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$359,000

122 Mischief Lane, Rockwall, TX, 75032

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,405 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.27 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyAuctionPre-ForeclosureMust-SellDeal ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size9,104 sqft

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APN3363-000A-0010-00-0R
Lot Number10
SubdivisionChandlers Landing #20
Land UseResidential Sfr Non-Waterfront
Legal DescriptionCHANDLERS LANDING #20, BLOCK A, LOT 10
Census Tract040510
Assessed Land Value$172,050
Assessed Improvement Value$361,615
Assessment Year2025

About this property

INSTANT EQUITY + CHANDLERS LANDING LIFESTYLE! Welcome to 122 Mischief Lane, a 3-bedroom, 2.5-bath home offering 2,405 square feet in the highly sought-after Chandlers Landing community of Rockwall. Ideally situated on a quiet cul-de-sac, this 2006-built home presents an exceptional opportunity for buyers looking to create value and personalize a home in an established, amenity-rich neighborhood. The home is currently on the tax rolls at approximately $500,000, making this a compelling opportunity for buyers willing to invest in cosmetic updates and make the home their own. With a desirable floor plan, generous living spaces and a private backyard, the possibilities are here to transform this property into your ideal home while building equity along the way. Step outside and enjoy the privacy of the backyard—perfect for morning coffee, weekend gatherings or simply relaxing at the end of the day. The cul-de-sac setting adds to the peaceful feel while providing a location that is convenient to everything Rockwall has to offer. And then there’s the Chandlers Landing lifestyle. This established, gated lake community is known for its beautiful setting along Lake Ray Hubbard and its unique combination of recreation, community and convenience. Residents enjoy access to amenities designed for an active lifestyle, including tennis, pickleball, swimming pools, parks, playgrounds, walking areas and marina access, along with neighborhood events and a strong sense of community. Whether you’re an investor, a buyer looking for instant equity potential, or someone who has been waiting for an opportunity to get into Chandlers Landing and make a home your own, 122 Mischief Lane is worth a closer look. Bring your vision, your design ideas and your imagination—this is an opportunity to create something special in one of Rockwall’s most recognizable lake communities.

Investor Tools

$250,037Estimated Mortgage Balance
$283,628Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,202 /month
Positive
Cash Flow Estimate:
$1,067 /month

Interested in this property?

Christopher Knox

Legacy & Co. Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$950/month
$205/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,730
$533,665
2025
$172,050
$361,615
$533,665
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,730
$533,665

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brazos National Bank
Fha
$319,113
Yes
First
Jul 29, 2016
Aug 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$250,037
$283,628
53%
47%
$1,914/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,119/mo
+$191/mo
5.2%

City: Rockwall

122 Mischief Lane | Property Details | No Agent List