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$512,067

NAL Estimated Property Value

709 Monterey Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,547 Sq Ft
price_per_sqft$140.4 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size10,629 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN4292-000Y-0007-00-0R
Lot Number7
SubdivisionLakeview Summit Phase 2
Land UseResidential
Legal DescriptionLAKEVIEW SUMMIT PHASE 2, BLOCK Y, LOT 7
Census Tract040101
Assessed Land Value$148,500
Assessed Improvement Value$363,567
Assessment Year2025

About this property

Wonderful large 2 story family home in highly sought after area of Lakeview Summit.4 bdrm, 3 FULL baths, 1 half bath with 4 living spaces. This is a Rare opportunity to purchase from original owners. Large kitchen with approx 40 ft of counter space, that opens to family room with wall of windows for natural light. Master downstairs is oversized with room for king bed and sitting area. Large master bath, jacuzzi tub, huge walk-in closet, separate vanities, 3bedrooms upstairs, 2 FULL baths upstairs a game room and loft space. New roof 2023 replaced item in past few yrs include, fence 2023, HVAC 2022, 2 water heaters 2021. 3 car garage with 27x 50 driveway, laundry has room for additional refrigerator or freezer. Community pool on same street and is within walking distance to school, and community park with butterfly garden. Shopping is just minutes away along with the beautiful lake. This wonderful home has been gently occupied by its loving owners and cared for with pride of ownership.

Investor Tools

Property Icon
$512,067
Estimated Property Value
$463,233Estimated Mortgage Balance
$48,834Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,072 /month
Positive
Cash Flow Estimate:
$1,024 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$902/month
$192/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,268
$512,067
2025
$148,500
$363,567
$512,067
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,268
$512,067

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Va
$468,000
Yes
First
Oct 24, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$463,233
$48,834
9%
90%
$2,806/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,998/mo
+$12/mo
7.1%

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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709 Monterey Dr | Property Details | No Agent List