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$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

$1,365,024Estimated Mortgage Balance
$507,284Estimated Equity
0% 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

ContactContact

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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

City: Royse City

1700 N Munson Road | Property Details | No Agent List