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$363,620

NAL Estimated Property Value

1003 Friendship Lane 301, Fredericksburg, TX, 78624

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths801 Sq Ft
price_per_sqft$449.31 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Microwave, Range, Refrigerator
FlooringCeramic Tile, Tile

Exterior

Lot Size30,274 sqft

Building Information

Year Built2022
Roof Type115

Land Information

APN188807
Lot Number301
SubdivisionFriendship Lane Cottages
Land UseCommercial
Legal DescriptionFRIENDSHIP LANE COTTAGES LOT 301
Census Tract950402
Assessed Land Value$59,640
Assessed Improvement Value$303,980
Assessment Year2025

About this property

Adorable condo just minutes away from the best shopping, restaurants & wineries in Fredericksburg! Upscale cottage comes completely furnished & features lovely & durable wood plank ceramic tile floors. Fully equipped kitchen is open to the living room & has granite countertops, stainless steel appliances & beautiful tile backsplash. Light & bright throughout! Spacious bedroom & full bath. Office nook area would be perfect spot to add built-in bunk beds. Plenty of parking. Low taxes with active Short Term Rental permit! Very reasonable monthly HOA fee that includes landscaping, water & sewer, trash, exterior insurance & pest control Currently utilized as a short term rental. Great investment opportunity for an owner occupant, lock-and-leave vacation property or STR in the beautiful Texas hill country!

Investor Tools

Property Icon
$363,620
Estimated Property Value
$274,499Estimated Mortgage Balance
$89,121Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,182 /month
Positive
Cash Flow Estimate:
$727 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$532/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,566
$363,620
2025
$59,640
$303,980
$363,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,566
$363,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$292,500
No
First
Dec 5, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$274,499
$89,121
24%
75%
$1,754/mo

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: Fredericksburg

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1003 Friendship Lane 301 | Property Details | No Agent List