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$478,000

303 Summit Ridge Drive, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.35 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Indoor Grill, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Other
Lot Size13,112 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN4790-000F-0006-00-0R
Lot Number6
SubdivisionRidge Road Village
Land UseResidential
Legal DescriptionRIDGE ROAD VILLAGE, BLOCK F, LOT 6
Census Tract040303
Assessed Land Value$184,000
Assessed Improvement Value$265,055
Assessment Year2025

About this property

Old Rockwall charm plus Amazing 70’s function is move in ready or you could easily adjust to Magnolia or Modern style w 1 or 2 changes. 4-3.5-2 plus grand formals & ACed atrium w partial lake views from the backyard! Formals off the entry ready for entertaining family & friends. Spacious bright kitchen & separate breakfast has brick accent wall. Large family room w all brick fireplace & gas log. Oversized bedrooms including a split second master. 50 year old trees cast lots of shade & an 8’ fence for privacy in the back. Major foundation repair complete w LTW, plumbing test, full pro sheetrock repair & paint, and full floors 2020. Don’t wait for the values to go up after the city finishes the new sidewalks.

Investor Tools

Property Icon
$478,000
Estimated Property Value
$0Estimated Mortgage Balance
$272,482Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,868 /month
Positive
Cash Flow Estimate:
$956 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$653/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,449
$449,055
2025
$184,000
$265,055
$449,055
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,449
$449,055

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$231,800
No
First
Jul 20, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,518
$272,482
57%
43%
$1,390/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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303 Summit Ridge Drive | Property Details | No Agent List