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Days23Days on Market
Views1view

$1,399,000

1700 N Munson Road, Royse City, TX, 75189

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,531 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$396.21 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 4Bathrooms 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven

Exterior

Lot Size5 acres

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APN0142-0000-0023-07-0R
SubdivisionS Mcfadgin
Land UseAgriculture / Farming
Legal DescriptionABS A0142, S MCFADGIN, TRACT 23-7, 5.0000 ACRES
Census Tract040412
Assessed Land Value$61,830
Assessed Improvement Value$445,454
Assessment Year2025

About this property

Some properties are just special — and this is one of them. Nestled on 10 peaceful AG EXEMPT acres outside of city limits in Rockwall County, this one-of-a-kind multi-use property offers the space, flexibility, and charm that today's buyers are searching for. Whether you're looking to keep the whole family close, or simply have room to spread out and breathe, this property delivers in every way. The main home is as versatile as it is welcoming, offering 5 bedrooms — or 4 bedrooms plus a dedicated office-along with a private mother-in-law suite ideal for extended family or guests. Thoughtfully designed with an open floor plan, the home is perfectly suited for entertaining and everyday living alike. Natural gatherings flow effortlessly from room to room, making every get-together feel warm and memorable. This home has also been thoughtfully updated with recently replaced 5-ton AC units for added comfort and efficiency. The fully insulated garage with its own mini-split system provides the perfect setup for a workshop, gym, hobby space, or climate-controlled storage. Step outside and you'll quickly realize the magic doesn't stop at the front door. The back 3 acres are horse fenced and ready for your animals, while the wide-open acreage gives you room to roam, relax, and enjoy peaceful country living Just a short walk across the property sits an impressive 2,782 square foot shop — a dream for hobbyists, entrepreneurs, and anyone who needs serious space for equipment, vehicles, or projects. But the real surprise is what's inside — a beautifully appointed 1,218 square foot apartment complete with a living room, bedroom, full kitchen, and bathroom. With wide open spaces, no city restrictions, and endless possibilities, this property is truly a rare find. Opportunities like this don't come around often — come experience it for yourself and start imagining the life you could build here.

Investor Tools

Property Icon
$507,284
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
$8,394 /month
Positive
Cash Flow Estimate:
$2,798 /month

Interested in this property?

Marjorie Bradford

Bradford Elite Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$841/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,561
$507,284
2025
$61,830
$445,454
$754,204
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,561
$507,284

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certified Funding Lp
Purchase Money Mortgage
$726,000
No
First
Feb 3, 2023
Feb 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,365,024
N/A
0%
269%
$8,706/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: Royse City

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1700 N Munson Road | Property Details | No Agent List