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$373,120

NAL Estimated Property Value

511 La Grange Dr, Fate, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,845 Sq Ft
price_per_sqft$189.65 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringVinyl

Exterior

Private PoolPrivate Pool
Lot Size12,327 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APNS5321-000B-0006-01-0R
Lot Number6
SubdivisionWoodcreek Phase 1-D3
Land UseResidential
Legal DescriptionWOODCREEK PHASE 1-D3, BLOCK B, LOT 6
Census Tract040407
Assessed Land Value$81,000
Assessed Improvement Value$292,120
Assessment Year2025

About this property

Multiple offers received! Highest and Best offers due Jan 18th at 5pm CST. All offers must be submitted with Buyer proof of funds or prequalification letter as appropriate and Seller’s Purchase Addendum. Seller offering 3% Buyer Closing Cost Incentive. Come and fall in love with this beautiful home in sought-after Woodcreek community in Fate, Rockwall ISD!! This 3-2-2 sits on over .25 acre! The living room features a beautiful tray ceiling and corner fireplace. Open floor plan with the bright kitchen with large island overlooking the living room. Stainless steel appliances. Formal dining and a breakfast room which leads to a nice, covered patio overlooking the huge backyard! The primary bedroom features a spacious bathroom with dual sinks, separate shower & a large walk-in closet with off-season storage. The secondary bedrooms are split and both have a walk-in closet. Luxury vinyl plank flooring throughout. Don't miss out on this incredible opportunity to make this your home.

Investor Tools

Property Icon
$373,120
Estimated Property Value
$281,286Estimated Mortgage Balance
$91,834Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,239 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$674/month
$282/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,228
$373,120
2025
$81,000
$292,120
$373,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,228
$373,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mega Capital Funding Inc
Conventional
$293,200
No
First
Feb 21, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,286
$91,834
24%
75%
$1,758/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,040/mo
+$270/mo
7.4%

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: Fate

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511 La Grange Dr | Property Details | No Agent List