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$275,000

$280,000

515 Laurel Ln, Fate, TX, 75087

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,630 Sq Ft
price_per_sqft$168.71 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesElectric Cooktop, Electric Oven, Electric Range, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,621 sqft

Building Information

Year Built2007
Stories1
Garage Spaces1

Land Information

APN5154-000F-0018-00-0R
Lot Number18
SubdivisionSpring Meadows Ph 1
Land UseResidential
Legal DescriptionSPRING MEADOWS PH 1, BLOCK F, LOT 18
Census Tract040404
Assessed Land Value$109,740
Assessed Improvement Value$209,220
Assessment Year2025

About this property

Charming 3-bedroom, 2-bath home with thoughtful updates throughout. Updated flooring runs throughout the home, and many of the major systems have already been replaced, including the roof, water heater, and HVAC, all approximately 3-4 years old.The spacious kitchen features a large island, abundant cabinet storage, and plenty of countertop space. The living room is centered around a beautiful stone fireplace and offers an open layout with plenty of natural light. The primary suite features dual sinks, a walk-in shower, soaking tub, and a walk-in closet. Outside, the backyard includes a pergola-covered patio and storage shed, providing additional space for outdoor enjoyment and storage. just a short walk from historic Downtown Fate, you'll enjoy easy access to local coffee shops, restaurants, farmers markets, the popular Fate Station Market, and community events throughout the year. Just minutes from I-30, the location offers a convenient commute while still maintaining the charm of a small-town community. You're also only a short drive from Downtown Rockwall and The Harbor, providing even more dining, shopping, and entertainment options. With many of the major updates already taken care of and an unbeatable location, this home is ready for its next owner.

Investor Tools

$164,995Estimated Mortgage Balance
$154,601Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

Interested in this property?

Aline Gomez

LIV Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$465/month
$117/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,984
$318,960
2025
$109,740
$209,220
$318,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,984
$318,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$181,717
Yes
First
Aug 13, 2021
Jan 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,995
$153,965
48%
52%
$1,090/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,207/mo
+$1,103/mo
8.7%

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: Fate

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515 Laurel Ln | Property Details | No Agent List