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$395,000

4020 Grotto Dr, Royse City, TX, 75189

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,071 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.73 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Combination, Vinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size6,273 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN5302-000S-0020-00-0R
Lot Number20
Land UseResidential
Legal DescriptionWATERSCAPE PHASE 3A BLK S LOT 20
Census Tract040412
Assessed Land Value$110,000
Assessed Improvement Value$280,355
Assessment Year2025

About this property

Beautifully built by Highland Homes in 2023 and located in the highly sought-after Waterscape community, this stunning 4-bedroom, 2.5-bath home offers the perfect blend of modern style, comfort, and functionality. From the moment you step inside, you’ll appreciate the open-concept layout, Luxury Vinyl Plank flooring throughout the main living areas, and thoughtfully designed spaces ideal for both everyday living and entertaining. The heart of the home is the gorgeous chef’s kitchen, featuring upgraded cabinetry, stylish backsplash, gas cooktop, oversized island with seating, and abundant counter and storage space. The spacious living room is warm and inviting with a cozy gas fireplace, while the generous dining area creates the perfect setting for family meals and gatherings. The private primary suite offers a relaxing retreat with a spa-like ensuite bathroom designed for comfort and relaxation. Three additional bedrooms provide plenty of flexibility for guests, family, or a home office. Cozy carpet in the bedrooms adds warmth and comfort throughout the private living spaces. Step outside to enjoy the private backyard complete with a fire pit — perfect for relaxing evenings, entertaining friends, or enjoying Texas sunsets year-round. Living in Waterscape means enjoying an incredible lifestyle with resort-style amenities including multiple pools, scenic ponds, hiking and biking trails, playgrounds, parks, clubhouse, fitness areas, dog parks, and community events throughout the year — all with convenient access to schools, shopping, dining, and nearby highways for an easy commute.

Investor Tools

Property Icon
$391,000
Estimated Property Value
$200,000Estimated Mortgage Balance
$201,678Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

Interested in this property?

Jorge Avila

Keller Williams Rockwall

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,685
$390,355
2025
$110,000
$280,355
$390,355
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,685
$390,355

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highland Homeloans Llc
Conventional
$200,000
No
First
Jul 28, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,644
$200,711
51%
49%
$1,200/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: Royse City

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4020 Grotto Dr | Property Details | No Agent List