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$303,569

NAL Estimated Property Value

1012 Community Way, Royse City, TX, 75189

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,074 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.35 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave

Exterior

Lot Size7,386 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11715-00A-0200-1
Lot Number20
SubdivisionMagnolia Phase 1 (Gcn)
Land UseResidential
Legal DescriptionMAGNOLIA PHASE 1 (GCN), BLK A, LOT 20
Census Tract031201
Assessed Land Value$80,000
Assessed Improvement Value$223,569
Assessment Year2025

About this property

Prime location! Nestled right next to a picturesque pond & open green area, the seller paid a premium for this exceptional location and now you can reap the benefit. Imagine starting your day with a leisurely stroll to the pool conveniently located right next to your home or indulging in a relaxing fishing day. Step inside to discover the true beauty and craftsmanship that awaits you. With four spacious bedrooms, including a versatile fifth bedroom currently used as an office with no closet, this home provides ample space for everyone in the family. The three full bathrooms showcase upgraded countertops and flooring, Large family room off a spacious kitchen, equipped with SS appliances, granite countertops, an abundance of cabinets and a walk-in pantry. Landscaped backyard, with a large covered patio. No neighbors will ever be built behind you either! On the border of Josephine, with easy access to Hwy 30, this home offers the perfect combination of tranquility and convenience.

Investor Tools

Property Icon
$303,569
Estimated Property Value
$302,283Estimated Mortgage Balance
$1,286Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$757/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,572
$303,569
2025
$80,000
$223,569
$303,569
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,572
$303,569

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simplex Lending Llc
Conventional
$318,250
No
First
Aug 29, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,283
$1,286
0%
100%
$1,909/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.

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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: Royse City

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1012 Community Way | Property Details | No Agent List