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$783,000

1412 Falling Leaf Dr, Friendswood, TX, 77546

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$306.82 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size2.66 acres

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5245-0001-0017-000
Lot Number17
SubdivisionMustang Meadow
Land UseResidential
Legal DescriptionABST 83 R HOPPEL SUR LOT 17 BLK 1 MUSTANG MEADOWS SEC 1
Census Tract720302
Assessed Land Value$237,465
Assessed Improvement Value$504,705
Assessment Year2025

About this property

Unprecedented sunset views with country acreage tones in Friendswood. 2.7 acres nestled amoungst the estates on Falling Leaf Drive. A tree lined driveway gives entrance to the home with a sprawling ranch style feel and large front patio. Upon entry, you'll be amazed with the open floorplan. Grand views out back and to the pool are showcased with floor to ceiling windows. The open design features a large living room with stone fireplace, built-ins & wood tile floors. While the kitchen offers an abundance of counter space, white cabinets with seeded glass and a family style eat-in area. The bedroom wing hosts 4 bedrooms, a recently updated secondary bath and updated master bath with over-sized walk-in shower. Outdoors, a large cover patio, pool with beach entry, rock water feature and slide, metal building that could be repurposed for storage or barn area & plenty of open space to enjoy. No HOA, horses and other livestock allowed, and close proximity to Friendswood HS.

Investor Tools

Property Icon
$783,000
Estimated Property Value
$280,000Estimated Mortgage Balance
$574,181Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,698 /month
Positive
Cash Flow Estimate:
$1,566 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$746/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,033
$742,170
2025
$237,465
$504,705
$742,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,033
$742,170

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$882,000
100%
0%
$0/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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