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$273,000

NAL Estimated Property Value

2315 Colonial Ridge Dr, Friendswood, TX, 77546

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,557 Sq Ft
price_per_sqft$179.83 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

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 Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Vinyl

Exterior

Lot Size6,299 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN1135200000019
Lot Number19
SubdivisionHeritage Park
Land UseResidential
Legal DescriptionLT 19 BLK 7 HERITAGE PARK SEC 6
Census Tract350601
Assessed Land Value$61,803
Assessed Improvement Value$201,565
Assessment Year2025

About this property

Walking distance to schools, close to Baybrook Mall & easy access to 45 are just some of the great things about this home! Lots of new updates: new roof, gutters, kitchen & bathroom remodeled, & new carpet in guest rooms. Recent luxury vinyl wood flooring & stainless steel appliances. This home offers a layout designed for the way you live - spacious yet inviting with the kitchen, living and breakfast areas flowing together effortlessly. The primary suite is a true retreat, featuring a spa-inspired bath and walk-in closet. Step outside to a private backyard that's perfect for weekends at home or gathering with friends. Nestled in Heritage Park, just steps away from parks, dining, & daily conveniences; this is the kind of home that lives just as beautifully as it looks.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$0Estimated Mortgage Balance
$55,891Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
$175/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,161
$263,368
2025
$61,803
$201,565
$263,368
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,161
$263,368

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$175/mo
+$1,975/mo
9.5%

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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2315 Colonial Ridge Dr | Property Details | No Agent List