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$327,900

400 Falcon Ln, Leander, TX, 78641

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.11 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Range, Free-Standing Range, Refrigerator, Electric Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard

Building Information

Year Built2009
Stories2
Garage Spaces2

Land Information

APNR-17-W346-1L1A-I001-0001
Lot Number1
SubdivisionSummerlyn
Land UseResidential
Legal DescriptionS8980 - SUMMERLYN PH L-1A, BLOCK I, LOT 1
Census Tract020329
Assessed Land Value$79,000
Assessed Improvement Value$277,241
Assessment Year2025

About this property

Great Opportunity! Priced below market! Whether you’re purchasing your first home or adding to your investment portfolio, this property has previously rented at or above market value. This 4-bedroom, 2.5-bath home sits on a large corner lot and features a functional layout with plenty of space. The home features an open two-story living room that creates a spacious feel. Downstairs offers no carpet, with wood-look porcelain tile in the living room and primary bedroom, plus wood laminate flooring in the bonus room. The kitchen includes abundant cabinet space, granite countertops, tile backsplash, and the refrigerator conveys. The primary suite is located on the main floor and features a garden tub, double sinks, walk-in shower, and a spacious walk-in closet. Roof replaced in 2024. The backyard backs to open green space and includes a storage shed for additional outdoor storage. With just a minor cosmetics, this home offers an excellent opportunity for homeowners and investors alike, and is priced below market to allow you to do so. Neighborhood amenities include a community pool, parks, and walking/jogging trails, with easy access to 183A, shopping, and restaurants.

Investor Tools

$145,357Estimated Mortgage Balance
$211,673Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,137 /month
Positive
Cash Flow Estimate:
$712 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$785/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,637
$356,241
2025
$79,000
$277,241
$356,241
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,637
$356,241

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$184,000
No
First
May 23, 2016
Jun 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,357
$216,643
59%
41%
$1,104/mo

Learn About the Market: Opportunity in Texas

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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.

Explore Texas Explore This Area
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: Leander

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400 Falcon Ln | Property Details | No Agent List