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$687,222

NAL Estimated Property Value

206 Gretel Pl, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,920 Sq Ft
price_per_sqft$165.79 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Double Oven
FlooringCarpet, Ceramic Tile, Laminate, Wood

Exterior

Exterior FeaturesBalcony
Lot Size11,500 sqft

Building Information

Year Built1988
Stories2
Roof Type105
Garage Spaces7

Land Information

APN3320-000B-0008-00-0R
Lot Number8
SubdivisionChandlers Landing #7
Land UseResidential
Legal DescriptionCHANDLERS LANDING #7, BLOCK B, LOT 8
Census Tract040510
Assessed Land Value$172,050
Assessed Improvement Value$515,172
Assessment Year2025

About this property

Welcome to a 4 bedrooms, 3 full bathrooms, 4 car garage dream home in the gated community of Chandlers Landing, with Rockwall ISD! This stunning colonial residence is well maintained and move-in ready. Main floor boasts guest bedroom, three living areas, two with updated hardwood. The upstairs has a large living area with a wood fireplace, three bedrooms and a balcony. The Living Area and Master Bedroom have an updated laminate wood flooring with double shower in the master bath. The kitchen boasts lots of storage space. Two AC units and both electrical boxes were recently replaced. Included is an amazing 700 sq ft finished basement with a projector screen wired for speakers. The community offers incredible lake views, spacious greenbelts, parks, ponds for picnics or fishing, tennis courts, playgrounds, a basketball court, lake access, a private beach area, and a restaurant all within the gated community with 24-hour neighborhood security. Must See!!!

Investor Tools

Property Icon
$687,222
Estimated Property Value
$447,360Estimated Mortgage Balance
$239,862Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,123 /month
Positive
Cash Flow Estimate:
$1,374 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,103/month
$233/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,797
$687,222
2025
$172,050
$515,172
$687,222
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,797
$687,222

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Commercial
$454,000
No
First
Jul 7, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,360
$239,862
34%
65%
$2,722/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,955/mo
+$55/mo
5.3%

Learn About the Market: Opportunity in Texas

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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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206 Gretel Pl | Property Details | No Agent List