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$629,900

$634,900

253 Landon Trl, Fate, TX, 75189

$653,371 ARVInfo
On MarketInfo
Price DropInfo
Beds5 Beds
Baths5 Bath
Baths3,702 Sq Ft
price_per_sqft$170.15 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Must-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
CoolingCooling
AppliancesGas Cooktop, Gas Oven

Exterior

Lot Size7,754 sqft

Building Information

Year Built2022
Stories1
Roof Type172
Garage Spaces2

Land Information

APNS3551-000H-0009-00-0R
Lot Number9
Land UseResidential
Legal DescriptionEDGEWATER PHASE 1, BLOCK H, LOT 9
Census Tract040409
Assessed Land Value$126,000
Assessed Improvement Value$428,511
Assessment Year2025

About this property

Beautifully maintained and thoughtfully designed, 253 Landon Trail offers the space, style, and value buyers are looking for in the sought-after Edgewater community of Fate. Built in 2022 and offering approximately 3,702 square feet, this spacious 5-bedroom, 4.5-bath home stands out with a striking brick-and-stone exterior, open-concept living, a private study, flexible living areas, and a bright, modern kitchen with designer finishes. With builders still active in the neighborhood, this home offers a compelling opportunity: more space, move-in ready convenience, and pricing positioned below many current new-build options. ASSUMABLE VA LOAN OPPORTUNITY — subject to lender approval and buyer qualification. In a market where monthly payment matters, this could be a meaningful advantage for the right buyer and adds another layer of value to an already attractive home. Inside, the main living area feels open and inviting with tall ceilings, abundant natural light, neutral tones, and a beautiful stone fireplace as the centerpiece. The kitchen features a large island, gas cooktop, built-in appliances, white cabinetry, designer backsplash, pendant lighting, and generous prep space that connects seamlessly to the dining and living areas. The floor plan offers room to spread out with a dedicated office, spacious laundry room, multiple flexible spaces, and plenty of room for guests, hobbies, fitness, media, or working from home. Located in Edgewater, residents enjoy community amenities including a resort-style pool, trails, parks, playgrounds, green spaces, ponds, and gathering areas. Zoned to Rockwall ISD and Rockwall-Heath High School, this home delivers the feel of newer construction without the wait. More space, established finishes, community amenities, strong school zoning, competitive pricing, and a potentially assumable VA loan make 253 Landon Trail a standout opportunity in Fate.

Investor Tools

$598,327Estimated Mortgage Balance
$73,673Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$653,370
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,779 /month
Positive
Cash Flow Estimate:
$1,260 /month

Interested in this property?

James Weir

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,189/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,497
$554,511
2025
$126,000
$428,511
$554,511
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,497
$554,511

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Va
$631,000
Yes
First
Sep 13, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$598,327
$73,673
10%
108%
$3,784/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: Fate

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