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$566,812

NAL Estimated Property Value

1401 Novato Ct, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,945 Sq Ft
price_per_sqft$169.78 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size23,914 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APN4294-000A-0050-00-0R
Lot Number50
SubdivisionLakeview Summit Phase Iv
Land UseResidential
Legal DescriptionLAKEVIEW SUMMIT PHASE IV, BLOCK A, LOT 50, (2016 REPLAT)
Census Tract040101
Assessed Land Value$135,000
Assessed Improvement Value$431,812
Assessment Year2025

About this property

This beautiful listing at 1401 Novato Court  in Rockwall is situated on a half-acre cul-de-sac lot directly across from Grace Hartman Elementary. The property features 4 bedrooms and 3.5 baths, including a primary suite with double sinks, a garden tub, and a separate shower. The open floor plan boasts high ceilings and a large kitchen with a gas cooktop, island, breakfast bar, and walk-in pantry, all overlooking the family room and its decorative fireplace. Additional features include:   - Office located just off the entryway.   - Gameroom and secondary bedrooms upstairs, including one with a private bath.   - Large covered porch    - Convenient access to community bike trails, a pool, and the Rockwall Golf and Athletic Club. I would love to show you around this one-of-a-kind home. Please let me know if you have any questions!

Investor Tools

Property Icon
$566,812
Estimated Property Value
$306,144Estimated Mortgage Balance
$260,668Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,401 /month
Positive
Cash Flow Estimate:
$1,134 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,005/month
$232/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,228
$566,812
2025
$135,000
$431,812
$566,812
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,228
$566,812

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$339,800
No
First
May 7, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$306,144
$260,668
45%
54%
$2,038/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,270/mo
+$740/mo
6.4%

City: Rockwall

1401 Novato Ct | Property Details | No Agent List