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$850,000

209 Falcon Point Dr, Heath, TX, 75032

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,473 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$244.75 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Refrigerator
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Lot Size27,878 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APN3626-000D-0003-00-0R
Lot Number3
SubdivisionFalcon Point Ph 2
Land UseResidential
Legal DescriptionFALCON POINT PH 2, BLOCK D, LOT 3
Census Tract040508
Assessed Land Value$240,000
Assessed Improvement Value$752,516
Assessment Year2025

About this property

Luxurious and like new, this stunning single story home is located in one of Heath's most sought after neighborhoods! Upon entering the home, you are greeted by beautiful wood floors throughout the light filled living space. The open concept space is anchored by a stunning stone fireplace with views of the large backyard and sparkling new pool. The gourmet kitchen features an oversized island, spacious pantry, ss appliances, and beautiful cabinetry. The private owner's retreat is large with a beautiful soaking tub and spacious shower. The family can spread out with a separate game room near the back of the home PLUS three large secondary bedrooms AND an office. Two bedrooms feature a jack-in-jill bathroom while one is an ensuite. Step outside to enjoy the oversized & extended covered patio overlooking the tranquil pool and pond. You'll have easy access to top-rated schools, shopping centers, and dining options, ensuring a well-rounded and convenient lifestyle.

Investor Tools

Property Icon
$992,516
Estimated Property Value
$628,000Estimated Mortgage Balance
$377,461Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,955 /month
Positive
Cash Flow Estimate:
$1,985 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,633/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,630
$992,516
2025
$240,000
$752,516
$992,516
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,630
$992,516

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zillow Home Loans Llc
Conventional
$628,000
No
First
Mar 26, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$615,055
$377,461
38%
62%
$3,766/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$4,416/mo
$-1,406/mo
3.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

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: Heath

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209 Falcon Point Dr | Property Details | No Agent List