24Days on Market

2view

$240,000

$250,000

1123 Fallbrook Dr, Houston, TX, 77038

On Market

Price Drop

3 Beds

2 Bath

1,479 Sq Ft

Single Family Residence

$162.27 / sqft

Built in 1979

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Gas Range, Dishwasher

FlooringLaminate

Exterior

Lot Size7,183 sqft

Building Information

Year Built1979

Stories1

Garage Spaces2

Land Information

APN1074620000807

Lot Number807

SubdivisionFallbrook

Land UseResidential

Legal DescriptionLT 807 BLK 23 FALLBROOK SEC 2

Census Tract533702

Assessed Land Value$33,039

Assessed Improvement Value$194,477

Assessment Year2025

About this property

Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home featuring high ceilings and an open, inviting floor plan. The updated kitchen offers stylish cabinetry, quartz countertops, new stainless steel appliances, and modern finishes. The spacious primary suite includes an upgraded bathroom, while the secondary bedrooms are perfect for family or guests. Both bathrooms have been renovated. Recent updates include a new roof, fresh interior and exterior paint, new flooring throughout, a new garage door, updated lighting, and modern fixtures. Enjoy bright living and dining areas filled with natural light. Best of all, **NO HOA!** Conveniently located near major highways, shopping, dining, schools, and everyday amenities, this move-in-ready home is one you don't want to miss. Schedule your private showing today!

Investor Tools

$227,516

Estimated Property Value

$32,100Estimated Mortgage Balance

$227,211Estimated Equity

86% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,440 /month

Positive

Cash Flow Estimate:

$480 /month

Interested in this property?

Marisela Rodriguez

The Agency Team

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$266/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,049

$227,516

2025

$33,039

$194,477

$227,516

Tax History

Year

Tax Paid

Assessed Value

2024

$2,049

$227,516

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Sovanna Ouch

Seller Carryback / Seller Financing / Seller Take-Back

$32,100

First

Sep 12, 1996

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$305

$227,211

99%

$193/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$193/mo

+$1,529/mo

9.1%

Learn About the Market: Opportunity in Houston

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From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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