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$439,000

NAL Estimated Property Value

1402 Sherwood Dr, Rowlett, TX, 75088

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,344 Sq Ft
price_per_sqft$181.31 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Electric Oven, Gas Cooktop, Gas Water Heater, Double Oven, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Lot Size13,000 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN44022820530020000
Lot Number2
SubdivisionToler Bay
Land UseResidential
Legal DescriptionTOLER BAY 2 BLK C LOT 2 INT202000203288 DD07272020 CO-DC 0228205300200 1CW02282053
Census Tract018145
Assessed Land Value$120,000
Assessed Improvement Value$303,660
Assessment Year2025

About this property

Just three homes from the shoreline of Lake Ray Hubbard, this thoughtfully updated residence sits on a professionally landscaped oversized lot shaded by mature trees, including a stunning, massive Live Oak anchoring the front yard. Located in the sought-after Toler Bay neighborhood, the property offers a rare blend of privacy, flexibility, and proximity to the lake. Inside, a desirable split floor plan places the primary suite on one side of the home and secondary bedrooms on the other, creating ideal separation for everyday living or guests. Two living areas and two dining areas provide versatile space for entertaining, working from home, or relaxing. Engineered wood flooring runs throughout the home with no carpet, complemented by tile in the kitchen and bathrooms. The kitchen is well-equipped with a five-burner gas cooktop, double ovens, and abundant cabinetry. Both full bathrooms were renovated in 2022 and feature dual sinks, with the primary bath offering an oversized, zero-entry spa-style shower. Recent system updates include a roof replacement in January 2026 (warranty transferable to the new owner), a Rheem high-performance water heater (2021), and a three-zone HVAC system (2019). Outdoors, the property truly shines. In addition to the main residence, there is a large detached storage building with power, which is ideal for a workshop, playhouse, studio, or “she shed”, plus a greenhouse and a small attached shed, all equipped with electricity, outlets, and lighting. The expansive yard offers ample space to enjoy the outdoors while remaining just steps from lake access. A unique opportunity near Lake Ray Hubbard, combining modern updates, flexible spaces, and exceptional outdoor amenities.

Investor Tools

Property Icon
$439,000
Estimated Property Value
$0Estimated Mortgage Balance
$439,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,634 /month
Positive
Cash Flow Estimate:
$878 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$685/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,026
$423,660
2025
$120,000
$303,660
$423,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,026
$423,660

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$439,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
N/A
+$3,520/mo
9.6%

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: Rowlett

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