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$563,904

NAL Estimated Property Value

1057 Shady Lane Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,071 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.7 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringWood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,449 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APN3266-000A-0029-00-0R
Lot Number29
SubdivisionCaruth Lakes Phase 8b
Land UseResidential
Legal DescriptionCARUTH LAKES PHASE 8B, BLOCK A, LOT 29
Census Tract040202
Assessed Land Value$180,000
Assessed Improvement Value$383,904
Assessment Year2025

About this property

Stunning sunset lake views set the tone for this PRE INSPECTED, move in ready home located in the highly sought after Caruth Lakes community. This beautifully maintained 4 bedroom, 3 bathroom home offers nearly 3,100 square feet of thoughtfully designed living space on a premium lot backing to a greenbelt with water views. The backyard is truly a standout, featuring a covered patio, putting green, & extended custom outdoor space perfect for relaxing, hosting BBQs, entertaining, or simply taking in the peaceful setting and incredible sunsets, with a layout that offers excellent potential for a future pool that would further enhance the already impressive views. Inside, the open floorplan is complemented by comfortably heightened ceilings, wood flooring, & a spacious living area anchored by a fireplace that flows seamlessly into a well appointed kitchen with granite countertops, gas cooktop, large island, & sizable pantry. The primary suite offers a true retreat with dual sinks, garden tub, separate shower, sitting area, and a generously sized walk in closet. The layout is highly functional with 3 bedrooms downstairs & 1 bedroom upstairs, providing flexibility and separation of space. A dedicated downstairs flex room adds even more versatility for a home office, study, or additional functional space. Upstairs also features a private game room & full bathroom, creating an ideal setup for multi-gen living, guest quarters, or a secondary private living space. Built in 2017, this home blends modern design with everyday livability & is ideally located just minutes from historic downtown Rockwall with convenient access to dining, shopping, and attractions. Residents of Caruth Lakes enjoy access to private Lake Caruth for fishing & outdoor enjoyment, along with a splash pad, playground, & jogging & biking trails. Zoned to Rockwall ISD and positioned near major roadways for ease of commute, this home offers a rare opportunity to enjoy space, views, and lifestyle all in one.

Investor Tools

Property Icon
$563,904
Estimated Property Value
$299,427Estimated Mortgage Balance
$266,258Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,383 /month
Positive
Cash Flow Estimate:
$1,128 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$810/month
$289/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,896
$563,904
2025
$180,000
$383,904
$563,904
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,896
$563,904

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kwik Mortgage Corp
Conventional
$333,000
No
First
Feb 18, 2021
Mar 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,427
$264,477
46%
53%
$1,997/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,286/mo
+$724/mo
6.4%

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: Rockwall

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1057 Shady Lane Dr | Property Details | No Agent List