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$359,000

1740 Avonlea Drive, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,835 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.64 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,585 sqft

Building Information

Year Built2003
Stories1
Garage Spaces2

Land Information

APN4709-000D-0010-00-0R
Lot Number10
SubdivisionPromenade Harbor
Land UseResidential
Legal DescriptionPROMENADE HARBOR, BLOCK D, LOT 10
Census Tract040103
Assessed Land Value$135,000
Assessed Improvement Value$220,705
Assessment Year2025

About this property

Picture-perfect one-story home in Promenade Harbor. One block from the lake - go fishing, fly a kite, watch the gorgeous sunsets! Large living room with German schmear finish, gas log fireplace with rustic mantel. Entrance to extended patio from the living room. Kitchen has gleaming granite countertops, breakfast bar, gas cooktop, custom tile backsplash. Big picture window in breakfast area; large walk-in pantry. Primary bedroom is big enough for sitting area. Double sinks and garden tub in en suite bath. Beautiful, engineered wood floors, lovely lighting and ceiling fans. Rear-facing garage. So close to everything Rockwall has to offer, including shopping, historic downtown, medical, entertainment, major highways. New AC in 2022; home is very energy efficient. Only 25 minutes to Dallas. Pristine and ready for you to move-in!

Investor Tools

Property Icon
$355,705
Estimated Property Value
$0Estimated Mortgage Balance
$215,183Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$643/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,936
$355,705
2025
$135,000
$220,705
$355,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,936
$355,705

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Stand Alone Second / Subordinate Position
$150,000
No
First
Dec 20, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,522
$215,183
60%
40%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,260/mo
+$1,050/mo
7.8%

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: Rockwall

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1740 Avonlea Drive | Property Details | No Agent List