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$454,372

NAL Estimated Property Value

1502 Encanto Trl, Rockwall, TX, 75087

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,670 Sq Ft
price_per_sqft$299.4 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Move-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size10,019 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNS4139-0000-0001-00-0R
Lot Number1
SubdivisionLadera At Rockwall Condominiums
Land UseResidential
Legal DescriptionLADERA AT ROCKWALL CONDOMINIUMS, LOT 1, .0082% OWNERSHIP COMMON AREAS
Census Tract040201
Assessed Land Value$113,000
Assessed Improvement Value$341,372
Assessment Year2025

About this property

Welcome to this beautifully maintained home in the sought-after Ladera neighborhood of Rockwall. Designed with comfort and convenience in mind, this property offers an inviting floor plan with thoughtful details throughout. The spacious living area is filled with natural light and flows seamlessly into the modern kitchen featuring quartz countertops, stainless steel appliances, ample cabinetry, and a large island perfect for entertaining. The open-concept layout connects the dining and living spaces, making gatherings easy and enjoyable. The primary suite provides a peaceful retreat with a generous walk-in closet and spa-inspired bathroom complete with dual vanities and an oversized shower. The large secondary bedroom offers versatility for family, guests, or a home office. A separate flex room provides even more options, ideal for a craft room, study, or additional office space. Step outside to an oversized patio with a covered pergola that overlooks the greenbelt, creating a serene outdoor living space ideal for relaxing or hosting gatherings. The living room and kitchen area are equipped with surround sound speakers, enhancing everyday living and entertaining. The property also includes a two-car garage, energy-efficient features, and tasteful finishes throughout. Located in Ladera, Rockwall’s premier 55+ active adult community, residents enjoy resort-style amenities including a clubhouse, fitness center, pool, pickleball courts, walking trails, and a vibrant social calendar. Just minutes from Lake Ray Hubbard, dining, shopping, and healthcare, this location blends tranquility with convenience. This property is move-in ready and offers the perfect combination of lifestyle, comfort, and community. Don’t miss the chance to call this one home!

Investor Tools

Property Icon
$454,372
Estimated Property Value
$297,103Estimated Mortgage Balance
$157,269Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$633/month
$357/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,326
$454,372
2025
$113,000
$341,372
$454,372
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,326
$454,372

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$318,266
No
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,103
$157,269
34%
65%
$1,909/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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1502 Encanto Trl | Property Details | No Agent List