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1224 Fall Creek LOOP
About This Property
Inside, the open layout features high ceilings, abundant natural light, and large neutral tile laid on the diagonal throughout the main living areas. The renovated kitchen showcases refinished cabinetry, light-veined quartz countertops with matching backsplash, stainless appliances, a deep under-mount sink, and a 5-burner gas cooktop. The front living and dining area features a custom built-in buffet with glass cabinetry and crown molding.
The downstairs primary suite opens to the backyard patio through French doors, creating a relaxing private retreat. Upstairs offers a spacious game room with ceramic wood plank flooring and a striking granite waterfall wet bar, perfect for entertaining, along with newly installed carpet in the bedrooms.
A standout feature is the builder-converted third-car garage, now a fully finished flex space with heating and air conditioning, ideal for a home office, studio, gym, guest suite, or fifth bedroom.
Additional updates include refinished bathroom cabinets, updated lighting and fixtures, fresh paint, landscaping, and a built-in drop zone off the laundry room.
Located just steps from the neighborhood pool and close to shopping, dining, and Austin Community College, with access to the highly regarded Leander Independent School District. Residents also enjoy the nearby Cedar Park Public Library and the vibrant Saturday farmers market in the Bell District.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2026 | No longer available | - | |
| No longer available | |||
| Jun 13, 2026 | Price Decreased |
$682,000
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Mar 31, 2026 | Relisted | $685,000 | |
| Relisted | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by Redfin Corporation | $685,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017