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$559,508

NAL Estimated Property Value

1470 Meandering Way, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,465 Sq Ft
price_per_sqft$190.45 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Double Oven
FlooringCarpet, Vinyl

Exterior

Lot Size12,807 sqft

Building Information

Year Built1985
Stories1
Garage Spaces2

Land Information

APN4950-000D-0018-00-0R
Lot Number18
SubdivisionThe Shores
Land UseResidential
Legal DescriptionTHE SHORES, BLOCK D, LOT 18
Census Tract040103
Assessed Land Value$179,200
Assessed Improvement Value$380,308
Assessment Year2025

About this property

Located in the Golf Course community of The Shores and next to Lake Ray Hubbard, this exquisite home boasts a stunning Victorian-style facade that radiates timeless elegance. Nestled behind perfectly manicured trees and a charming circular driveway. Upon entering, you'll be captivated by the expansive living area, where a focal fireplace creates a warm and inviting ambiance. The vaulted ceiling with exposed wood beams enhances the sense of space, while adjacent rooms feature elegant tray ceilings. The spacious kitchen is a chef's paradise, offering an abundance of counter space and cabinets to meet all culinary needs, while the formal dining area, currently utilized as an office, features barn doors for added privacy, blending function with style. Entertainment enthusiasts will appreciate the media room, complete with a retractable screen—ideal for movie nights. This sophisticated room is adorned with picture frame paneling, and a conveniently located bar area ensures refreshments are always close at hand. The home is equipped with numerous built-ins for efficient storage and organization. Step outside to discover a backyard oasis complete with a sparkling pool, all set amidst a serene privacy fence. A covered living space offers a delightful area for relaxation and entertaining, ensuring seamless indoor-outdoor living. RV pad is also offered. Situated on a corner lot in the sought-after neighborhood of The Shores, this home truly combines Victorian elegance with modern comforts.

Investor Tools

Property Icon
$559,508
Estimated Property Value
$0Estimated Mortgage Balance
$559,508Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,959 /month
Positive
Cash Flow Estimate:
$1,320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$769/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,436
$559,508
2025
$179,200
$380,308
$559,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,436
$559,508

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$559,508
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$60/mo
+$2,950/mo
6.5%

City: Rockwall

1470 Meandering Way | Property Details | No Agent List