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$300,000

15302 Falling Creek Dr, Houston, TX, 77068

PendingInfo
Beds5 Beds
Baths4 Bath
Baths2,526 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.76 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Lot Size9,997 sqft

Building Information

Year Built1975
Stories2
Garage Spaces2

Land Information

APN1053730000016
Lot Number16
SubdivisionOak Creek Village
Land UseResidential
Legal DescriptionLT 16 BLK 22 OAK CREEK VILLAGE SEC 3
Census Tract553001
Assessed Land Value$50,887
Assessed Improvement Value$261,474
Assessment Year2025

About this property

Finally—an updated, move-in-ready home in Oak Creek Village with space, style, & a floor plan that truly works for modern living. This spacious home offers 5 bedrooms & 3.5 bathrooms, including one bedroom conveniently located downstairs—ideal for guests, multigenerational living, or a private office. Home features an inviting layout with a formal dining room & extended formal living area, providing excellent flexibility for entertaining or everyday living. The updated kitchen is a standout with its center island, abundant counter space, & a bright breakfast room overlooking the backyard. Fresh updates throughout, ready for someone to make it their home. Outside, the property offers an expansive driveway with generous parking space, along with a large backyard area perfect for outdoor gatherings, play, gardening, or creating your own private retreat. With its thoughtful floor plan, stylish renovations, and desirable location, this home is an exceptional opportunity for today’s buyers.

Investor Tools

$154,098Estimated Mortgage Balance
$158,263Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,874 /month
Positive
Cash Flow Estimate:
$625 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
$415/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,485
$312,361
2025
$50,887
$261,474
$312,361
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,485
$312,361

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Fha
$176,739
Yes
First
Dec 19, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,098
$158,263
50%
49%
$1,060/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$1,475/mo
+$775/mo
8.6%

City: Houston