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$326,981

NAL Estimated Property Value

148 Summerhill Dr, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,507 Sq Ft
price_per_sqft$231.59 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave
FlooringLuxury Vinyl Plank

Exterior

Lot Size7,057 sqft

Building Information

Year Built1994
Stories1
Garage Spaces2

Land Information

APN5297-000H-0015-00-0R
Lot Number15
SubdivisionWindmill Ridge Est #3a
Land UseResidential
Legal DescriptionWINDMILL RIDGE EST #3A, BLOCK H, LOT 15
Census Tract040503
Assessed Land Value$130,000
Assessed Improvement Value$196,981
Assessment Year2025

About this property

Welcome home to a beautifully renovated property. Open, light & airy, highlights all of the new glistening granite throughout the kitchen & baths. New top quality Lifeproof vinyl plank flooring throughout. Ceiling fans & fixtures have been replaced & new hardware installed. The kitchen is a dream with stainless steel appliances, new dishwasher, a farm sink with new fixtures and iced beveled backsplash in the kitchen. Popcorn ceilings have been removed throughout, raised baseboards & premium Behr marquee paint finishes. The bathrooms shine! Incredible master ensuite with separate hydro garden tub & shower. The walkup is warm and inviting flanked by a stone pocket-garden. Two car single entry door garage with opener. New ceiling fans throughout along with new lighting fixtures. This home is ready turn-key. Close to Rockwall's famed Harbor District, neighborhood-tree lined streets & a beautiful park-greenbelt with pathway & playground one block away. Located in Heath HS area.

Investor Tools

Property Icon
$326,981
Estimated Property Value
$312,397Estimated Mortgage Balance
$14,584Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,240
$326,981
2025
$130,000
$196,981
$326,981
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,240
$326,981

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$334,650
No
First
Oct 21, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$312,397
$14,584
4%
96%
$2,007/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,007/mo
+$303/mo
8.5%

City: Rockwall

148 Summerhill Dr | Property Details | No Agent List