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B+
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$450,388

1502 Phoenician Dr, Katy, TX, 77494

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,993 Sq Ft
price_per_sqft$133.31 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size6,894 sqft

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2952-08-001-0120-914
Lot Number12
SubdivisionFalcon Landing Sec 8
Land UseResidential
Legal DescriptionFALCON LANDING SEC 8, BLOCK 1, LOT 12
Census Tract673107
Assessed Land Value$42,900
Assessed Improvement Value$407,488
Assessment Year2025

About this property

GREAT LOCATION! Gated Community in the Heart of Katy! Close to Sought after Cinco Schools,Shopping, & Walking Distance to Community Pool & Park. Unique Floor Plan has 5 Large Bedrooms,3 Full Baths,Both Formals,Island kitchen w/Gas Cooktop, Granite Counter, Huge Walk-in Pantry. Gorgeous Two Story Entry,Cozy family Room w/Fireplace. 5th Bedroom could be used as Study. Huge Master Suite is 18x19 Large Executive Bath w/Dual Sinks, Shower & Whirlpool Tub. New Paint! Inside and Out. Fully Spindled Staircase, New Carpet And Appliances. Leaded Glass Front Door.

Investor Tools

Property Icon
$450,388
Estimated Property Value
$442,700Estimated Mortgage Balance
$42,329Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,702 /month
Positive
Cash Flow Estimate:
$901 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$632/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,333
$450,388
2025
$42,900
$407,488
$450,388
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,333
$450,388

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homeplus Corp
Conventional
$442,700
No
First
Mar 31, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$408,059
$42,329
9%
91%
$2,655/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.

Explore Texas Explore This Area
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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1502 Phoenician Dr | Property Details | No Agent List