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$839,000

$879,000

1203 Chapel Drive, Rockwall, TX, 75032

On MarketInfo
Price DropInfo
Beds5 Beds
Baths5 Bath
Baths3,299 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$254.32 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Lot Size11,413 sqft

Building Information

Year Built2023
Stories1
Garage Spaces3

Land Information

APNS5371-000A-0013-00-0R
Lot Number13
SubdivisionWhisper Rock
Land UseResidential Sfr Non-Waterfront
Legal DescriptionWHISPER ROCK, BLOCK A, LOT 13
Census Tract040507
Assessed Land Value$150,000
Assessed Improvement Value$600,000
Assessment Year2025

About this property

HUGE PRICE REDUCTION!!! ASSUMABLE VA LOAN AVAILABLE! Buyers do not have to be veterans to qualify, subject to lender and VA approval. Take advantage of an assumable 5.75 percent interest rate with very low closing costs. Welcome to this stunning custom home in the boutique Whisper Rock community, ideally situated on an interior cul de sac lot with exceptional curb appeal. Built for modern living, this 5 bedroom, 4.5 bath home offers an open concept design filled with natural light, soaring cathedral ceilings with wood beam accents, hardwood floors, and designer finishes throughout. The spacious family room flows seamlessly into the chef's kitchen featuring quartz countertops, stainless steel appliances, a large center island with seating, abundant cabinetry, and a generous dining area, perfect for everyday living and entertaining. The private first floor primary suite offers a spa inspired bath with dual vanities, oversized walk in shower, and an enormous walk-in closet. A versatile second living area can serve as a game room, media room, or additional living space, while the first floor fifth bedroom is ideal as a home office, guest suite, or flex room. Upstairs, the secondary bedrooms are generously sized, with three featuring ensuite baths for added comfort and privacy. Additional highlights include a 3 car garage, walk out storage area, designer lighting, and quality craftsmanship throughout. Conveniently located just minutes from Lake Ray Hubbard, marinas, shopping, dining, entertainment, and highly rated Rockwall ISD schools, with easy access to I 30 and the President George Bush Turnpike, this home offers the perfect combination of luxury, convenience, and functionality. Don't miss this rare opportunity to own a beautifully designed home with the added benefit of an assumable VA loan offering potential long-term savings.

Investor Tools

$644,421Estimated Mortgage Balance
$105,579Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,034 /month
Positive
Cash Flow Estimate:
$1,678 /month

Interested in this property?

Tanna Pendleton

Northbrook Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$680/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,405
$750,000
2025
$150,000
$600,000
$750,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,405
$750,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$659,000
Yes
First
Apr 9, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$644,421
$105,579
14%
86%
$3,952/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$4,852/mo
$-1,842/mo
4.8%

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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1203 Chapel Drive | Property Details | No Agent List