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$490,000

645 Channel Ridge Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,757 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.73 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,714 sqft

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APN5189-000B-0004-00-0R
Lot Number4
SubdivisionTurtle Cove Ph 3
Land UseResidential
Legal DescriptionTURTLE COVE PH 3, BLOCK B, LOT 4, (REPLAT-2001)
Census Tract040303
Assessed Land Value$166,250
Assessed Improvement Value$346,619
Assessment Year2025

About this property

This stately move-in ready home, with impressive curb appeal, is nestled within a gated lakeside community. Recent updates include Pella windows, front and patio doors, sod, French drains, additional insulation, radiant barrier and gutter guards. The home features an abundance of natural light, neutral paint, hardwood flooring, graceful arches, high ceilings and tons of storage. A soaring 2-story Foyer with a showstopper chandelier welcomes your guests. Located off the entry, the versatile sitting room is ideal for use as a home office. A trio of small windows and crown molding define the formal dining room. The warm and inviting family room is the heart of the home with its gas-log fireplace. The well-equipped kitchen affords views of the other common areas, keeping you connected to family and guests as you whip up culinary delights on the gas cooktop. The sunny breakfast nook has a cozy window seat and can accommodate a large table. Split for privacy, the primary retreat boasts a tranquil sitting area and ensuite bath with dual sinks, soaking tub, frameless glass enclosed shower and walk-in closet. There's also a home management center with built-in cabinetry and desk, large laundry room with upper cabinet storage and convenient powder bath. The enormous upstairs game room has an iron railing overlooking the foyer and walk-in attic access. The secondary bedrooms are generously sized and share a nice bath. The terraced backyard, refreshed with lush sod and extended flagstone patio, wraps around to the side providing ample space to enjoy outdoor entertaining. The 3-car garage contains a cabinets, shelving, workbench and pegboards. Its enclosed 3rd bay has been converted into a Man Cave! Turtle Cove offers a clubhouse, pool and tennis-pickleball courts. HOA dues cover front yard maintenance (mow, edge, blow). Conveniently located near the Harbor District, historic downtown Rockwall, Lake Ray Hubbard, major highways, shopping, restaurants, schools and hospitals.

Investor Tools

Property Icon
$512,869
Estimated Property Value
$403,750Estimated Mortgage Balance
$146,273Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,077 /month
Positive
Cash Flow Estimate:
$1,026 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$770/month
$669/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,671
$512,869
2025
$166,250
$346,619
$512,869
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,671
$512,869

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$403,750
No
First
Sep 21, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$367,299
$145,570
28%
72%
$2,421/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,090/mo
$-80/mo
7.0%

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: Rockwall

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645 Channel Ridge Dr | Property Details | No Agent List