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$448,000

NAL Estimated Property Value

708 Forest Trce, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,212 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.46 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Double Oven, Vented Exhaust Fan, Washer
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size10,629 sqft

Building Information

Year Built2016
Stories1
Roof Type127
Garage Spaces2

Land Information

APN3940-000D-0003-00-0R
Lot Number3
SubdivisionHighridge Est
Land UseResidential
Legal DescriptionHIGHRIDGE EST, BLOCK D, LOT 3
Census Tract040303
Assessed Land Value$180,000
Assessed Improvement Value$268,000
Assessment Year2025

About this property

Just a short walk to Downtown Rockwall, this beautifully updated brick home offers rare Lake Ray Hubbard views and an exceptional location minutes from the water, historic downtown, and The Harbor. A grand circle driveway delivers impressive curb appeal and ample guest parking, while easy access to shopping, dining, entertainment, and lakeside recreation makes everyday living effortless. Inside, fresh paint, upgraded flooring, and a spacious living room with a charming brick wood-burning fireplace set a warm tone. A versatile front room works perfectly as a formal dining room, private study, or additional living area. The sunroom adds approximately 270 sq ft of bonus space—not reflected in tax records—ideal for a game room, home office, or second lounge. Peaceful lake views are enjoyed from the kitchen, living room, primary suite, and backyard. The updated patio offers a shaded retreat to relax through the Texas heat while taking in breathtaking sunset views over Lake Ray Hubbard. The luxurious primary suite serves as a spacious retreat with an oversized bedroom, sitting area, granite countertops, and a walk-in shower. The spacious second en-suite-in-law suite features an updated private bathroom—perfect for multigenerational living or long-term guests. Two additional bedrooms share an updated Jack-and-Jill bathroom, keeping comfort and functionality throughout. Combining high-end updates, flexible living spaces, scenic lake views, and an unbeatable location, this move-in-ready home is a rare opportunity to enjoy the best of Rockwall living. Recent upgrades include HVAC and furnace replaced in 2025 and water heater replaced in 2021.

Investor Tools

Property Icon
$448,000
Estimated Property Value
$304,071Estimated Mortgage Balance
$144,526Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,688 /month
Positive
Cash Flow Estimate:
$896 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$690/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,038
$448,000
2025
$180,000
$268,000
$448,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,038
$448,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$337,500
No
First
May 27, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,071
$143,929
32%
68%
$2,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,024/mo
+$986/mo
8.1%

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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708 Forest Trce | Property Details | No Agent List