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$599,000

508 Sherman St, Rockwall, TX, 75087

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size6,011 sqft

Land Information

APN3140-114C-0000-00-0R
Lot Number24
SubdivisionB F Boydston
Land UseResidential
Legal DescriptionB F BOYDSTON, BLOCK 114C (AKA BISHOPS II PT LOT 24)
Census Tract040305
Assessed Land Value$160,950
Assessment Year2025

About this property

RARE OPPORTUNITY Near Downtown Rockwall – Build Your Dream Home! If you've ever imagined building a custom home in Rockwall, now is your chance! This prime lot is located just a short walk from the charming downtown Rockwall Square, offering easy access to fine dining, boutique shopping, and local attractions. With NO HOA, the possibilities for this property are limitless—whether you’re looking to create a peaceful retreat or a lively, family-friendly home.

Investor Tools

Property Icon
$599,000
Estimated Property Value
$0Estimated Mortgage Balance
$599,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,491
$160,950
2025
$160,950
N/A
$160,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,491
$160,950

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$599,000
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: Rockwall

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508 Sherman St | Property Details | No Agent List