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$599,999

3422 Norris Drive, Houston, TX, 77025

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,585 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$378.55 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Freestanding Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher
FlooringMarble, Slate, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size6,630 sqft

Building Information

Year Built1952
Stories1
Garage Spaces2

Land Information

APN0780240260016
SubdivisionKnollwood Village
Land UseResidential
Legal DescriptionTRS 15A & 16 BLK 13 KNOLLWOOD VILLAGE SEC 5
Census Tract413302
Assessed Land Value$302,195
Assessed Improvement Value$188,987
Assessment Year2025

About this property

Impeccably updated ranch/mid century modern exuding a sophisticated and sleek charm. Enjoy the stunning outdoor space featuring 2 patio areas and a cozy fire pit, ideal for entertaining guests. Inside, find a utility room, updated kitchen, hardwoods throughout, and slate floors in the den and kitchen. With a durable metal roof and double paned windows, this home offers both style and functionality. Rest assured, this property has never experienced flooding.

Investor Tools

$340,083Estimated Mortgage Balance
$151,099Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Alexandra Tyson

Alex Tyson Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$836/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,573
$491,182
2025
$302,195
$188,987
$491,182
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,573
$491,182

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Conventional
$376,000
No
First
Jun 9, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,083
$151,099
30%
69%
$2,255/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$2,255/mo
$-215/mo
5.0%

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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3422 Norris Drive | Property Details | No Agent List