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B+
NoAgentList RatingHow are grades calculated? Info

$549,113

1715 Summer Lee Dr, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,509 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.17 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size40,032 sqft

Building Information

Year Built2012
Stories1
Garage Spaces2

Land Information

APN4507-000D-0001-00-0R
Lot Number1
SubdivisionNewport Place
Land UseResidential
Legal DescriptionNEWPORT PLACE, BLOCK D, LOT 1
Census Tract040510
Assessed Land Value$170,000
Assessed Improvement Value$379,113
Assessment Year2025

About this property

Multiple offers - Please submit by 9pm, Tuesday, March 28th. All but a stone's throw from The Harbor Rockwall and the amenities and restaurants available on Ridge Rd, this two story brick featuring an ascending arch motif facade is definitely one to see.  Pristine interiors that include a first story study and 2nd story family room are spacious and bathed during the day with natural light. Primary bedroom resides on the main floor while remaining bedrooms can be found upstairs.  Open living to kitchen layout offers a great arrangement for entertaining. Topping off this beautiful home is the jewel of a backyard.  A quaint and cozy covered patio area, perfect for morning coffee or evening cocktails, terraces downward to another al fresco sitting area then terraces down again to a beautiful pool surrounded by tall foliage offering privacy and seclusion.  Come take a look.

Investor Tools

Property Icon
$549,113
Estimated Property Value
$524,012Estimated Mortgage Balance
$54,779Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$830/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,220
$549,113
2025
$170,000
$379,113
$549,113
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,220
$549,113

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plains Commerce Bank
Fha
$524,012
Yes
First
Apr 20, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,334
$54,779
9%
90%
$3,142/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,142/mo
$-132/mo
6.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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1715 Summer Lee Dr | Property Details | No Agent List