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$230,000

1118 Signal Ridge Pl, Rockwall, TX, 75032

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,578 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$145.75 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Refrigerator, Washer

Exterior

Lot Size4,661 sqft

Building Information

Year Built1985
Stories2

Land Information

APN4967-000M-1118-00-0R
SubdivisionSignal Ridge #3
Land UseResidential
Legal DescriptionSIGNAL RIDGE #3 UNIT 1118 BLDG M .107AC .6288% OWNERSHIP OF COMMON AREA
Census Tract040510
Assessed Land Value$137,500
Assessed Improvement Value$130,405
Assessment Year2025

About this property

This beautifully updated condo in the popular Signal Ridge community offers 1,578 square feet of inviting, light-filled space with a flexible layout that can serve as three bedrooms or two bedrooms and an office, along with two full baths. In April 2025, the home went through a thoughtful refresh that included updated lighting in the kitchen and dining area. The primary bathroom was also updated with subway-tile shower walls, a refreshed tub surround, new countertops, sinks, and fixtures for a clean and modern look. Then in May 2025, laminate flooring was installed throughout the downstairs living areas and bedrooms, and fresh carpet was added to the stairs and upper level. You’ll appreciate the two comfortable living areas that provide plenty of room to relax or entertain, along with a private back patio that’s perfect for quiet mornings or evening gatherings. The home also comes with two dedicated parking spaces for added convenience. Signal Ridge offers resort-style amenities with several pools, a lap pool, and a hot tub, all in an unbeatable location just a short walk from The Harbor in Rockwall, where you can enjoy lakeside dining, shopping, entertainment, and beautiful views of Lake Ray Hubbard. The HOA is also investing in the community with major exterior updates underway, including roofs, chimneys, siding, trim, skylights, fascia, gutters, and more, making Signal Ridge look better than ever.

Investor Tools

$82,217Estimated Mortgage Balance
$185,954Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,607 /month
Positive
Cash Flow Estimate:
$536 /month

Interested in this property?

Max Luna

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
$435/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,407
$267,905
2025
$137,500
$130,405
$267,905
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,407
$267,905

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colonial National Mortgage
Conventional
$113,050
No
First
Feb 3, 2014
Mar 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,217
$185,688
69%
31%
$0/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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1118 Signal Ridge Pl | Property Details | No Agent List