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$321,000

3807 Spruce Bay Dr, Houston, TX, 77345

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,260 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.81 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size5,854 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APN1174930010009
Lot Number9
SubdivisionMills Branch Village
Land UseResidential
Legal DescriptionLT 9 BLK 1 MILLS BRANCH VILLAGE SEC 5
Census Tract251401
Assessed Land Value$65,682
Assessed Improvement Value$244,967
Assessment Year2025

About this property

This beautifully maintained home blends timeless charm with thoughtful updates throughout. Freshly painted inside and out, it features a new roof, upgraded AC system with multi-zone efficiency, and high-end appliances, including a 5-door fridge and vented gas range with a wok burner. Bathrooms shine with Carrara marble and porcelain tile, dual rain-head walk-in showers, a two-person soaking tub, and custom solid hardwood vanities. The home is fully integrated with smart features inside and out including irrigation and boasts a 12'x30' patio wired for surround sound. Upstairs, rich hickory floors add warmth, while tile downstairs helps keep the home cool. Designed for easy living, the low-maintenance native garden blooms year after year.

Investor Tools

Property Icon
$321,000
Estimated Property Value
$175,000Estimated Mortgage Balance
$149,081Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$394/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,127
$310,649
2025
$65,682
$244,967
$310,649
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,127
$310,649

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$175,000
No
First
May 22, 2025
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,919
$158,081
47%
54%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
$1,600/mo
+$820/mo
9.0%

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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3807 Spruce Bay Dr | Property Details | No Agent List