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Days25Days on Market
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$265,000

305 Blue Sage Dr, Fate, TX, 75087

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,869 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.79 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesOther

Exterior

Lot Size6,621 sqft

Building Information

Year Built2009
Stories1
Garage Spaces1

Land Information

APN5153-000L-0005-00-0R
Lot Number5
SubdivisionSpring Meadow Phase 2
Land UseResidential
Legal DescriptionSPRING MEADOW PHASE 2, BLOCK L, LOT 5
Census Tract040404
Assessed Land Value$109,740
Assessed Improvement Value$192,864
Assessment Year2025

About this property

Welcome to this inviting single story home in the Spring Meadow community of Fate. The functional floor plan offers 3 bedrooms, 2 full bathrooms and approximately 1,869 square feet of comfortable living space. A spacious living area is anchored by a stone wood burning fireplace, while flexible dining areas provide room for everyday meals and entertaining. Additional features include an attached two car garage, covered front porch, open patio and fenced backyard. Conveniently located near Interstate 30 with easy access to schools, shopping, dining and nearby Rockwall. With no MUD or PID fees, this property offers an appealing opportunity for owner occupants and investors alike. Schedule your private showing today.

Investor Tools

Property Icon
$302,604
Estimated Property Value
$189,050Estimated Mortgage Balance
$147,346Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,816 /month
Positive
Cash Flow Estimate:
$605 /month

Interested in this property?

Matthew Gallagher

NB Elite Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$452/month
$97/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,911
$302,604
2025
$109,740
$192,864
$302,604
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,911
$302,604

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compass Bank
Conventional
$189,050
No
First
Oct 13, 2017
Nov 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,258
$147,346
48%
51%
$1,134/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,231/mo
+$1,079/mo
9.2%

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: Fate

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305 Blue Sage Dr | Property Details | No Agent List