side provides convenient lawn & garden storage while the other is set up as a workshop & could easily become a craft room, hobby space or home office. This home has been lovingly cared for and is ready for its next chapter.No flooding, zoned to Katy ISD, easy access to I-10, close to shopping, dining & all the charm of Historic Downtown Katy.

Investor Tools

$0Estimated Mortgage Balance
$342,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

Interested in this property?

Sheila Ochsner

Keller Williams Premier Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
$260/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$599
$309,593
2025
$60,999
$248,594
$309,593
No

Tax History

Year
Tax Paid
Assessed Value
2024
$599
$309,593

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$342,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$260/mo
+$1,970/mo
7.8%

City: Katy

1518 Watts Ave | Property Details | No Agent List