Homes for Sale/Harris County/Katy/Waterstone Morton Ranch Reserv
Active MLS #496192 · 5 days on market

3262 Frying Pan Place

Katy, TX 77449
Subdivision  ·  Waterstone Morton Ranch Reserv
List Price
$419,000
$232/SF
Beds
2
Baths
2
Sq Ft
1,805
Built
2024
County
Harris
Tax Rate
4.67%

Schools

§ 03
District
Elementary MORTON RANCH EL B
Middle T H MCDONALD J H B
High MORTON RANCH H S CCMR 77% · Grad 92% B
TEA accountability ratings reflect 2024–25 where available. School attendance zones are subject to district redistricting — confirm directly with the district before making a school-based decision.

Overview

§ 01

HOUSE HACK & MultiFamily INVESTOR Fantastic Opportunity! The ONLY BRAND NEW DUPLEXES in Katy. GPS 3107 Elrod Rd, 77449. 2-PLEX Featuring two units of 2 bed/2 bath with garages & carports. Why KATY Waterstone community? Unbeatable LOCATION!!! Brand new construction & Modern. Affordable price. Minimalist, spacious & openness vibe. Stylish finishes including Quartz counters, Subway & Hex tile in baths, Plank flooring. No carpet/ easy maintenance. Tenant proof. Blinds, remote garage, 10-Foot ceilings, island kitchens, ceiling fans. Gated community, green space, reservoir. Ideal for investors or live in one unit & rent out the others to pay down loan/ passive income. Strong rental demand in the area (do your own diligence). Strategically 1-2 minutes to 99 pkwy, all the fabulous shopping, restaurants, Katy Mill, Katy Asian Town, entertainment, conveniences, nightlife, and quick hop to downtown Katy. Come see TODAY. Inquire more details on Full appliances pkg.

Features

§ 02

Interior

  • Ceiling Fans
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Heat: Central
  • Heat: Electric
  • Cool: Central Air
  • Cool: Electric

Exterior & lot

  • Roof: Composition

Community

Not provided

Property Details

§ 03 · Full MLS record

Property

Property Type Residential Income
Property Sub Type Duplex
Sub Type Additional Duplex
Year Built 2024
Year Built Source Builder
New Construction Yes
Property Condition Under Construction
Builder Name NA

Building

Stories 2
Levels Two
Living Area 1,805 sq ft
Living Area Source Builder
Building Area Total 1,805 sq ft
Roof Composition

Rooms & Baths

Bedrooms 2
Bathrooms (total) 2
Bathrooms Full 2

Interior

Interior Features Ceiling Fans
Appliances Dishwasher, Disposal, Microwave, Refrigerator

Lot

Lot Size Source Appraiser

Location

County Harris
MLS Area Major 25
MLS Area Minor Katy - North
Subdivision Waterstone Morton Ranch Reserv
Postal Code 77449

Utilities

Heating Central, Electric
Cooling Central Air, Electric

HOA / Association

HOA Fee $150
HOA Fee Frequency Monthly
HOA Name Aung Management
Fee Includes Common Areas, Trash

Taxes, Terms & Disclosures

Tax Annual Amount $19,554
Tax Year 2023
Tax Rate (est.) 4.67%
Parcel # NA
Legal Description RES A2 BLK 1 WATERSTONE MORTON RANCH RESERVE
Listing Terms Cash, Conventional, FHA, Va Loan
Disclosures Municipal Utility District Disclosure

MUD Disclosure (§49.452)

§ 03 · Data moat
● §49.452 Notice
Not in archive
This MUD is not yet in our §49.452 archive. We'll add it on request.

Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.

Request this notice
● What this tells you

The §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.

Listing's rolled-up MUD rate Resolved MUD jurisdiction Harris County MUD 287 Match confidence
● Comptroller-verified financials · FY2024

We don't yet have the §49.452 notice for this district on file, but Texas Comptroller SB 625 financial data is available. Numbers below come from the district's annual SPDPID filing — the same dataset auditors use.

Ad Valorem Rate
0.9400
per $100 assessed
Outstanding Bonds
$0
principal outstanding
Authorized Debt
$0
total authorized
Comptroller TPID32054165454 Filed underHarris County Municipal Utility District #287 Total tax rate0.0000 (M/O 0.0000 + I/S 0.0000) Crosswalk methodexact name match

Source: Texas Comptroller SPDPID (SB 625), FY2024 annual filing. The §49.452 notice itself will load here when we obtain the PDF.

Taxes & Cost of Ownership

§ 04
● Estimated monthly payment
$4,146
30-YR FIXED · ADJUST ASSUMPTIONS BELOW
%
%
Principal & interest$2,516 Property tax$1,630 Homeowners insuranceTBD
Subtotal (P&I + Tax) $4,146
Yearly HOA fee $1,800

Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.

