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$659,900

1340 Fairlakes Pointe Dr, Rockwall, TX, 75087

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,062 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.51 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringConcrete, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size12,589 sqft

Building Information

Year Built2010
Stories1
Garage Spaces2

Land Information

APN3618-000A-0009-00-0R
Lot Number9
SubdivisionFairway Pointe Phase 2 The Shores
Land UseResidential
Legal DescriptionFAIRWAY POINTE PHASE 2 (THE SHORES), BLOCK A, LOT 9
Census Tract040101
Assessed Land Value$247,955
Assessed Improvement Value$478,827
Assessment Year2025

About this property

This beautiful contemporary stucco home is priced to sell and ready for viewing. Situated on a unique lot in the desirable Shores subdivision, the property sits directly on the Rockwall Golf & Athletic Club course, offering views of holes 11 and 12, as well as a tranquil pond. Key features of the home include Abundant windows providing natural light and beautiful views- High ceilings with etched stained concrete floors downstairs and hardwood upstairs - Two separate staircases leading to distinct family rooms - A poolside cabana set against the backdrop of the golf course. Beyond the home itself, The Shores community provides an array of amenities, including tennis, golf, pickleball, swimming, and a fully equipped fitness center. Residents can also look forward to upscale dining in the new clubhouse, scheduled for completion in November.

Investor Tools

$517,791Estimated Mortgage Balance
$213,627Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,361 /month
Positive
Cash Flow Estimate:
$1,454 /month

Interested in this property?

Donna McDonald

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$610/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,688
$726,782
2025
$247,955
$478,827
$726,782
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,688
$726,782

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Advisors Group
Reverse Mortgage / Hecm
$600,000
No
First
Aug 26, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$517,791
$270,209
34%
71%
$2,807/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$3,227/mo
$-917/mo
3.8%

City: Rockwall

1340 Fairlakes Pointe Dr | Property Details | No Agent List