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$845,000

228 Katy Lake Dr, Waxahachie, TX, 75165

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,692 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.87 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Disposal, Gas Range, Microwave
FlooringHardwood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Shower, Rain Gutters
Lot Size17,424 sqft

Building Information

Year Built2013
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.5457.006.012.00.912
Lot Number12
SubdivisionKaty Lake On The Greens Ph 1
Land UseResidential
Legal DescriptionLOT 12 BLK 6 KATY LAKE ON THE GREENS PH 1 0.4 AC
Census Tract060602
Assessed Land Value$100,000
Assessed Improvement Value$689,014
Assessment Year2025

About this property

The ceilings may be the first thing you notice, but they’re only the beginning of what makes 228 Katy Lake Dr different. This custom one-story Waxahachie home was designed with architectural interest throughout, from its beautiful hardwood floors to a unique floor plan that feels spacious without losing its warmth. Natural light pours through the home, highlighting the craftsmanship and thoughtful details that give each room its own personality. There’s plenty of room to spread out, yet the layout keeps the main living spaces connected. The kitchen is equipped with high-end appliances and opens naturally into the areas where people gather, creating an easy flow for entertaining. Whether it’s a full house for the holidays, dinner with friends or a quiet evening at home, the spaces feel equally comfortable. The floor plan offers something increasingly hard to find—generous rooms with character rather than one large open space that all feels the same. Then you step outside! The backyard extends the living space with a beautiful swimming pool and outdoor living area, creating your own place to cool off on a Texas summer afternoon, entertain friends or unwind at the end of the day. Established trees and mature landscaping frame the front of the home and add to the sense that this property was thoughtfully designed on this lot. Set on approximately .40 acre in sought after Katy Lake, this location puts shopping, dining, healthcare, schools, historic Downtown Waxahachie and HWY 287 & I-35E within convenient reach. For buyers who appreciate custom details, natural light, beautiful hardwood floors and a floor plan with a little more personality, this fabulous home feels anything but ordinary.

Investor Tools

$0Estimated Mortgage Balance
$789,014Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,070 /month
Positive
Cash Flow Estimate:
$1,690 /month

Interested in this property?

Melissa McClain

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,678/month
$540/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,191
$789,014
2025
$100,000
$689,014
$789,014
No

Tax History

Year
Tax Paid
Assessed Value
2025
$16,191
$789,014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$789,014
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$540/mo
+$2,032/mo
3.9%

City: Waxahachie

228 Katy Lake Dr | Property Details | No Agent List