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B+
NoAgentList RatingHow are grades calculated? Info
Days243Days on Market
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$499,000

$524,000

1140 Monterra Way, Fate, TX, 75087

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,825 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.64 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListMust-SellAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size7,579 sqft

Building Information

Year Built2024
Stories1
Garage Spaces3

Land Information

APN4447-000M-0010-00-0R
Lot Number10
Land UseResidential Sfr Non-Waterfront
Legal DescriptionMONTERRA PHASE 1A BLK M LOT 10
Census Tract040407
Assessed Land Value$70,000
Assessed Improvement Value$487,773
Assessment Year2025

About this property

THIS IS THE ONE, BEST VALUE IN THE NEIGHBORHOOD!! NEW ROOF (2026). REFRIGERATOR INCLUDED. ASSUMABLE FHA LOAN AT 3.99% FOR QUALIFIED BUYERS. SUBJECT TO LENDER APPROVAL. Welcome to 1140 Monterra Way, where modern farmhouse elegance meets everyday comfort in the highly sought-after Monterra community and Rockwall ISD. Built by K. Hovnanian the Frankfurt floor plan, this beautifully designed home offers 4 bedrooms, 2.5 baths, and 2,825 sq ft of thoughtfully crafted living space. From the moment you step inside, you'll be captivated by the warm, inviting atmosphere and stylish finishes that make this home truly special. Just off the entry, a private home office with charming double barn doors provides the perfect space for working remotely, studying, or creating a quiet retreat. An additional activity room near the secondary bedrooms offers flexibility for a playroom, media space, home gym, or hobby room. At the heart of the home, the expansive great room showcases stunning wood ceiling beams and seamlessly connects to the dining area and gourmet kitchen, creating an ideal setting for gathering with family and friends. The kitchen is a dream for both everyday living and entertaining, featuring a large center island, abundant cabinetry, and designer finishes that blend beauty with functionality. The private primary suite is thoughtfully tucked away at the rear of the home, creating a peaceful sanctuary. Unwind after a long day in the luxurious ensuite bath, complete with a freestanding soaking tub, separate shower, and spa-inspired ambiance.Step outside and enjoy the oversized covered patio, perfect for morning coffee, weekend barbecues, or relaxing evenings under the Texas sky. Newly planted trees along the back fence line will continue to mature, providing additional privacy and enhancing the outdoor living experience. Beyond the home itself, Monterra offers a lifestyle you'll love with convenient access to I-30, shopping, dining, grocery stores, and major retail.

Investor Tools

Property Icon
$557,773
Estimated Property Value
$455,840Estimated Mortgage Balance
$116,195Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,347 /month
Positive
Cash Flow Estimate:
$1,116 /month

Interested in this property?

Becky Chance

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$542/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,720
$557,773
2025
$70,000
$487,773
$557,773
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,720
$557,773

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
K Hovnanian American Mortgage Llc
Fha
$455,840
Yes
First
Sep 25, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$441,578
$116,195
20%
79%
$2,733/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$3,333/mo
$-1,023/mo
5.0%

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: Fate

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1140 Monterra Way | Property Details | No Agent List