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B+
NoAgentList RatingHow are grades calculated? Info
Days51Days on Market
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$715,000

$740,000

421 H Wallace Ln, Rockwall, TX, 75032

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,114 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.61 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Parquet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size3.40 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces4

Land Information

APN3408-0000-0002-00-0R
Lot Number2
SubdivisionConover Addition
Land UseResidential
Legal DescriptionCONOVER ADDITION, LOT 2, ACRES 3.4031
Census Tract040503
Assessed Land Value$425,388
Assessed Improvement Value$198,889
Assessment Year2025

About this property

Here is your chance to own acreage in Rockwall county that is zoned for Rockwall Heath ISD with no HOA! One story 4 bedroom 3 bath ranch style home on over 3 acres with ideal location, large shop with electric and attached oversized four car garage. Walk into the large foyer with formal dining and very generously sized living room. Graciously sized mantle on the fireplace, perfect for additional seating. Beautifully updated kitchen area with double ovens and farmhouse sink, lazy Susans and pull out drawers in pantry for amazing organization. Huge primary room with dual sinks, dual closets with separate tub and shower. Separate bedroom and bathroom is ideal for a mother in law suite with direct access to the kitchen and main areas. 2 additional large bedrooms share an updated bathroom. Storage throughout the home is impeccable. Small area directly from the backdoor is fenced in, perfect to bring your pups!

Investor Tools

Property Icon
$740,000
Estimated Property Value
$335,000Estimated Mortgage Balance
$441,770Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,440 /month
Positive
Cash Flow Estimate:
$1,480 /month

Interested in this property?

Cynthia McCauley

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$800/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,904
$624,277
2025
$425,388
$198,889
$624,277
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,904
$624,277

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prospect Bank
Conventional
$335,000
No
First
Nov 13, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,230
$638,770
68%
40%
$2,009/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,009/mo
+$1,001/mo
4.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Rockwall

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421 H Wallace Ln | Property Details | No Agent List