1view

Owner Contacts

$650,000

NAL Estimated Property Value

1264 Nelson Falls Ln, Houston, TX, 77008

Off Market

3 Beds

4 Bath

2,674 Sq Ft

$214.66 / sqft

Built in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 2

Garage Available

Heating Central

Cooling

Exterior

Lot Size2,975 sqft

Building Information

Year Built2013

Garage Spaces2

Land Information

APN1295910010045

Lot Number45

SubdivisionBeall Addition 15 1/2 Street Amend

Land UseResidential

Legal DescriptionLT 45 BLK 1 BEALL ADDITION 15 1/2 STREET AMEND

Census Tract511201

Assessed Land Value$163,515

Assessed Improvement Value$416,485

Assessment Year2025

About this property

Welcome home to 1264 Nelson Falls Lane located in the sought-after Heights Shady Acres Area! This oversized 3 bedroom, 2 full & 2 half bathrooms 1st FLOOR LIVING gated community home is conveniently located next to the many area restaurants, breweries, coffee shops, parks & hike/bike trails. First floor living with open concept living, dining & kitchen w/ beautiful NEW hardwood floors, high ceilings & crown molding. All 3 bedrooms are on the 2nd floor w/ game room (plumbed for wet bar) & spacious outdoor deck on the 3rd floor with un-obstructed views for miles! The 3rd floor has a huge media/game room, half bath, plus access to the rooftop deck. New flooring throughout entire home (Wood floors 1st and 2nd floors), New exterior paint including patio, New Light Fixtures, Recent Spray foam insulation on 1st floor, tons of garage storage, and steps from the community dog park! Schedule you showing today, this one won't last long!

Investor Tools

$650,000

Estimated Property Value

$216,103Estimated Mortgage Balance

$433,897Estimated Equity

67% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,900 /month

Positive

Cash Flow Estimate:

$1,300 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,256/month

$1,848/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,822

$580,000

2025

$163,515

$416,485

$580,000

Tax History

Year

Tax Paid

Assessed Value

2024

$11,822

$580,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rock Mortgage Services Lp

Conventional

$226,000

First

Dec 12, 2023

Jan 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$216,103

$444,897

67%

33%

$1,355/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$3,203/mo

$-973/mo

4.1%

Learn About the Market: Opportunity in Houston

Explore

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 This Area