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Days115Days on Market
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$849,900

$885,000

1998 Mcdonald Road, Rockwall, TX, 75032

$946,763 ARVInfo
On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,812 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.95 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Garden
Lot Size1.53 acres

Building Information

Year Built2013
Stories1
Garage Spaces2

Land Information

APN3448-0000-0002-00-0R
Lot Number2
SubdivisionCumskeys Corner
Land UseAgriculture / Farming
Legal DescriptionCUMSKEY'S CORNER, LOT 2, ACRES 1.53
Census Tract040508
Assessed Land Value$321,300
Assessed Improvement Value$710,738
Assessment Year2025

About this property

With a significant price reduction, this home is now listed below market value. Located just east of Lake Ray Hubbard, this custom-designed 1.5 acre estate offers peaceful country living surrounded by million-dollar homes, while remaining 22 miles from downtown Dallas and minutes from Heath and Rockwall amenities and schools. The property features a highly adaptable floor plan that is ideal for multigenerational living or remote work, complete with spacious bedrooms, large walk-in closets, a generous laundry room, a versatile game room, and a dedicated media room. A dramatic wall of windows frames panoramic views of the outdoor living space, which includes a covered porch and a newly refreshed infinity pool with updated tile and equipment. Recent luxury updates include fresh interior paint, upgraded kitchen cabinets, countertops, and a new stove, as well as durable epoxy garage floors and a primary suite featuring a custom closet and spa-inspired bathroom. Additionally, the property includes a versatile barn with ample space to accommodate boat storage, recreational vehicles, garden equipment, or horses. Homeowners will also enjoy the financial benefits of country living with no city taxes and no HOA.

Investor Tools

$414,788Estimated Mortgage Balance
$617,250Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$946,762
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,192 /month
Positive
Cash Flow Estimate:
$2,064 /month

Interested in this property?

Lori Ericsson

David Griffin & Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,458/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,332
$1,032,038
2025
$321,300
$710,738
$1,032,038
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,332
$1,032,038

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$450,000
No
First
Mar 11, 2022
Apr 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$414,788
$617,250
59%
40%
$2,698/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.

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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1998 Mcdonald Road | Property Details | No Agent List