Pearland - Friendswood Edition | March 2023

REAL ESTATE

Featured Neighborhood Featured neighborhood

SOUTH HAMPTON, 77584 The South Hampton community is in the city of Pearland. It is located near various dining options and Hwy. 288.

521 YEAROVERYEAR MARKET DATA: JANUARY The number of homes sold decreased in four of ve local ZIP codes in January versus January 2022. Meanwhile, the median price of homes sold increased in four of ve ZIP codes in the same time. 518 77581 77584

77089

Homes on the market* 0 Median home value $322,500 Homes under contract* 1 Average days on the market* 14 Median annual property taxes $5,519 Median price per square foot $153.16

77546

77578

288

NUMBER OF HOMES SOLD

77089

77546

77578

77581

77584

Year

2022 2023

Build-out year: 2002 Square footage: 1,500-2,700 Home value: $275,000-$350,000 HOA dues (estimated): $389 annually Schools: Challenger Elementary School, Berry Miller Junior High School, Glenda Dawson High School Property taxes (in dollars): City of Pearland 0.62377 Brazoria County 0.29111 Pearland ISD 1.3027 Brazoria County Drainage District No. 4 0.138 Brazoria County Municipal Utility District No. 19 0.27 Brazoria County road and bridge 0.05 Total (per $100 valuation) 2.6756

MEDIAN PRICE OF HOMES SOLD

WITH YEAROVERYEAR PERCENTAGE CHANGE

2022

2023

77089

77546

77578

77581

77584

Sale price

$600K

+7.39%

$500K

+14.6% +1.48%

$400K

+10.5%

$300K

11.48%

NEIGHBORHOOD DATA PROVIDED BY ALINA ROGERS SPARROW REALTY 2819612944 ALINAWROGERSYAHOO.COM

$200K

$100K $0

*AS OF FEB. 1

INTEREST RATE AS LOW AS 3.75% *

2023 VOTER GUIDE COMING SOON

New Homes from the $260s - $1M+

LOCAL CANDIDATES & ORGANIZATIONS: CONTACT US FOR ADVERTISING

*Promotional rate applies to first two years only. Funds are limited. All products are subject to credit and property approval. Programs, rates, program terms and conditions subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. *Scenario is an estimate only and is based on primary residences only, 640 FICO score and a 2/1 buydown on a $400,000 purchase price with an FHA 30-year agreement (360 months) fixed rate loan amount of $392,755 at 96.5% LTV. Year 1 (0-12 months) rate at 3.750%, APR of 3.819%, and monthly payment of $2,606.81, year 2 (13-24 months) rate of 4.750%, APR of 6.819%, and monthly payment of $2,837, and a year 3-30 (25-360 months) rate of 5.750%, APR of 6.819%, and monthly payment of $3,081. Monthly payments include principal, interest, mortgage insurance, and estimated property taxes and homeowners insurance. Example payment does not include HOA, MUD or PID (if applicable) and payment obligation may be greater. 2/1 Buydown Program: Rate reduction up to 2%; buy down rate for up to 2 years; seller will pay for the buy down; adjusts 1% each year; returns to original fixed rate after buy down period. Rates effective as of 12/2/2022 and loan must fund by 3/31/2023. Available on select homes only and subject to cancellation/change at any time. See a Coventry Homes representative for details. This is not a commitment to lend.

DIGITAL

DIRECT MAIL

�866� 989�6808 � COMMUNITYIMPACT.COM�ADVERTISE

PEARLAND FRIENDSWOOD EDITION • MARCH 2023