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$328,000

1518 Chesapeake Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,382 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.7 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,451 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APN3263-000S-0003-00-0R
Lot Number3
SubdivisionCaruth Lakes Phase 8a
Land UseResidential
Legal DescriptionCARUTH LAKES PHASE 8A, BLOCK S, LOT 3, (REPLAT 2014)
Census Tract040202
Assessed Land Value$150,000
Assessed Improvement Value$330,471
Assessment Year2025

About this property

MULTIPLE OFFERS! STUNNING 1 STORY 4 BEDROOM, OPEN, DESIRABLE FLOORPLAN. Beautiful drive-up, stone elevation, swing drive, custom iron door, fabulous foyer, dining room perfect for entertaining, delicious kitchen includes REFRIGERATOR, granite, island & breakfast bar open to living w high ceilings, cast stone fireplace w gas starter, study with French doors. One hallway leads you to an inviting master suite with luxurious bathroom & walk-in closet. Additional hallway leads you to additional bedrooms, full bathroom & separate utility room that you don't walk thru from garage (nice) with cabinets, drip dry area & room for an additional appliance. Backyard landscaped covered patio. Recent flooring upgrades & more!

Investor Tools

Property Icon
$480,471
Estimated Property Value
$311,600Estimated Mortgage Balance
$200,840Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,883 /month
Positive
Cash Flow Estimate:
$961 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$760/month
$264/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,716
$480,471
2025
$150,000
$330,471
$480,471
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,716
$480,471

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Conventional
$311,600
No
First
Jan 15, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,631
$200,840
41%
58%
$1,869/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,133/mo
+$877/mo
7.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1518 Chesapeake Dr | Property Details | No Agent List