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$399,000

NAL Estimated Property Value

119 Exploration Way, Fate, TX, 75189

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,382 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.12 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,756 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNS5273-000G-0030-00-0R
Lot Number30
SubdivisionWilliamsburg Phase 2a
Land UseResidential
Legal DescriptionWILLIAMSBURG PHASE 2A, BLOCK G, LOT 30
Census Tract040408
Assessed Land Value$99,000
Assessed Improvement Value$275,228
Assessment Year2025

About this property

$0 Down Financing Available Easy Qualifying Terms! Ask listing agent for details. Backyard views like this are rare! 2022-built 4-bedroom, 2-bathroom home in the sought-after Williamsburg Ph 2A community in Fate, TX. Spanning 2,382 square feet, this single-story Traditional-style home offers a thoughtfully designed layout with engineered wood, tile, and carpet flooring. The open-concept living area features a ceiling fan for comfort, while the kitchen boasts Corian countertops, dual sinks, a pantry, and modern appliances, including an electric cooktop, oven, microwave, and dishwasher. The primary suite is a luxurious retreat with dual master baths and an ensuite bath, complemented by three additional spacious bedrooms and a dedicated home office. The property also includes a full-size laundry area, a 2-car attached garage, and Smart Home features. Enjoy the benefits of Rockwall ISD schools, with nearby Lupe Garcia Elementary, Herman E. Utley Middle, and Heath High. The HOA offers full use of facilities, and the location provides easy access to shopping, dining, and entertainment. Backing up to a serene greenbelt, this home offers peaceful views and added privacy. With no MUD tax, energy-efficient construction, and central heating and cooling, this home is move-in ready. Zero down financing may be available through our in-house lender on all MTX Realty listings—call the listing agent today for details and to schedule your private tour!

Investor Tools

Property Icon
$399,000
Estimated Property Value
$385,624Estimated Mortgage Balance
$13,376Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
$432/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,985
$374,228
2025
$99,000
$275,228
$374,228
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,985
$374,228

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Henry Rose
Seller Carryback / Seller Financing / Seller Take-Back
$389,091
No
First
Oct 9, 2025
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$385,624
$13,376
3%
97%
$2,030/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$2,462/mo
+$888/mo
10.1%

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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119 Exploration Way | Property Details | No Agent List