$449,000 Last Listed Price
●
House -
Off Market
1240 Nelson Falls Lane
Houston, TX 77008
3 Beds
3 Baths,
1
Half Bath
2,316 Ft²
$600,400
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
A beautiful place to call home in a gated community with wide
streets and proximity to all of your favorite things! Nested in a
premier location in the heart of Shady Acres within walking
distance to local restaurants, trails & parks, this 3-story,
free-standing home is a wonderful find.First level living with open
floor plan & elegant hardwoods extending through family
room,kitchen,powder room & dining area.Recently turfed backyard
separates home from detached garage, a great, private space for
gatherings and pets.. a rare find in this area! Large master
retreat on second level.Master bath features dual sinks, vanity,
spa tub, separate shower & spacious walk-in closet. At other end of
second level hallway is multi-use landing that opens to its own
balcony. Third level has game room with custom built-ins, 2
bedrooms & 2 full en-suite baths. Home includes great updates:
high-end interior paint, custom built-ins, open shelving in dining
room, designer hardware & more. Pristine condition!
Unit Size
2,316 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$194
Property Type
House
Property Taxes
$714
HOA Dues
$149
Year Built
2008
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (HAR #67945170)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2020 | Sold | ||
| Sold | |||
| Jun 24, 2020 | Listed by Martha Turner Sotheby's | $449,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
A beautiful place to call home in a gated community with wide streets and proximity to all of your favorite things! Nested in a premier location in the heart of Shady Acres within walking distance to local restaurants, trails & parks, this 3-story, free-standing home is a wonderful find.First level living with open floor plan & elegant hardwoods extending through family room,kitchen,powder room & dining area.Recently turfed backyard separates home from detached garage, a great, private space for gatherings and pets.. a rare find in this area! Large master retreat on second level.Master bath features dual sinks, vanity, spa tub, separate shower & spacious walk-in closet. At other end of second level hallway is multi-use landing that opens to its own balcony. Third level has game room with custom built-ins, 2 bedrooms & 2 full en-suite baths. Home includes great updates: high-end interior paint, custom built-ins, open shelving in dining room, designer hardware & more. Pristine condition!
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sarah Ghandour, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 67945170
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 5 months ago
Data Source: HAR , MLS# 67945170
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017