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Days1593Days on Market
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$239,900

$245,000

1505 Signal Ridge Pl, Rockwall, TX, 75032

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,185 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$202.45 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDisposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size3,528 sqft

Building Information

Year Built1985
Stories1

Land Information

APN4967-000Q-1505-00-0R
SubdivisionSignal Ridge #3
Land UseResidential
Legal DescriptionSIGNAL RIDGE #3 UNIT 1505 BLDG Q .081AC .4722% OWNERSHIP OF COMMON AREA
Census Tract040510
Assessed Land Value$135,000
Assessed Improvement Value$120,825
Assessment Year2025

About this property

Enjoy a relaxed lakeside lifestyle in this beautifully updated single-story condo nestled within a private gated community. The thoughtfully designed floor plan offers two spacious bedrooms, each with a private full bathroom and generous walk-in closet, providing comfort and privacy for residents and guests. The kitchen features granite countertops, attractive cabinetry, and ample preparation space while opening directly to the dining and living areas for a natural, connected flow. New laminate flooring enhances the main living spaces, while both bedrooms feature new carpet. The refrigerator, washer, and dryer are included, making this home truly move-in ready. Just moments from the water, the community offers access to the marina, fishing, scenic lake views, a swimming pool, and a relaxing spa. This inviting condo is ideal as a full-time residence, weekend retreat, or lock-and-leave getaway.

Investor Tools

$0Estimated Mortgage Balance
$255,825Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,535 /month
Positive
Cash Flow Estimate:
$512 /month

Interested in this property?

Yara Jabr

Mark Spain Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
$327/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,455
$255,825
2025
$135,000
$120,825
$255,825
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,455
$255,825

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$255,825
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$327/mo
+$1,503/mo
8.6%

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.

Explore Texas Explore This Area
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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1505 Signal Ridge Pl | Property Details | No Agent List