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$592,500

530 Fm 1138, Fate, TX, 75189

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,005 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$295.51 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCeramic Tile, Concrete, Wood

Exterior

Exterior FeaturesCourtyard, Lighting, Uncovered Courtyard
Lot Size4.75 acres

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APN4140-000C-0009-A0-0R
Lot Number9A
SubdivisionLeisure Land
Land UseResidential
Legal DescriptionLEISURE LAND, BLOCK C, LOT 9A, MH SERIAL # 13979A LABEL # PFS0522313, ACRES 4.750, PALM HARBOR
Census Tract040403
Assessed Land Value$237,500
Assessed Improvement Value$322,471
Assessment Year2025

About this property

Beautifully built and maintained, custom country home on just under 5 acres in Royse City ISD. Bright and open floorplan with tons of natural light and features including wood floors throughout most of the home, stained concrete, custom living room built-ins, and a split bedroom floorplan. Private master suite features a spa like master bath with a huge frameless glass walk-in shower, a master closet with custom shelving offering enough room to have workspace or storage, if needed. The gorgeous kitchen features an open concept perfect for entertaining family and friends. You will love and appreciate the quartz countertops, stainless steel appliances, the amount of storage space, custom cabinets, and the large walk-in pantry. Outside offers plenty of room to roam on acreage, plus room for a shop, a pool, or whatever else you may want to add in the future. Don't miss out on this beautiful home, it will go fast!

Investor Tools

Property Icon
$559,971
Estimated Property Value
$509,800Estimated Mortgage Balance
$78,216Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,555 /month
Positive
Cash Flow Estimate:
$1,185 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$990/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,078
$559,971
2025
$237,500
$322,471
$559,971
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,078
$559,971

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$509,800
No
First
May 26, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$481,755
$78,216
13%
86%
$3,057/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$3,057/mo
$-487/mo
5.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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530 Fm 1138 | Property Details | No Agent List