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$265,000

512 Castlelake Dr, Friendswood, TX, 77546

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,236 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.4 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile

Exterior

Lot Size10,650 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces1

Land Information

APN1175-0002-0033-000
Lot Number33
SubdivisionAnna Alea Kingspark/Whitehall A
Land UseResidential
Legal DescriptionABST 20 PERRY & AUSTIN SUR LOT 33 & NE 2 FT OF LOT 34 BLK 2 ANNALEA KINGSPARK SEC A & WHITEHALL SEC A
Census Tract720100
Assessed Land Value$22,420
Assessed Improvement Value$194,740
Assessment Year2025

About this property

Beautifully refreshed one-story nestled in Friendswood's established Annalea neighborhood offers exceptional curb appeal with an inviting covered front porch & fresh landscaping. Inside, fresh interior paint & abundant natural light create a bright, welcoming feel throughout. The inviting family room features a vaulted ceiling, classic brick gas-log fireplace, & French doors overlooking the expansive backyard. The spotless kitchen showcases updated cabinetry, & countertops, an attractive tile backsplash, a 5-burner gas range with convection oven, & an indoor utility room with generous storage. All three bedrooms boast generous closets & both bathrooms have been tastefully updated, while double-pane windows & a tankless water heater add energy efficiency & a new gas line, repiping, foundation leveling, & updated electrical rewiring add peace of mind. The oversized backyard provides endless room to run. Conveniently located in the heart of Friendswood & walkable to Westwood Elementary!

Investor Tools

Property Icon
$246,000
Estimated Property Value
$136,000Estimated Mortgage Balance
$114,045Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

Interested in this property?

Alan Stanfield

Stanfield Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$427
$213,030
2025
$22,420
$194,740
$217,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$427
$213,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$136,000
No
First
Nov 1, 2024
Dec 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,955
$114,045
46%
54%
$816/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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