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Owner Contacts

$623,000

NAL Estimated Property Value

1607 Falcon Dr, Keller, TX, 76248

Off Market

5 Beds

4 Bath

2,991 Sq Ft

Single Family Residence

$207.26 / sqft

Built in 1995

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Microwave, Convection Oven, Double Oven

FlooringCarpet, Tile

Exterior

Private Pool

Exterior FeaturesBarbecue, Rain Gutters, Outdoor Kitchen

Lot Size9,235 sqft

Building Information

Year Built1995

Stories2

Garage Spaces3

Land Information

APN25588-1-20

Lot Number20

SubdivisionMeadows At Bear Creek, The

Land UseResidential

Legal DescriptionMEADOWS AT BEAR CREEK, THE BLOCK 1 LOT 20

Census Tract113912

Assessed Land Value$90,100

Assessed Improvement Value$490,745

Assessment Year2025

About this property

Gorgeous home with character and charm nestled in the HEART OF KELLER. The moment from walking in you will adore the HARDWOOD FLOORS and UPDATED FIXTURES throughout. The kitchen is an absolute CHEFS DREAM that is open to the family room with freshly painted cabinets and offers plenty of workspace. The breakfast nook and family room feature a WALL OF WINDOWS overlooking the SPARKLING POOL and BACKYARD. The Master Suite with beautiful SPA BATHROOM is OVERSIZED with windows overlooking the Pool and Backyard as well. Upstairs features an OVERSIZED G.ROOM and Large Secondary Bedrooms. HVAC is 6 years old with approx. 16 years remaining for the warranty, Roof is approx. 18 months old, Water Heaters are approximately 3 years old and there are new garage doors. You will enjoy being conveniently located just minutes from Southlake Town Ctr. for a variety of restaurants, shopping, and a short drive to DFW Airport. There is easy access to the trails of B. Creek Park from the back of the subdv.

Investor Tools

$623,000

Estimated Property Value

$492,403Estimated Mortgage Balance

$130,597Estimated Equity

20% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,738 /month

Positive

Cash Flow Estimate:

$1,246 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$559/month

$242/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,596

$580,845

2025

$90,100

$490,745

$580,845

Tax History

Year

Tax Paid

Assessed Value

2024

$3,596

$580,845

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$496,000

First

Dec 29, 2025

Jan 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$492,403

$130,597

20%

79%

$2,974/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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