See Home Value
$610,000 Last Listed Price
House - Off Market

518 W Lake Drive

Friendswood, TX 77546
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3818 Sqft
$3,048
Estimated Monthly
$53
HOA / Fees
6.39%
Cap Rate

About This Property

Welcome to this stunning 5/3.5 home, nestled on a prime parcel in Lakes of Falcon Ridge. With 3,818 SF, 3-car garage & expansive 11,700 SF lot, this gem offers a prime location on the lake along the serene greenbelt/walking trail next door.

Step inside to discover formals & an expansive family room with gas log fireplace. While the downstairs primary suite provides a peaceful retreat. Upstairs, boasts a spacious game room for fun & relaxation.

Outdoors, indulge in your private oasis with a refreshing pool & spa, complemented by a covered patio area for al fresco dining. Kitchen upgrades include new countertops, gas cooktop, microwave & double ovens. Recent 2021 & 2023 renovations include A/C units, revamped baths, resurfaced pool & decking. Zoned to sought-after Friendswood schools, this home offers a stellar blend of luxury & comfort.

Don't miss the chance to make this meticulously maintained lakeside retreat your own & embrace a lifestyle of tranquility & luxury.
Unit Size
3,818Ft²
Days on Market
55 days
Land Size
-
Price per sqft
$160
Property Type
House
Property Taxes
-
HOA Dues
$53
Year Built
2003
Last updated: 6 days ago (HAR #72355536)

Price History

Date / Event Date Event Price
Jun 17, 2024 Sold $563,000 - $687,000
Sold
Apr 26, 2024 In contract -
In contract
Apr 23, 2024 Listed by Compass RE Texas, LLC - Houston $610,000
Listed by Compass RE Texas, LLC - Houston
Jul 26, 2016 Sold to Mark L Swecker, Mary K Swecker $377,000 - $459,000
Sold to Mark L Swecker, Mary K Swecker
Dec 26, 2003 Sold to Debra L Smith, Robert W Smith $225,000 - $275,000
Sold to Debra L Smith, Robert W Smith

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Excellent
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 662
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Screened porch
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 4,480
  • Gross Building Area: 4,620
  • Building Area: 3,818
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,818
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKES OF FALCON RIDGE SEC 1 (2003) ABST
  • Land Acres: 0.269
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKES OF FALCON RIDGE SEC 1 (2003) ABST 151, BLOCK 7, LOT 5, ACRES 0.269

Ownership

  • Current Owner : SWECKER MARK L
  • Current Owner 2: SWECKER MARY K
  • Previous Owner : SMITH ROBERT W
  • Previous Owner 2: SMITH DEBRA L
  • Owner Before Previous Owner: K HOVNANIAN OF HOUSTON II LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Friendswood Independent School District
  • School Tax School District: S12
  • Census Tract: 720400

Geography

  • Assessors Map Reference: 140-C
  • Subdivision Tract Number: 5
  • Parcel: 4502-0007-0005-000
  • Block: 7
  • Lot: 5
  • Municipality: FRIENDSWOOD CITY
  • Latitude: 29.4976
  • Longitude: -95.1864

    Address

  • Full Address: 518 W Lake Dr
  • Address - House Number: 518
  • Street Direction: W
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Friendswood
  • Carrier Code: C037
  • 4-Digit Zip Code: 5574
  • Zip Code: 77546

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,585
  • Tax Rate Code Area: S12

    Appraisal Valuation

  • Standard Deviation: 0.271
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 61
  • Final Value: 666,087
  • High Value: 846,660
  • Low Value: 485,514

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $334,800
  • First Open Lien Mortgage Lender: SIRVA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jul 26, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $334,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2046

    Market Valuation

  • Market Total Value: $561,550
  • Market Land Value: $61,740
  • Market Improvement Value: $499,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,622

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 26, 2016
  • Current Sale Recording Date: Jul 26, 2016
  • Current Sale Transaction ID: 1755612993
  • Current Sale Price: $418,500
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2016045111
  • Previous Sale Recording Date: Dec 26, 2003
  • Previous Sale Contract Date: Dec 18, 2003
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: SIRVA MORTGAGE INC
  • First Mortgage Transaction Date: Jul 26, 2016
  • First Mortgage Loan Amount: $334,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Dec 26, 2003
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2034



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4 Baths
3,800 ft²
$599,000 Jul 12, 2022
$540,000 - $658,000 Sep 7, 2022
$954/mo
House
5 Beds
4 Baths
3,884 ft²
$622,000 Jun 8, 2023
$560,000 - $684,000 Jul 12, 2023
$1,034/mo
House
5 Beds
4 Baths
3,800 ft²
$430,000 Nov 10, 2023
$387,000 - $473,000 Feb 23, 2024
$1,043/mo
House
5 Beds
4 Baths
4,138 ft²
$600,000 Apr 28, 2022
$540,000 - $660,000 May 26, 2022
$978/mo
House
5 Beds
4 Baths
4,298 ft²
$625,000 May 10, 2023
$563,000 - $687,000 Jul 5, 2023
$1,019/mo
House
5 Beds
4 Baths
3,349 ft²
$525,000 Jun 24, 2021
$473,000 - $577,000 Jul 27, 2021
$658/mo
House
5 Beds
4 Baths
3,748 ft²
$156/ft²
$585,000 Jun 20, 2024
-
$945/mo
House
5 Beds
4 Baths
3,387 ft²
$177/ft²
$599,999 May 31, 2024
-
$720/mo
House
5 Beds
5 Baths
4,615 ft²
$140/ft²
$647,000 May 25, 2024
-
$1,010/mo
House
4 Beds
3 Baths
3,450 ft²
$167/ft²
$574,900 Feb 14, 2024
-
$1,043/mo
House
4 Beds
3 Baths
3,267 ft²
$162/ft²
$529,999 Jun 15, 2024
-
$877/mo
House
4 Beds
4 Baths
3,154 ft²
$200/ft²
$630,000 Jun 13, 2024
-
$1,116/mo

About Lakes of Falcon Ridge


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Frequently Asked Questions

When was property at 518 West Lake Drive built and last sold?
The property at 518 West Lake Drive was built in 2003 and last sold on Jul 26, 2016 for $418,500.
How much is this home worth?
The estimated value of the home located at 518 West Lake Drive is $616,100.
What are some comparable homes to 518 West Lake Drive?
Homes that are comparable to 518 West Lake Drive include a house property at 1206 Eagle Lakes Drive, 1603 Keystone Drive, 1302 Eagle Lakes Drive.

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