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$435,041

NAL Estimated Property Value

615 Community Ln, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,709 Sq Ft
price_per_sqft$248.39 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesSome Gas Appliances, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Plumbed For Gas, Tankless Water Heater
FlooringCarpet, Luxury Vinyl Plank, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,401 sqft

Building Information

Year Built2022
Stories1
Roof Type172
Garage Spaces2

Land Information

APNS5046-000A-0005-00-0R
Lot Number5
SubdivisionThe Standard-Rockwall Addition
Land UseResidential Sfr Non-Waterfront
Legal DescriptionTHE STANDARD-ROCKWALL ADDITION, BLOCK A, LOT 5
Census Tract040305
Assessed Land Value$90,000
Assessed Improvement Value$345,041
Assessment Year2025

About this property

Seeking the perfect home of distinction? Look no further than The Standard, a premier 55+ Community in Rockwall. Conveniently situated near Shopping and Dining, it offers meticulously designed floorplans with an inclusive monthly HOA covering lawn care. The Victory beckons, boasting a gourmet kitchen with quartz countertops, Stainless Appliances, a gas range, and ample cabinetry. The Living and Dining Room, graced with vigas, invites cherished gatherings. Retreat to the Master Suite, adorned with a trayed ceiling and bath with dual sinks and an oversized walk-in shower, and a spacious closet. Two more bedrooms, one ideal for a home office, await. A 2 Car Garage, Covered Patio, and refined Wrought Iron Fencing complete this elegant home. Discover a testament to quality and sophistication at The Standard, where life's chapters unfold in style. Come experience it for yourself.

Investor Tools

Property Icon
$435,041
Estimated Property Value
$0Estimated Mortgage Balance
$435,041Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
$936/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,160
$435,041
2025
$90,000
$345,041
$435,041
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,160
$435,041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$435,041
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$936/mo
+$1,374/mo
6.4%

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.

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: Rockwall

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615 Community Ln | Property Details | No Agent List