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$472,593

NAL Estimated Property Value

2815 Norwood Hills Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,540 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.29 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size9,319 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4249-01-004-0140-914
Lot Number14
SubdivisionKelliwood Terrace Sec 1
Land UseResidential
Legal DescriptionKELLIWOOD TERRACE SEC 1, BLOCK 4, LOT 14
Census Tract673004
Assessed Land Value$65,000
Assessed Improvement Value$407,593
Assessment Year2025

About this property

1 Story, Beautifully Updated, Home located in Kelliwood Terrace. 4 Bedroom, 2 Baths, POOL, No Back Neighbors, Cul-De-Sac St. HUGE Island Kitchen, Granite Counters, Computer Nook and Breakfast Bar that opens up to the Family Room. Elevated Dining Area, Split Floorplan. Nice size yard behind garage. Community Park Located Behind the Property. Large Primary Suite with Dual Vanities, Separate Shower, Garden Tub and Large Walk-In Closet. Minutes from Willow Fork Country Club and Cinco Ranch Golf Club.

Investor Tools

Property Icon
$472,593
Estimated Property Value
$278,550Estimated Mortgage Balance
$194,043Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,836 /month
Positive
Cash Flow Estimate:
$945 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$589/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,708
$472,593
2025
$65,000
$407,593
$472,593
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,708
$472,593

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
J Philips Mortgage Inc
Conventional
$300,000
No
First
Jul 7, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,550
$197,450
41%
59%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$2,299/mo
+$531/mo
7.2%

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.

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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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2815 Norwood Hills Dr | Property Details | No Agent List