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$388,293

NAL Estimated Property Value

163 Colonial Trace, Fate, TX, 75189

Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,127 Sq Ft
price_per_sqft$186.4 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesSome Gas Appliances, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Plumbed For Gas
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Lot Size6,011 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APN5262-000C-0010-00-0R
Lot Number10
SubdivisionWilliamsburg Phase 1a
Land UseResidential
Legal DescriptionWILLIAMSBURG PHASE 1A, BLOCK C, LOT 10
Census Tract040408
Assessed Land Value$126,000
Assessed Improvement Value$262,293
Assessment Year2025

About this property

Wait, what??? This 5 bedrooms, 2 baths home has a POOL and an additional half bath outside, numerous upgrades, sits on a premium lot overlooking two ponds, a stone's throw away from I-30 in ROCKWALL ISD. Speaking of upgrades, on the outside, this home has front and back custom stone work, a custom-built shed, and marine-grade landscape lighting. On the inside, Lutron wireless, dimmable switches, upgraded lighting and fans, custom closets, wood cabinets in the kitchen, panel wall in dining room, and mud-room-worthy panel wall with hooks. Both bathrooms have heaters, and the tile in kitchen and master shower are upgraded. The only carpeted spaces in the home are the bedrooms. Now, if you ever wanted a true butler's pantry, try a designer one for that - storage, butcher block countertop, beautiful wallpaper, and custom lighting (see Matterport tour!). Under 10 minutes drive to Rockwall, and the elementary school is in the neighborhood! Come see it and make it your own!

Investor Tools

Property Icon
$388,293
Estimated Property Value
$359,280Estimated Mortgage Balance
$29,013Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,379 /month
Positive
Cash Flow Estimate:
$793 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$806/month
$431/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,734
$388,293
2025
$126,000
$262,293
$388,293
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,734
$388,293

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vellum Mortgage Llc
Fha
$380,850
Yes
First
Apr 14, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,280
$29,013
7%
93%
$2,284/mo

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: Fate

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