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$342,000

1008 Lost River Dr, Friendswood, TX, 77546

SoldInfo
7/19/26
Beds3 Beds
Baths2 Bath
Baths1,605 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.5 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Laminate

Exterior

Lot Size11,966 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN7630-0001-0007-000
Lot Number7
SubdivisionWilderness Trails
Land UseResidential
Legal DescriptionABST 128 PAGE 2 & 5 LOT 7 BLK 1 WILDERNESS TRAILS
Census Tract720302
Assessed Land Value$30,720
Assessed Improvement Value$265,570
Assessment Year2025

About this property

Welcome to this charming single-story home in a sought-after Friendswood ISD neighborhood. Boasting fresh paint, a 16 seer a/c unit, and updated kitchen appliances, this property is move-in ready. The open family room, flex room, and spacious backyard with a storage shed make this home perfect for both work and play. The primary bedroom features french doors leading to the backyard, a large walk-in closet, and en-suite bath. With neighborhood amenities like a pool, playground, and walking trail, as well as proximity to schools and shopping, this home offers the ideal blend of comfort and convenience.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$249,000Estimated Mortgage Balance
$160,014Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$347/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,456
$296,290
2025
$30,720
$265,570
$296,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,456
$296,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Advisors Group
Reverse Mortgage / Hecm
$249,000
No
First
Jun 20, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$181,986
$160,014
46%
53%
$1,056/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: Friendswood

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