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$469,000

580 Kara Dr, Fate, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,901 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.67 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,015 sqft

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APNS5358-000B-0063-00-0R
Lot Number63
SubdivisionWoodcreek Ph 1-D4
Land UseResidential
Legal DescriptionWOODCREEK PH 1-D4, BLOCK B, LOT 63
Census Tract040407
Assessed Land Value$81,000
Assessed Improvement Value$386,917
Assessment Year2025

About this property

This exquisite Megatel home, in ROCKWALL ISD, is nestled on a large lot that backs and sides to serene open space, granting tranquil countryside views with the most glorious sunsets. The lot positioning gives the illusion of living on acreage without the added maintenance. The innovative design features a flowing floor plan with all bedrooms thoughtfully positioned on the main level, while an upstairs game room with a full bath offers versatile space. Wood-look ceramic plank flooring extends from the welcoming foyer into the common areas. The elegant formal dining could also be used as a sitting room. Enhance your culinary experience in a kitchen adorned with quartz countertops, stainless appliances including a gas cooktop, butler's pantry, huge island, walk-in pantry and sunny breakfast nook with a window seat. A flip of a switch brings to life the direct vent gas log fireplace which is the focal point of the warm and inviting family room. The primary retreat showcases a bowed sitting area and spa-like bath boasting dual sinks, linen closet, oversized shower with a bench seat, jetted tub and spacious walk-in closet. The secondary bedrooms are generously sized and share a nicely appointed bathroom. The location and high ceiling of the 4th bedroom make it ideal for use as a home office or gym. Relax on the charming front porch or entertain on the covered back patio, complete with a gas stub for grilling. Other amenities include extensive use of crown, quartz counters throughout, mosaic accent tile, neutral paint, oversized garage, tankless water heater, laundry room with convenient storage cabinets and so much more! Woodcreek is a master planned community offering community pools, splash pad, clubhouse with fitness center and entertaining areas, playgrounds, dog park, catch and release fishing, trails and greenbelts. Conveniently located near shopping, restaurants, major highways and schools. Stevenson Elementary (Rockwall ISD) is just a short walk away.

Investor Tools

Property Icon
$467,917
Estimated Property Value
$369,000Estimated Mortgage Balance
$105,968Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,814 /month
Positive
Cash Flow Estimate:
$938 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$941/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,958
$467,917
2025
$81,000
$386,917
$467,917
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,958
$467,917

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Conventional
$369,000
No
First
Apr 4, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,949
$105,968
22%
77%
$2,213/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,573/mo
+$437/mo
7.7%

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.

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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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580 Kara Dr | Property Details | No Agent List