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General Description
minimizeFormer First Texas Model Home. 5 bedroom home on a fabulous lot full of fruit trees and giant covered patio with Hot Tub. Home has tile in entry, study, den and kitchen & all wet areas. Kitchen has granite, SSA, Island. Butlers pantry w/glass doors leads to dining & formal living area that recently got upgraded with wood floors. Study has French doors and recessed ceiling. Tiled living room has gas log fireplace and fabulous newly refinished mantel. Game room up with four other bedrooms and 2 baths. Front door overlooks one of may recreational ponds. Walking distance to the community pool and playground. Great home to raise a family. No flooding not even close. Low tax rate, zoned to high-performing schools and is near Katy Mills Mall and the coming-soon Katy Boardwalk.
Rooms/Lot Dimensions
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
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Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $145.76 | $511,172 | 13.20% | $380,556 | 10.00% |
| 2022 | $128.77 | $451,580 | 43.58% | $345,960 | 10.00% |
| 2021 | $89.68 | $314,510 | 6.61% | $314,510 | 6.61% |
| 2020 | $84.12 | $295,020 | 2.29% | $295,020 | 2.29% |
| 2019 | $82.24 | $288,420 | 5.18% | $288,420 | 5.18% |
| 2018 | $78.19 | $274,220 | -6.70% | $274,220 | -6.70% |
| 2017 | $83.81 | $293,910 | -12.10% | $293,910 | -12.10% |
| 2016 | $95.34 | $334,370 | 5.41% | $334,370 | 6.26% |
| 2015 | $90.45 | $317,220 | 10.89% | $314,680 | 10.00% |
| 2014 | $81.57 | $286,070 | 8.81% | $286,070 | 8.81% |
| 2013 | $74.97 | $262,910 | $262,910 |
2023 Fort Bend County Appraisal District Tax Value
| Market Land Value: | $55,000 |
| Market Improvement Value: | $456,172 |
| Total Market Value: | $511,172 |
2023 Tax Rates
| FT BEND MUD 130: | 0.4500 % |
| KATY ISD: | 1.3048 % |
| FT BEND CO GEN: | 0.4383 % |
| FORT BEND DRNG: | 0.0129 % |
| FT BEND CO ESD 2: | 0.0945 % |
| Total Tax Rate: | 2.3005 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 1,528 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 730 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
ASSIGNED SCHOOLS
Excellent | 
View Nearby Schools ↓
Property Map
minimize1118 Paralee Drive Katy TX 77494 was recently sold. It is a 0.23 Acre(s) Lot, 3,507 SQFT, 5 Beds, 3 Full Bath(s) & 1 Half Bath(s) in Grayson Lakes.
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