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$494,330

661 Channel Ridge Dr, Rockwall, TX, 75087

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,667 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.35 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesGas Cooktop, Microwave, Convection Oven, Wine Cooler
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,882 sqft

Building Information

Year Built2001
Stories1
Garage Spaces4

Land Information

APN5189-000A-0018-00-0R
Lot Number18
SubdivisionTurtle Cove Ph 3
Land UseResidential
Legal DescriptionTURTLE COVE PH 3, BLOCK A, LOT 18, (REPLAT-2001)
Census Tract040303
Assessed Land Value$166,250
Assessed Improvement Value$339,181
Assessment Year2025

About this property

Live beautifully near Lake Ray Hubbard in Turtle Cove, a gated Rockwall community designed for effortless everyday living. Set on a rare interior corner lot, this light-filled home pairs an open, easy-flow floor plan with flexible spaces, distinctive architectural character and exceptional storage. Custom shutters and easy-care tile extend throughout the main living areas, while a dramatic two-story stone fireplace creates a striking focal point. French doors open to a dedicated home office wrapped in floor-to-ceiling solid oak built-in shelves and cabinetry, delivering a polished work-from-home space with lasting craftsmanship. Upstairs, a full bath, expansive walk-out attic and versatile bonus room offer remarkable flexibility for guests, a fourth bedroom, creative studio, fitness space or seasonal and bulk storage. The epic-sized outdoor living patio is ready for every rhythm of the day, from covered morning coffee and long farm-table dinners to shaded lounging, grilling and game-day gatherings. A rare three-car garage adds even more possibility; its climate-controlled single bay with 10-foot ceilings, shelving and a private yard entrance is ideal for a workshop, hobby space, lake gear, boat or jet skis. The wraparound backyard provides room to entertain, garden and play. Turtle Cove residents enjoy a recently renovated clubhouse with catering kitchen, tennis and pickleball courts, neighborhood trails and a community overlook for Lake Ray Hubbard sunsets. Close to The Harbor, downtown Rockwall, dining, shopping and I-30, this home offers gated lake-area living with space for work, play and weekends on the water—without the upkeep of waterfront property.

Investor Tools

$143,744Estimated Mortgage Balance
$361,687Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,033 /month
Positive
Cash Flow Estimate:
$1,011 /month

Interested in this property?

Bess Dickson

Briggs Freeman Sotheby's Int'l

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$774/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,765
$505,431
2025
$166,250
$339,181
$505,431
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,765
$505,431

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thomas John Oglin
Seller Carryback / Seller Financing / Seller Take-Back
$144,160
No
First
Apr 29, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,744
$361,687
71%
28%
$865/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,415/mo
+$895/mo
5.5%

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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661 Channel Ridge Dr | Property Details | No Agent List