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$650,538

NAL Estimated Property Value

508 Norbury Dr, Rockwall, TX, 75032

$744,020 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,908 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$232.12 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Double Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringLaminate

Exterior

Lot Size1.50 acres

Building Information

Year Built2021
Garage Spaces3

Land Information

APNS5239-000A-0035-00-0R
Lot Number35
SubdivisionWellington Manor Phase Two
Land UseResidential
Legal DescriptionWELLINGTON MANOR PHASE TWO, BLOCK A, LOT 35
Census Tract040508
Assessed Land Value$84,042
Assessed Improvement Value$566,496
Assessment Year2025

About this property

This exceptional property offers four spacious bedrooms and four bathrooms, providing ample space for you and your family to enjoy. Nestled on a generous 1.5-acre lot, this home provides plenty of room for outdoor activities and relaxation. Inside the home, you'll find a perfect blend of elegance and functionality. The spacious bedrooms provide ample space for rest and relaxation, while the luxurious bathrooms offer a spa-like experience. Every detail has been carefully considered to create a comfortable and inviting living space for you and your loved ones. One of the many highlights of this home is its location within a highly acclaimed Rockwall ISD. Not only does this home offer a great school district, but it also boasts low property taxes. The country setting offers a peaceful retreat from the hustle and bustle of city life. Experience the joy of country living while still being within reach of all the amenities you need. This home is truly a dream come true!

Investor Tools

Property Icon
$650,538
Estimated Property Value
$295,166Estimated Mortgage Balance
$355,372Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$744,019
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$828/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,681
$650,538
2025
$84,042
$566,496
$650,538
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,681
$650,538

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$300,000
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,166
$355,372
54%
45%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,499/mo
$-189/mo
4.3%

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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508 Norbury Dr | Property Details | No Agent List