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Days36Days on Market
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$899,000

$945,000

503 Shadywood Dr, Friendswood, TX, 77546

On MarketInfo
Price DropInfo
Beds5 Beds
Baths3 Bath
Baths4,460 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.57 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size16,248 sqft

Building Information

Year Built2000
Stories2
Roof Type105
Garage Spaces4

Land Information

APN3396-0001-0014-000
Lot Number14
SubdivisionThe Forest Sec 6 (2001) Abst 20
Land UseResidential
Legal DescriptionTHE FOREST SEC 6 (2001) ABST 20, BLOCK 1, LOT 14, ACRES 0.373
Census Tract720100
Assessed Land Value$61,963
Assessed Improvement Value$588,037
Assessment Year2025

About this property

Located in The Forest, one of Friendswood's most sought-after neighborhoods, this beautifully updated home sits on a wooded 0.37-acre lot and offers 5 bedrooms, 3 full baths, 1 half bath, and 4,460 square feet of living space. Recent improvements include a 2021 roof, fresh interior paint, painted cabinetry with updated hardware, remodeled upstairs bathrooms featuring custom vanities, granite countertops, new fixtures, tile flooring, and new toilets. The island kitchen has been enhanced with a custom range hood, new cooktop, double ovens, and dishwasher. Additional upgrades include recessed lighting, updated ceiling fans, upgraded door hardware, and 6-inch baseboards upstairs. Outside, enjoy a private backyard retreat with an in-ground pool and spa, new pool heater and cleaner, irrigation system covering the entire property, landscape lighting, retaining wall, fenced pool area, new sewer line, and generator hookup with 50-amp service.

Investor Tools

Property Icon
$757,000
Estimated Property Value
$585,000Estimated Mortgage Balance
$185,828Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,394 /month
Positive
Cash Flow Estimate:
$1,798 /month

Interested in this property?

Shane Bergeson

Better Homes and Gardens Real Estate Gary Greene - Bay Area

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$680/month
$625/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,379
$650,000
2025
$61,963
$588,037
$650,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,379
$650,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Deborah A Mejstedt
Seller Carryback / Seller Financing / Seller Take-Back
$585,000
No
First
Mar 3, 2025
Mar 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$572,058
$184,942
24%
76%
$3,508/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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