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$325,000

NAL Estimated Property Value

2255 Pilgrims Point Dr, Friendswood, TX, 77546

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,059 Sq Ft
price_per_sqft$148.13 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

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, Free-Standing Range, Dishwasher, Oven
FlooringCarpet, Laminate, Tile

Exterior

Lot Size9,653 sqft

Building Information

Year Built1987
Stories1
Garage Spaces2

Land Information

APN1135140000003
Lot Number3,4
SubdivisionHeritage Park
Land UseResidential
Legal DescriptionTRS 3 & 4A BLK 1 NW 30 FT OF LT 3 & SE 45 FT OF LT 4 HERITAGE PARK SEC 6
Census Tract350601
Assessed Land Value$64,576
Assessed Improvement Value$236,562
Assessment Year2025

About this property

Tastefully remodeled 1-story home located in highly desirable Heritage Park, close to Baybrook Mall and I-45 Gulf Freeway. Upgrades include new paint, new flooring, new countertops, new backsplash, new bathrooms, new doors and many more! This home has a split plan with a large living room upon entrance. The kitchen features an unique island with wood burning pattern which overlooks the family room. It also has a walk in pantry with plenty of space for storage. Each bedroom is nicely sized and comes with a walk in closet. Master bathroom is completely redone with dual sink, separate tub and shower! The home is all bricks and has a large backyard, great for family gathering! Do not miss this opportunity and schedule for a private showing today!

Investor Tools

Property Icon
$325,000
Estimated Property Value
$745,274,293Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$265/month
$165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,551
$301,138
2025
$64,576
$236,562
$301,138
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,551
$301,138

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Barclays Bank Plc
Commercial
$774,310,000
No
First
Apr 11, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$745,274,293
N/A
0%
229315%
$4,642,380/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$4,642,545/mo
$-4,640,395/mo
7.9%

Learn About the Market: Opportunity in Texas

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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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2255 Pilgrims Point Dr | Property Details | No Agent List