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$530,017

NAL Estimated Property Value

3031 Fallbrook Dr, Rockwall, TX, 75032

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,564 Sq Ft
price_per_sqft$125.98 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size8,364 sqft

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APN3871-000U-0006-00-0R
Lot Number6
SubdivisionHickory Ridge Phase 4
Land UseResidential
Legal DescriptionHICKORY RIDGE PHASE 4, BLOCK U, LOT 6
Census Tract040512
Assessed Land Value$137,000
Assessed Improvement Value$393,017
Assessment Year2025

About this property

Welcome to 3031 Fallbrook Drive in the highly sought-after Rockwall ISD! This beautifully updated 5-bedroom home offers the perfect blend of luxury, functionality, and resort-style outdoor living. Thoughtfully upgraded throughout, this spacious two-story home is designed for both comfortable everyday living and unforgettable entertaining. Step inside to discover a bright open-concept layout featuring updated flooring, recessed lighting, neutral designer finishes, and expansive living spaces. The oversized family room with fireplace flows seamlessly into the kitchen and breakfast area, creating the ideal gathering space for family and guests. The kitchen offers granite countertops, stainless steel appliances, abundant cabinetry, generous prep space, and a functional open layout overlooking the main living area. A versatile front living and dining space provides flexibility for a formal dining room, home office, or playroom. Upstairs, the large game room offers endless possibilities for a media room, gym, or additional entertainment space. The oversized primary suite serves as a private retreat with room for a sitting area and a fully remodeled spa-inspired bathroom featuring dual vanities, designer finishes, and a frameless glass walk-in shower. Secondary bathrooms have also been tastefully renovated with contemporary finishes and fixtures. Outside, enjoy your own private backyard oasis complete with a custom pool, tanning ledge, spa, covered outdoor living area, extended patio space, and upgraded privacy fencing with electric gate access. Whether relaxing poolside or entertaining guests, this outdoor space is truly exceptional. Additional major updates include: Solar panels installed in 2021 Roof replaced in 2018 HVAC system replaced in 2019 Window replacement in 2019 Conveniently located near parks, shopping, dining, Lake Ray Hubbard, and major commuter routes. Community offers splash pad, pickleball, pavilion and trails.

Investor Tools

Property Icon
$530,017
Estimated Property Value
$184,895Estimated Mortgage Balance
$345,122Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,180 /month
Positive
Cash Flow Estimate:
$1,060 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$866/month
$77/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$530,017
2025
$137,000
$393,017
$530,017
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$530,017

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
360 Mortgage Group Llc
Va
$234,050
Yes
First
Jul 29, 2016
Sep 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,895
$345,122
65%
35%
$1,404/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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3031 Fallbrook Dr | Property Details | No Agent List