● Effective tax rate · 3-year history
202320242025
MUD
→ stable
School
1.12%
→ stable
City
→ stable
County
0.38%
→ stable

HOA & Community

§ 05
● HOA details
$150
MONTHLY
Association nameAung Management Management co. Websitevisit Phone(281) 342-6006 Cert on filemls-trestle
Fee includes
CommonAreas · Trash
● Community amenities
park
· 0.2mi
· 0.3mi
· 0.3mi
restaurant
Mazajj Organic Coffee · 0.4mi
· 0.5mi
5 O'Clock Spot Grille · 0.7mi
grocery
Farm Stores · 0.5mi
· 0.5mi
· 0.5mi
daycare
Kids 'R' Kids · 0.5mi
Little Angels Daycare · 1.6mi
Roots of Learning Preschool · 1.6mi
place_of_worship
First Christian Church · 0.5mi
Holy Covenant United Methodist · 0.5mi
Westside Baptist Church · 0.7mi
pharmacy
CVS Pharmacy · 0.6mi
Health-Rite Pharmacy · 1.7mi
CVS Pharmacy · 2.1mi

Broadband & Connectivity

§ 06 · Rolled up from MLS
● Max advertised speed at this address
5,000 Mbps
Fiber available · cable ok
Fiber to the Premises
AT&T
5,000 / 5,000 Mbps
● LOW LATENCY
Fiber to the Premises
Hotwire Communications
5,000 / 5,000 Mbps
● LOW LATENCY
Fiber to the Premises
Xfinity
2,000 / 1,000 Mbps
● LOW LATENCY
Coaxial Cable
Xfinity
2,000 / 250 Mbps
● LOW LATENCY
Fiber to the Premises
Fidium Fiber
2,000 / 2,000 Mbps
● LOW LATENCY
Coaxial Cable
Spectrum
1,000 / 35 Mbps
● LOW LATENCY
Licensed Fixed Wireless
Verizon
300 / 20 Mbps
● LOW LATENCY
NGSO Satellite
Starlink
280 / 30 Mbps
● LOW LATENCY
+ 7 additional provider(s)

Environmental Risk

§ 08
X
FEMA Zone
Zone X · Minimal risk
Outside 100-year and 500-year floodplains. No flood insurance required by lender.
PANEL 48201C SFHA NO SOURCE 48201C_STUDY1
🌡 Heat days >95°F
72 days/yr above 95°F
Plus 24 days above 100°F. NOAA station records, 2016-2025 average.
💨 30-day air quality
AQI 48 · Good
Average daily AQI for the 30 days ending 2026-04-01. EPA AQS county monitors. Higher = worse.
🌵 Drought (current)
No drought (D1 or worse)
US Drought Monitor county reading, week of 2026-09-15.
Sources: FEMA NFHL · NOAA GHCN-Daily · EPA AQS · US Drought Monitor. Climate rollup last computed Sep 23, 2026.

Recent Comparable Sales

§ 09
1 comparable sale nearbyAddress-level sold detail is available to registered users. Reach out to Allen for the full comparable-sales report.

Subdivision & Master Plan

§ 10
● Master plan
Waterstone Morton Ranch Reserv
TIER: SUBDIVISION
Subdivision name (MLS)Waterstone Morton Ranch Reserv City · ZIPKaty · 77449 CountyHarris Listings in subdivision28 Active now1 Sold (last 12 mo)1 Curated amenities60
● Year-built distribution
2020s 1

Fire Protection

§ 11
Nearest station
HCESD 48 Fire Station #5
Distance
1.2 mi
Straight-line from listing
ISO rating
Future data point
Avg. response
From incident log (future)

Neighborhood Demographics

§ 12 · Census tract 48201542901 · ACS 2023
Median HH income
$112,713
ACS 2023
Median home value
$252,000
Census self-report
Owner-occupied
67%
3,550 housing units
Bachelor's+
37%
Adults 25+
Median age
34.7
Population 9,715
Work from home
15%
of commuters
Commute 45min+
18%
of commuters
Below poverty
10.0%
tract-level

Amenities & Nearby Places

§ 13

Active listing — amenities should populate from the go-live pipeline. Click to fetch now if missing.

Location & Neighborhood

§ 13
● This Home
3262 Frying Pan Place, Katy, TX 77449
Harris County · 29.82°N, 95.76°W
park
0.2 mi · 5 within 2 mi
restaurant
Mazajj Organic Coffee
0.4 mi · 5 within 2 mi
grocery
Farm Stores
0.5 mi · 4 within 2 mi
daycare
Kids 'R' Kids
0.5 mi · 1 within 2 mi
Interactive map coming in v0.2 — currently showing schematic placement.
● Listing History
Sep 19, 2026 Listed $419,000 Tina Vu
Dec 31, 2023 Built
Status change events from HAR MLS (future: full audit trail)
● Disclosures & Attribution
Listed by Tina Vu · Walzel Properties - Corporate Office
Data provided by Houston Realtors Information Service (HAR MLS). Information deemed reliable but not guaranteed. All measurements, square footage, and school assignments should be independently verified. HAR MLS content last updated Sep 21, 2026.
MLS# 496192 · LIST DATE: Sep 19, 2026 · PARCEL: NA
R
EHO
REALTOR® · Equal Housing Opportunity
HAR.com Copyright © 2026, Houston Realtors Information Service, Inc. Deemed reliable, not guaranteed — independently verify. HARMLS last updated Sep 24, 2026, 12:52 AM CDT. Properties may subsequently be sold or off-market. Equal Housing Opportunity