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$230,000

1649 Chesterwood Drive, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,929 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.23 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListDeal 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 Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size10,106 sqft

Building Information

Year Built2002
Stories1
Garage Spaces1

Land Information

APN4364-000L-0015-00-0R
Lot Number15
SubdivisionMeadowcreek Estates Phase Iv
Land UseResidential
Legal DescriptionMEADOWCREEK ESTATES PHASE IV, BLOCK L, LOT 15
Census Tract040512
Assessed Land Value$140,000
Assessed Improvement Value$173,232
Assessment Year2025

About this property

Looking for a place to call home? Well, you've found it. This single owner home has recently been updated with a refreshing coat of paint, newly replaced carpeting in all the bedrooms, and rustic grey vinyl wood flooring everywhere else. The color scheme used in this home gives you a beautiful blank canvas, so bring on those Pinterest ideas. It is located in an established neighborhood on an oversized lot which backs up to a greenbelt giving you that serene country feel without being too far from shopping, restaurants, and parks. Enjoy your summers BBQing under the huge covered patio while the kiddos are playing soccer in the ginormous backyard. Don't wait, schedule your appt TODAY!

Investor Tools

Property Icon
$313,232
Estimated Property Value
$0Estimated Mortgage Balance
$126,174Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,879 /month
Positive
Cash Flow Estimate:
$626 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
$59/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,449
$313,232
2025
$140,000
$173,232
$313,232
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,449
$313,232

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$211,850
No
First
May 6, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,058
$126,174
40%
60%
$1,271/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,330/mo
+$1,680/mo
11.5%

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.

Explore Texas Explore This Area
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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