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$453,000

697 Cannon, Fate, TX, 75087

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,635 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.92 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,102 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APN5326-000P-0016-00-0R
Lot Number16
SubdivisionWoodcreek Phase 3-C
Land UseResidential
Legal DescriptionWOODCREEK PHASE 3-C, BLOCK P, LOT 16
Census Tract040406
Assessed Land Value$105,800
Assessed Improvement Value$333,113
Assessment Year2025

About this property

Enjoy the Fate lifestyle walking distance to the quaint downtown area & a few minutes' drive to Downtown Rockwall, Lake Ray Hubbard, restaurants, shopping & more! Enter & you'll immediately notice the grand foyer w art niches leading to study or dining w French doors, huge living room w corner wood burning fireplace open to large kitchen & nook big enough for large dining, downstairs half bath w pedestal sink, large utility room w granite counters & full size washer & dryer connections which leads to 2 car garage w high ceilings & built-in work bench, inviting oversized master suite, tranquil master bathroom w oversized shower, shower seat & garden tub & huge walk-in master closet. Upstairs you immediately walk into the game room leading to adjoining media room, 3 additional bedrooms, full bathrooms including Jack & Jill. Extend your living into the backyard w privacy & plenty of space to spread out across the huge, covered patio overlooking massive yard w room for large pool & spa.

Investor Tools

Property Icon
$438,913
Estimated Property Value
$0Estimated Mortgage Balance
$29,010Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$878/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,340
$438,913
2025
$105,800
$333,113
$438,913
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,340
$438,913

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Fha
$439,885
Yes
First
Sep 16, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$409,903
$29,010
6%
93%
$2,638/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,188/mo
$-178/mo
8.2%

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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