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$1,600,000

331 Gershwin Dr, Houston, TX, 77079

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,843 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$416.34 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Refrigerator Included, Double Oven, Electric Oven, Microwave, Gas Range, Indoor Grill, Dishwasher
FlooringConcrete, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen, Sprinkler System
Lot Size9,601 sqft

Building Information

Year Built1964
Stories1
Garage Spaces2

Land Information

APN0942070000018
Lot Number18
SubdivisionMemorial Glen
Land UseResidential
Legal DescriptionLT 18 BLK 3 MEMORIAL GLEN SEC 3
Census Tract450700
Assessed Land Value$625,600
Assessed Improvement Value$928,103
Assessment Year2025

About this property

Unique 1 story Mission Style Contemporary! Natural light fills this distinctive home, highlighting dramatic 35 beamed ceilings, a flexible floorplan, endless gallery walls, and charming courtyards that create a warm and inviting atmosphere. Thoughtfully renovated and beautifully updated, the home features a sophisticated kitchen with quartz countertops, stainless steel appliances, ice makers, wine cellars, plus washer and dryer included. The private backyard offers a pool, outdoor kitchen, and exceptional space for entertaining. A converted man cave garage with a pool table and dedicated workout area adds versatility and lifestyle appeal. Ideally located and zoned to SBISD, with easy access to the neighborhood pool, tennis courts, parks, and Terry Hershey trails.

Investor Tools

$0Estimated Mortgage Balance
$1,952,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,712 /month
Positive
Cash Flow Estimate:
$3,904 /month

Interested in this property?

Caryuly Patricia Sanchez

HomeSmart

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,787/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,687
$1,553,703
2025
$625,600
$928,103
$1,553,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,687
$1,553,703

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,952,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,730/mo
N/A
+$2,730/mo
1.7%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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331 Gershwin Dr | Property Details | No Agent List