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$468,000

NAL Estimated Property Value

706 Forest Trace, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,965 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.03 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Electric Oven
FlooringCarpet, Linoleum, Tile

Exterior

Lot Size10,803 sqft

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN3940-000D-0002-00-0R
Lot Number2
SubdivisionHighridge Est
Land UseResidential
Legal DescriptionHIGHRIDGE EST, BLOCK D, LOT 2
Census Tract040303
Assessed Land Value$180,000
Assessed Improvement Value$205,694
Assessment Year2025

About this property

Nestled in the heart of Rockwall, where community meets convenience, lies 706 Forest Trce, a very well cared for and charming home that beckons with warmth and possibility. The property's central location ensures easy access to the best that Rockwall has to offer. Just moments away, Lake Ray Hubbard beckons with its tranquil waters, scenic views, and recreational and dining opportunities. Downtown Rockwall is close by, with its charming array of dining options and boutique shops. Step inside this almost 3000 sq ft, 4 Bed 3 Full Bath home and you'll find a spacious interior, most of which is newly painted, that is ready to be transformed into your dream home. Each room offers ample space for personalization. Envision having your morning coffee in the large sunroom. The neighborhood surrounding 706 Forest Trce is highly sought-after, known for its sense of community and friendly atmosphere. - NEW WINDOWS & TONS of STORAGE throughout.

Investor Tools

Property Icon
$468,000
Estimated Property Value
$303,208Estimated Mortgage Balance
$164,792Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,808 /month
Positive
Cash Flow Estimate:
$936 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$287/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,109
$385,694
2025
$180,000
$205,694
$385,694
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,109
$385,694

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$313,500
No
First
Jul 2, 2024
Aug 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,208
$164,792
35%
65%
$1,880/mo

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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706 Forest Trace | Property Details | No Agent List