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$484,000

682 Cannon Drive, Fate, TX, 75087

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,415 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.41 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Wine Cooler

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Storage
Lot Size8,451 sqft

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APN5326-000O-0040-00-0R
Lot Number40
SubdivisionWoodcreek Phase 3-C
Land UseResidential
Legal DescriptionWOODCREEK PHASE 3-C, BLOCK O, LOT 40
Census Tract040406
Assessed Land Value$105,800
Assessed Improvement Value$297,453
Assessment Year2025

About this property

Welcome to this beautifully maintained and extensively upgraded one-story home, offering 2,415 square feet of refined living space, thoughtfully designed for comfort, functionality and style. Rockwall ISD! Built in 2008 and tastefully modernized, this 3 or 4 bedroom flex plan , 2.5-bathroom home features office or bedroom with custom built-ins, formal dining room and a cozy breakfast nook. The heart of the home is the chef-inspired kitchen, boasting stainless steel appliances, a gas cooktop, wine fridge and a large island with breakfast bar seating-all seamlessly opening to a spacious living room adorned with a striking brick and stone fireplace and views of the serene backyard. The private primary suite offers direct backyard access, a luxurious ensuite bath with walk-in shower, soaking tub, dual vanities and a custom oversized walk-in closet. Two secondary bedrooms share a well-appointed full bath, while the powder room adds convenience for guests. Designer touches elevate every corner-from exposed brick accents and rich wood flooring throughout to upscale lighting and stylish modern fixtures. The bathrooms feature unique pops of character, blending charm with high-end finishes. Step outside to your backyard retreat, complete with a covered patio, built-in grill, sparkling pool and spa, ample green space and meticulously maintained landscaping-perfect for entertaining or unwinding in peace. Additional highlights include an oversized 2-car front-facing garage with epoxy flooring, a utility room with built-in shelving and a layout that blends elegance with everyday ease. Nestled just a few blocks from the local elementary school, this home is also part of a vibrant neighborhood offering community pools, a pond, playgrounds and parks. Enjoy being just minutes from trendy downtown Fate, where charming eateries, coffee shops and local boutiques create a lively small-town atmosphere.

Investor Tools

$381,094Estimated Mortgage Balance
$107,906Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$753/month
$720/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,588
$403,253
2025
$105,800
$297,453
$403,253
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,588
$403,253

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$386,750
No
First
Jul 16, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,094
$107,906
22%
78%
$2,319/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,039/mo
$-29/mo
7.4%

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: Fate

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682 Cannon Drive | Property Details | No Agent List