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$987,590

NAL Estimated Property Value

1221 Falls Creek Dr, Graford, TX, 76449

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths2,592 Sq Ft
price_per_sqft$373.84 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Refrigerator, Tankless Water Heater, Washer
FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony, Outdoor Grill
Lot Size26,354 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN136775750
Lot Number33-R2
SubdivisionHill Country Harbor
Land UseResidential
Legal DescriptionHILL COUNTRY HARBOR PH 1 BLK B LT 33-R2 G#HCH00-01-00B00-033-R2-0
Census Tract000100
Assessed Land Value$112,000
Assessed Improvement Value$875,590
Assessment Year2025

About this property

AMAZING 4 bed and 4.5 bath cabin in the Harbor. Master bedroom downstairs and 3 bedrooms each with their own bathroom upstairs. Large outdoor back patio with cooking area and fireplace make this a perfect gathering spot. This home has reclaimed wood on the outside and inside giving it a rustic cabin feel, but all of the amenities of a luxurious retreat. Tankless water heaters, hand scraped wood flooring, and decorative furniture to make you feel right at home. There is a free standing two car garage that will allow you to park or store whatever lake toys you have. The Harbor community is the premier lake community on Possum Kingdom. Community events are at the heart with annual fishing derby's, Easter Egg hunts, dive in movies at the main pool, crawfish boils, live music, and entertainment for the whole family inside this gated community. A full time Concierge is waiting to assist with any needs or questions you have while owning a property. Two community pools, fitness center, spa, pickle ball, sand volleyball, and miles of walking trails provide plenty of activities for your family getaway! Cabins don't last long in this community and this is being sold fully furnished.

Investor Tools

Property Icon
$987,590
Estimated Property Value
$558,127Estimated Mortgage Balance
$429,463Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,926 /month
Positive
Cash Flow Estimate:
$1,975 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,179/month
$7,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,214
$987,590
2025
$112,000
$875,590
$987,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,214
$987,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Mortgage Associates Inc
Va
$569,000
Yes
First
Apr 18, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$558,127
$429,463
43%
57%
$3,412/mo

Learn About the Market: Opportunity in Texas

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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: Graford

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1221 Falls Creek Dr | Property Details | No Agent List