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$453,000

503 Falling Leaf Dr, Friendswood, TX, 77546

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,269 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.33 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Gas Range, Dishwasher
FlooringVinyl

Exterior

Lot Size22,799 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4120-0000-0032-000
Lot Number32
SubdivisionImperial Gardens
Land UseResidential
Legal DescriptionABST 151 S MCKISSICK SUR LOT 32 IMPERIAL GARDENS
Census Tract720301
Assessed Land Value$47,280
Assessed Improvement Value$347,550
Assessment Year2025

About this property

**Contingent offer accepted. Seller is still allowing showings!!** Tucked away on a mature winding street, you'll find charming 503 Falling Leaf Drive. With a lush .53 acre lot, you'll be enchanted from the start. Upon entering, you'll find a light filled formal living room adjoined to a formal dining room. Further into the heart of the home, a large family room with loads of natural light and views of the huge backyard. The kitchen has been tastefully updated with neutral painted cabinetry, Corian countertops, gorgeous backsplash and appliances. Three secondary bedrooms are all generous in size and closet space. A full secondary bathroom serves these bedrooms nearby with double sinks and a lovely shower/tub combination. The primary suite has a soothing vibe with ensuite bathroom featuring updated cabinetry, countertops and beautiful shower. Step outdoors and enjoy the spacious backyard and patio with plenty of room to add a pool, playground or just enjoyment of the large space.

Investor Tools

Property Icon
$453,000
Estimated Property Value
$315,000Estimated Mortgage Balance
$147,370Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,233
$394,830
2025
$47,280
$347,550
$394,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,233
$394,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$315,000
No
First
Sep 22, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,630
$211,370
40%
67%
$1,889/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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503 Falling Leaf Dr | Property Details | No Agent List