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$1,450,000

5400 E Fm 552, Fate, TX, 75189

On MarketInfo
Just AddedInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available

Exterior

Lot Size17.24 acres

Building Information

Year Built1965
Garage Spaces8

Land Information

APN4140-000A-0001-00-0R
Lot Number1,5-6
SubdivisionLeisure Land
Land UseAgriculture / Farming
Legal DescriptionLEISURE LAND, BLOCK A, LOT 1,5,6A & PT OF 2, ACRES 17.238
Census Tract040403
Assessed Land Value$792,948
Assessed Improvement Value$131,571
Assessment Year2025

About this property

Discover 17.238 acres in rapidly growing Rockwall County, ideally situated less than half a mile from Highway 66 between Rockwall and Royse City. With excellent accessibility, generous acreage and continued growth throughout the surrounding area, this versatile property offers compelling potential for a sports complex, private estate, residential homesites or possible commercial development with the New Royse High School nearby. The property features a substantial 40' x 60' shop with two-story living quarters constructed in 2017. The residence includes a full kitchen, living and dining areas, three bedrooms, one full bathroom and abundant garage and storage space which could double as a future field house or office space. Outdoor amenities include upper- and lower-level porches, an above-ground pool with a partial deck, a firepit area, a fenced dog run and a peaceful pond surrounded by mature trees. A separate guest residence provides an additional living area, kitchenette, bedroom and full bathroom—ideal for extended family, guests, an office or temporary accommodations while building. Whether envisioned as a personal retreat, income-producing property, residential development site or future commercial opportunity, this unique acreage offers exceptional flexibility in Royse City ISD.

Investor Tools

$0Estimated Mortgage Balance
$924,519Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,700 /month
Positive
Cash Flow Estimate:
$2,900 /month

Interested in this property?

Corey Booth

Piper Creek Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,722
$924,519
2025
$792,948
$131,571
$924,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,722
$924,519

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$924,519
100%
0%
$0/mo

City: Fate

5400 E Fm 552 | Property Details | No Agent List