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$605,662

NAL Estimated Property Value

1960 Lake Forest Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,592 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Washer
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size10,149 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN3976-000D-0005-00-0R
Lot Number5
SubdivisionHillcrest Shores Phase Three
Land UseResidential
Legal DescriptionHILLCREST SHORES PHASE THREE, BLOCK D, LOT 5
Census Tract040101
Assessed Land Value$131,300
Assessed Improvement Value$474,362
Assessment Year2025

About this property

Sellers are offering $5,000 towards the buyers closing cost for an acceptable offer by August 14th, 2023. Step into this meticulously maintained traditional home, where elegance and comfort meet. The open floor plan seamlessly connects the living, dining, and kitchen areas, providing an inviting space for relaxation and entertainment. Step outside to the covered back patio, a serene retreat perfect for enjoying the outdoors in any weather. And the cherry on top - a sparkling pool, added in 2019, offering a private oasis to escape and unwind. With extra storage space, this home ensures functionality and organization. Experience the best of traditional living with modern comforts in this exceptional home.

Investor Tools

Property Icon
$605,662
Estimated Property Value
$474,914Estimated Mortgage Balance
$130,748Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,005/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,036
$605,662
2025
$131,300
$474,362
$605,662
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,036
$605,662

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$500,000
No
First
Aug 31, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$474,914
$130,748
21%
78%
$2,998/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: Rockwall

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1960 Lake Forest Dr | Property Details | No Agent List