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$189,000

3554 S Fm 551, Royse City, TX, 75189

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,216 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$111.02 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesOther
FlooringCarpet, Linoleum

Building Information

Year Built1985
Stories1

Land Information

APN3185-0000-0032-00-94
Lot Number32
Land UseResidential
Legal DescriptionBURKETT EST, LOT 32, LABEL # NTA0511880, FLEETWOOD, IMP ONLY
Census Tract040408
Assessed Improvement Value$24,425
Assessment Year2024

About this property

**MULTIPLE OFFERS RECEIVED**Highest and Best due by Midnight, July 14** Amazing opportunity to own land in Rockwall County! 1.05 acre corner lot, in between I30 and Hwy 276. So close to all of the city amenities, with no City Taxes! Current mobile home on the property is 3 beds and 2 full baths; in need of full remodel and repair. Seller makes no warranties on condition. Selling AS-IS. Mobile home could also be removed to bring in your own. Rockwall ISD!

Investor Tools

Property Icon
$189,000
Estimated Property Value
$0Estimated Mortgage Balance
$189,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$105/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$313
$24,425
2024
N/A
$24,425
$24,425
No

Tax History

Year
Tax Paid
Assessed Value
2023
$313
$24,425

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$189,000
100%
0%
$0/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: Royse City

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3554 S Fm 551 | Property Details | No Agent List