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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
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.
Property Type
Residential
Year Built
2009
Lot Size
0.17 acres
$/Sq Ft
$147
HOA
$96.8/mo
Garage
4 spaces
Listed by Coldwell Banker Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
400 Falcon LN is listed at $327,900 with 4 bedrooms, 2 full, 1 half bathrooms, 2,229 square feet, 0.17-acre lot.
400 Falcon LN is zoned for Leander ISD with assigned schools: North (elementary), Danielson (middle), Glenn (high). School assignments should be verified directly with the district.
400 Falcon LN is a Residential built in 2009 featuring 4 bedrooms, 2 full, 1 half bathrooms, 2,229 square feet, 0.17-acre lot.
400 Falcon LN is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 400 Falcon LN is $7,312. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026 | — | $331,943 | $77,000 | $254,943 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($66K)
$327,900
Luxury property intelligence
A sourced read on Summerlyn Ph L-1a pricing, timing, and property scale. No automated valuation claim.
List price
$327,900
Price per sqft
$147/sqft
Vs. Summerlyn Ph L-1a median
Not available
Days on market
3 days
Original to current
No verified reduction
$327.9K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($65,580) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 400 Falcon LN is around $2,311 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $327,900, 400 Falcon LN is in the Summerlyn Ph L-1a market where there are currently 615 active listings in 78641. The Keenan Group has completed 6 transactions in 78641 as part of 1,000+ career sales totaling $1B+ across Austin.
400 Falcon LN includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
400 Falcon LN is part of a managed community with HOA dues of $97 quarterly. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
2 events on record
Current Price
$327,900
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026 | — | $331,943 | $77,000 | $254,943 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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