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$1,284,655

1038 Cornelius Road, Rockwall, TX, 75087

Off MarketInfo
Baths0 Bath
Baths4,326 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size1.50 acres

Building Information

Year Built2023
Stories1
Garage Spaces1715

Land Information

APNS3606-000A-0008-00-0R
Lot Number8
SubdivisionEstates On The Ridge
Land UseVacant Land
Legal DescriptionESTATES ON THE RIDGE, BLOCK A, LOT 8
Census Tract040201
Assessed Land Value$270,000
Assessed Improvement Value$1,014,655
Assessment Year2025

About this property

LOOKING TO BUILD YOUR DREAM HOME ON 1.5 ACRES IN ROCKWALL COUNTY? COME AND GET THIS ONE WHILE YOU CAN. This 150.01' x 435.60' lot has plenty of room for you to use your imagination and watch it come to life. This upcoming development already has a few recently completed homes on acreage. Come out and take a look at the quality of your neighbors' homes and become a part of this fabulous community. Fantastic price for this much land in Rockwall located in Rockwall ISD. See Estates on the Ridge's Declaration of Covenants, Conditions and Restrictions, as well as Plat Map attached hereto. Buyer to verify all information.

Investor Tools

Property Icon
$1,284,655
Estimated Property Value
$0Estimated Mortgage Balance
$488,124Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,708 /month
Positive
Cash Flow Estimate:
$2,569 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,130/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,141
$1,284,655
2025
$270,000
$1,014,655
$1,284,655
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,141
$1,284,655

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$800,000
Yes
First
Feb 18, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$796,531
$488,124
37%
62%
$4,797/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.

Explore Texas Explore This Area
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: Rockwall

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