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$970,000

1212 Falling Leaf Dr, Friendswood, TX, 77546

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,309 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$301.9 / sqft
Year BuiltBuilt in 1988

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, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size2.46 acres

Building Information

Year Built1988
Stories1
Roof Type105
Garage Spaces5

Land Information

APN5245-0001-0001-000
Lot Number1
SubdivisionMustang Meadow
Land UseResidential
Legal DescriptionABST 83 R HOPPEL SUR LOT 1 BLK 1 MUSTANG MEADOWS SEC 1
Census Tract720302
Assessed Land Value$268,440
Assessed Improvement Value$701,560
Assessment Year2025

About this property

This Extremely Rare & Unique updated ranch-style home situated on a 2.5-acre lot boasts a sparkling pool & spa, rock waterfall, huge palapa patio, gazebo, separate mother-in-law suite, second garage w/workshop, bonus room above main garage, horse stables, an additional driveway, and versatile horse pasture and more! The circular drive & wrap-around porch welcomes you to the open concept floorplan with luxe elevated beamed ceilings, Travertine-inspired floors, elegant lighting, & a brick fireplace. The wet bar leads you to the spectacular island kitchen with black leathered granite countertops, gorgeous custom cabinetry, exposed brick wall, & commercial grade cookware complete with pot filler. A sunlit bonus living/dining space and a massive primary suite with a sitting area. The spa-like en suite boasts dual vanities, a jetted tub, a seamless glass shower, and a large closet. No HOA in Mustang Meadow and just a short walk to Friendswood High School!

Investor Tools

Property Icon
$970,000
Estimated Property Value
$500,000Estimated Mortgage Balance
$499,950Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,994 /month
Positive
Cash Flow Estimate:
$1,998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,089/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,222
$970,000
2025
$268,440
$701,560
$970,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,222
$970,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$500,000
No
First
Feb 28, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$470,050
$567,950
54%
48%
$2,998/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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1212 Falling Leaf Dr | Property Details | No Agent List