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Days33Days on Market
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$258,000

2519 Colonial Ridge Dr, Friendswood, TX, 77546

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,557 Sq Ft
price_per_sqft$165.7 / sqft
Year BuiltBuilt in 1979

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

Exterior

Lot Size6,299 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN1135170000058
Lot Number58
SubdivisionHeritage Park
Land UseResidential
Legal DescriptionLT 58 BLK 4 HERITAGE PARK SEC 6
Census Tract350603
Assessed Land Value$61,803
Assessed Improvement Value$203,324
Assessment Year2025

About this property

*UPDATED 8/29 Freshly Painted Interior* Your opportunity to get into Friendswood at an incredible value! This three-bedroom, two-bath home offers buyers the chance to personalize a home in a desirable location without paying a premium for someone else’s cosmetic choices. Major updates are already in place, including a new HVAC system (2026), new water heater (2026), new windows (2024), and newer roof less than 5 years old. The kitchen features updated cabinets and countertops, with a functional floor plan and a covered backyard patio, this home offers a great foundation to make it your own. Conveniently located near parks, shopping, dining, and Clear Creek ISD, this is an excellent opportunity for buyers looking for value in Friendswood.

Investor Tools

$149,976Estimated Mortgage Balance
$115,151Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,591 /month
Positive
Cash Flow Estimate:
$530 /month

Interested in this property?

Michael Collazo

Surge Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$232/month
$160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,461
$265,127
2025
$61,803
$203,324
$265,127
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,461
$265,127

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Guaranty Mortgage Corp
Fha
$167,789
Yes
First
Jan 15, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,976
$115,151
43%
57%
$1,006/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,166/mo
+$984/mo
9.7%

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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2519 Colonial Ridge Dr | Property Details | No Agent List