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$406,379

1531 Timber Ridge Dr, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,258 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.92 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop

Exterior

Lot Size9,801 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN3867-000A-0024-00-0R
Lot Number24
SubdivisionHickory Ridge Phase One
Land UseResidential
Legal DescriptionHICKORY RIDGE PHASE ONE, BLOCK A, LOT 24
Census Tract040512
Assessed Land Value$137,000
Assessed Improvement Value$269,379
Assessment Year2025

About this property

Welcome home to this beautifully maintained two-story residence offering 4 spacious bedrooms, 2.5 bathrooms, and a thoughtfully designed floor plan perfect for today's lifestyle. Freshly painted throughout, this move-in-ready home features two generous living areas, including a cozy family room with a fireplace and an upstairs game room that provides additional space for entertaining, relaxing, or family fun. Laundry is a snap with the oversized utility room. The well-appointed kitchen boasts granite countertops, abundant cabinetry, and ample workspace, making meal preparation a breeze. Luxury vinyl plank flooring and tile throughout the main level offer both style and durability, while the upstairs secondary bedrooms and game room feature comfortable carpeting. The private primary suite provides a peaceful retreat, while the additional bedrooms offer flexibility for family, guests, or a home office. A rear-entry two-car garage provides added convenience. The fenced backyard is large enough for kids and pets. Pride of ownership is evident throughout this well-maintained home, offering the perfect combination of comfort, functionality, and timeless appeal. Don't miss your opportunity to lease this exceptional property.

Investor Tools

Property Icon
$406,379
Estimated Property Value
$348,000Estimated Mortgage Balance
$86,202Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,438 /month
Positive
Cash Flow Estimate:
$813 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$733/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,761
$406,379
2025
$137,000
$269,379
$406,379
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,761
$406,379

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$348,000
No
First
Apr 19, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,177
$86,202
21%
79%
$2,087/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,087/mo
+$923/mo
8.9%

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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