21 days on rocket

716-722 Fallow Dr, Venus, TX, 76084

$830,000

Home List Price

$9,856*

Closing Credit

9 Bedrooms
6 Full Baths, 2 Partial
Multi

Location

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716-722 Fallow Dr, Venus$830,000

Buyer Closing Credits

$9,856*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Attached Garage4 spaces
Year Built2021
HeatingCentral, Electric
CoolingCentral Air
MLS #20786473
Lot Size0.18 Acres
StatusActive

About 716-722 Fallow Dr

Perfect for 1031 Exchange! Prime opportunity to invest in 100% occupied Class-A like-new luxury fourplex in scorching hot DFW market. Fantastic location across near Google's $1.6B Data Centers. Ellis County has experienced explosive population growth in the last decade, and it is expected to grow by 200% by 2050. Zoned to great Midlothian schools. The fourplex has a 3-2 unit (flat), a 2-2 unit (flat) and two townhouse style 2-1.5 units. Each unit has a one car garage. Total incoming rent of $80,160 per year and 6% CAP rate on actual financials. Don't miss out - this opportunity will be snatched quickly!

Property Details

Property Features

Property Information:

  • Year Built: 2021

Listing Office:

  • Office Name: Signature Real Estate
  • Office Phone: (713) 952-3200
  • Listing Agent: Erion Shehaj

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal
  • Flooring Type: Carpet, Luxury Vinyl, Luxury VinylPlank
  • Interior: Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 6
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Garage

Virtual/3D Tour

  • Virtual Tour: 716-722 Fallow Dr
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Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Going W. on HWY 67 toward Venus right after Jones Rd will be Heritage Hills Parkway on the right. If you come to Patriot Parkway on the right you have gone too far. The site is between Jones Rd. & Patriot Pkwy (Or search for Fallow Dr on Google Maps)

Price Information

Listing Price Info

Price Summary:

  • List Price: $830,000

HOA Fees:

  • Amount: $1600
  • Frequency: Annually
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Housing Market Comparison

See how this home compares to others in Venus, TX.

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Venus, TX

City

Med. List Price

$372.9K

Med. Price/SqFt

$190

Avg. Days On Market

93

# of Sold Homes

10

716-722 Fallow Dr vs Venus

21 DAYS ON ROCKET

-72 Days

$830,000

+$457K More

KEY TAKEAWAY

This property is $457K more than the Median List Price in Venus, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20786473

Listing Office:

  • Office Name: Signature Real Estate
  • Office Phone: (713) 952-3200
  • Listing Agent: Erion Shehaj

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/18/2024, 9:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,343

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,555

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4470922
4
/10

  • Venus Elementary School

  • 20 Bulldog Dr

  • 2.14 miles

  • Public District Grades 2-5

school-card-donut-4470923
5
/10

  • MT. Peak Elementary School

  • 5201 FM 663

  • 4.94 miles

  • Public District Grades PK-5

school-card-donut-4470924
6
/10

  • J.R. Irvin Elementary School

  • 600 S 5th St

  • 5.33 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,121. The most common annual income of people living in Venus, TX is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Johnson County›Venus›76084›716-722 Fallow Dr

This home is located at 716-722 Fallow Dr in Venus, TX and zip code 76084. This home, which was built in 2021, sits on a 0.18 acre lot. Features: 9 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $830,000.

In November 2024 in Venus, TX there were 0.9% less homes for sale than in October 2024. Listings spent 93 days on the market in November 2024, and had a median list price of $372,950 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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