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$441,000

NAL Estimated Property Value

1389 Grass Valley Drive, Rockwall, TX, 75087

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,651 Sq Ft
price_per_sqft$173.14 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile

Exterior

Lot Size8,059 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN4291-000H-0010-00-0R
Lot Number10
SubdivisionLakeview Summit Phase 1-A
Land UseResidential
Legal DescriptionLAKEVIEW SUMMIT PHASE 1-A, BLOCK H, LOT 10
Census Tract040101
Assessed Land Value$148,500
Assessed Improvement Value$292,364
Assessment Year2025

About this property

Located in the heart of Rockwall, this great 5 bedroom home is move-in ready! The updated kitchen opens to the main living area with lots of space to entertain. Primary bedroom down with large bathroom with separate tub and shower. Upstairs features all secondary bedrooms with 2 full baths and a huge gameroom. The community has walking paths and community parks. In just a few minutes' drive, you can be enjoying the restaurants, breweries, local shopping and farmer's market of downtown Rockwall. Located close to Lake Ray Hubbard for all your summer adventures.

Investor Tools

Property Icon
$441,000
Estimated Property Value
$167,449Estimated Mortgage Balance
$273,551Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,754 /month
Positive
Cash Flow Estimate:
$918 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,090/month
$175/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,873
$440,864
2025
$148,500
$292,364
$440,864
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$10,873
$440,864

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Planet Home Lending Llc
Conventional
$182,000
No
First
Feb 20, 2022
Jun 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,449
$273,551
62%
38%
$1,092/mo

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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1389 Grass Valley Drive | Property Details | No Agent List