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$287,000

16831 Colony Bend Dr, Friendswood, TX, 77546

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,651 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 1981

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, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringTile

Exterior

Lot Size9,705 sqft

Building Information

Year Built1981
Stories1
Garage Spaces2

Land Information

APN1146420120001
Lot Number1
SubdivisionHeritage Park
Land UseResidential
Legal DescriptionLT 1 BLK 12 HERITAGE PARK SEC 7
Census Tract350601
Assessed Land Value$63,085
Assessed Improvement Value$177,611
Assessment Year2025

About this property

Look no further - check out this recently updated one story home in the sought after Heritage Park subdivision zoned to highly rated Clear Creek ISD! This 3 bedroom/ 2 bath homes sits on an oversized corner lot, features a spacious family room with high, vaulted ceilings and a grand wood-burning fireplace open to a large eat-in kitchen and formal dining. The gorgeously updated kitchen features updated countertops, tile backsplash, a stainless dishwasher and plenty of cabinetry for storage. NO CARPET - wood look tile in the entire home with porcelain tile in kitchen and bathrooms. Upgraded light fixtures and ceiling fans in every room, fresh neutral interior paint, and a generously sized primary bedroom with a large walk-in closet. The oversized backyard is perfect for entertaining and comes with a LARGE storage shed. Conveniently located close to schools, parks, restaurants and Baybrook Mall. HIGH AND DRY! Never flooded!

Investor Tools

Property Icon
$287,000
Estimated Property Value
$0Estimated Mortgage Balance
$287,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$239/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,433
$240,696
2025
$63,085
$177,611
$240,696
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,433
$240,696

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$278,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
N/A
+$2,150/mo
9.0%

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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