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$640,000

NAL Estimated Property Value

505 Falcon Lake Dr, Friendswood, TX, 77546

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,800 Sq Ft
price_per_sqft$157.63 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size13,081 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces2

Land Information

APN4503-0005-0006-000
Lot Number6
SubdivisionLakes Of Falcon Ridge Sec 2 (2006) Abst
Land UseResidential
Legal DescriptionLAKES OF FALCON RIDGE SEC 2 (2006) ABST 151, BLOCK 5, LOT 6, ACRES 0.300
Census Tract720400
Assessed Land Value$63,220
Assessed Improvement Value$506,780
Assessment Year2025

About this property

Gorgeous home in highly sought-after Lakes of Falcon Ridge. This 5 bed/ 3.5 bath well-maintained home backs up to the lake and walking trails. Upon entry, you are greeted with handsome hardwood flooring and a spacious dining room ready to host family and friends. Upgraded kitchen is bright and airy with white cabinets, quartz countertops, stainless steel appliances and abundant storage in the island and two pantries. Off the kitchen/ breakfast area, the open living room features a cozy fireplace and beautiful backyard views. The large primary bedroom includes an en suite with custom cabinetry and dual vanities. Enjoy the expansive covered patio, lush landscaping and peaceful lake view. Outdoor living and dining at its finest. Upstairs there is a large game room with surround sound, four spacious bedrooms and two baths. Attached 3 car garage with workspace and storage included. Zoned to FISD, minutes from parks & schools.

Investor Tools

Property Icon
$640,000
Estimated Property Value
$0Estimated Mortgage Balance
$338,083Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,840 /month
Positive
Cash Flow Estimate:
$1,280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
$575/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,801
$570,000
2025
$63,220
$506,780
$570,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,801
$570,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$619,000
100%
0%
$0/mo

City: Friendswood

505 Falcon Lake Dr | Property Details | No Agent List