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$449,900

$482,000

1540 Great Lakes Ct, Rockwall, TX, 75087

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,329 Sq Ft
price_per_sqft$193.17 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size8,625 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APN3263-000Q-0002-00-0R
Lot Number2
SubdivisionCaruth Lakes Phase 8a
Land UseResidential
Legal DescriptionCARUTH LAKES PHASE 8A, BLOCK Q, LOT 2, (REPLAT 2014)
Census Tract040202
Assessed Land Value$150,000
Assessed Improvement Value$315,970
Assessment Year2025

About this property

Single Owner (Since 2014) and Lake Views! Welcome to 1540 Great Lakes Court, a beautifully maintained single-owner home nestled in the desirable Caruth Lakes community of Rockwall. Built in 2014, this 4-bedroom, 3-bath residence offers a thoughtfully designed layout with a dedicated office and stunning views of Phelps Lake just steps from your front door. Inside, you’ll find rich finishes and timeless upgrades throughout, including a gorgeous granite kitchen that opens seamlessly to the main living area- perfect for both everyday living and entertaining. The spacious family room features a striking stone fireplace, creating a warm and inviting atmosphere. The private primary suite offers a relaxing retreat with a spa-like bath and walk-in shower. Generously sized secondary bedrooms and a functional layout provide flexibility for families, guests, or work-from-home needs. Step outside to enjoy a covered back patio and wrought iron fencing that allows you to take full advantage of the peaceful surroundings and scenic views. With direct access to one of Rockwall’s largest parks and Phelps lake just steps across the street- this home offers the perfect blend of comfort, convenience, and outdoor living. Zoned to Rockwall ISD and a short drive to retail, shopping, dining, and more in Rockwall. Lovingly cared for and move-in ready, this is a rare opportunity to own a home in one of Rockwall’s most sought-after neighborhoods!

Investor Tools

$351,267Estimated Mortgage Balance
$145,324Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

Interested in this property?

Kaylie Williams

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$681/month
$288/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,695
$465,970
2025
$150,000
$315,970
$465,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,695
$465,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Fha
$256,455
Yes
First
Jan 17, 2017
Feb 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$351,267
$127,733
26%
71%
$2,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,757/mo
+$253/mo
7.3%

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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1540 Great Lakes Ct | Property Details | No Agent List