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$299,000

$302,000

1538 Signal Ridge Place 1538, Rockwall, TX, 75032

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,893 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$157.95 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

BankruptcyPre-ForeclosureHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Lot Size5,619 sqft

Building Information

Year Built1985
Stories2

Land Information

APN4967-000P-1538-00-0R
SubdivisionSignal Ridge #3
Land UseResidential
Legal DescriptionSIGNAL RIDGE #3 UNIT 1538 BLDG P .129AC .7543% OWNERSHIP OF COMMON AREA
Census Tract040510
Assessed Land Value$123,750
Assessed Improvement Value$149,883
Assessment Year2025

About this property

Lake Lifestyle Without the Maintenance Gated Signal Ridge Beauty Experience lakeside living in the gated Signal Ridge community, just steps from Lake Ray Hubbard and minutes from The Harbor's waterfront dining, shopping, and entertainment. This updated 3 bedroom, 3 bath home offers space, privacy, and resort-style amenities in one of Rockwall's most desirable locations. Natural light fills the home through a dramatic wall of windows overlooking mature trees and one of four community pools. Two living areas and two private balconies with eastern and western exposures provide ideal spaces for morning coffee and evening sunsets. Each bedroom includes a private en-suite bath, making the layout perfect for family, guests, or multigenerational living. The remodeled kitchen is oversized and features quartz countertops, soft-close shaker cabinets, custom pantry doors, updated hardware, a designer sink. Additional updates include fresh interior paint, an updated fireplace tile and mantle, new bathroom flooring and shower tile, and solar screens throughout. Well maintained with major recent improvements, the home includes a new roof (2025), upstairs HVAC replacement (2024), water heater replacement (2022), AC service (2025), chimney cleaning, and dryer vent maintenance (2026). Residents enjoy four resort-style pools, beautifully maintained grounds, and a peaceful community setting. With the lake shoreline a one-minute walk away and The Harbor just minutes from home, this property combines comfort, convenience, and the best of Rockwall's waterfront lifestyle. Schedule your private showing today.

Investor Tools

Property Icon
$273,633
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

Interested in this property?

Martha Eason

Bradford Elite Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$350/month
$522/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,828
$273,633
2025
$123,750
$149,883
$273,633
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,828
$273,633

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$255,050
No
First
Apr 28, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$499,586
N/A
0%
183%
$3,060/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$3,582/mo
$-1,272/mo
10.1%

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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1538 Signal Ridge Place 1538 | Property Details | No Agent List