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$565,000

NAL Estimated Property Value

1248 Nelson Falls Ln, Houston, TX, 77008

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths4 Bath
Baths2,518 Sq Ft
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 2012

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Range, Refrigerator, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size2,152 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1295910030003
Lot Number3
SubdivisionBeall Addition 15 1/2 Street Amend
Land UseResidential
Legal DescriptionLT 3 BLK 3 BEALL ADDITION 15 1/2 STREET AMEND
Census Tract511201
Assessed Land Value$118,250
Assessed Improvement Value$405,585
Assessment Year2025

About this property

Wonderful craftsman style single family home located in the sought after gated community of Covington Park. Nestled in the popular Shady Acres neighborhood, features a new AC (2019), new carpet (2020). Charming curb appeal w/ a fenced-in front greenspace, perfect for pets. Welcoming covered front porch. 1st floor living w/ open floorplan w/ kitchen,living&dining. Spacious primary suite w/ soaring ceiling. Spa-like bath w/ oversized tub, separate shower, huge walk-in closet. 2 secondary beds w/ a Jack & Jill bath. Large third floor game rm; flexible space: could make an ideal gym,guest bed,study. Amazing rooftop deck (flooring redone in 2020); perfect space for outdoor entertaining! Walking distance to popular restaurants: Crisp, Eureka Heights Brew Co, New Magnolia Brew Co, Bungalow Heights, Wicklow Heights, Hubcap Grill, Preslee's, Fluff Bake Bar; just to name a few! Steps away from the bike&trail & even bingo right around the corner! Available for immediate move in! Fridge included!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,090/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,250
$523,835
2025
$118,250
$405,585
$523,835
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,250
$523,835

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$350,000
No
First
Oct 8, 2025
Nov 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$346,435
$233,565
40%
61%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,099/mo
+$131/mo
4.7%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1248 Nelson Falls Ln | Property Details | No Agent List