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$420,000

949 Mangrove Dr, Fate, TX, 75087

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,333 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.03 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size6,970 sqft

Building Information

Year Built2017
Stories1
Garage Spaces3

Land Information

APNS5354-000A-0025-00-0R 02
Lot Number25
SubdivisionWoodcreek Ph 2-D1
Land UseResidential Sfr Non-Waterfront
Legal DescriptionWOODCREEK PH 2-D1, BLOCK A, LOT 25 - UDI: 50.000000%
Census Tract040406
Assessed Land Value$46,750
Assessed Improvement Value$173,140
Assessment Year2025

About this property

Welcome to this beautifully maintained 1½-story limestone-and-brick home offered by original owner in Fate’s Woodcreek community. Featuring 4 bedrooms, 3 full bathrooms, a 3-car garage, and an open-concept living area, this home offers flexible spaces for work, relaxation, and entertaining. The main level includes a dedicated office with double doors. The open kitchen, dining, and living areas create a welcoming gathering space. All three downstairs bedrooms feature new laminate flooring, while the entire upstairs has new carpeting. The unique upstairs retreat includes a separate living area, built-in workspace, bedroom, and private bathroom. This versatile space can serve as an office, guest area, hobby room, game room, or additional living space. Recent improvements include a new dishwasher, driveway, added gutters, freshly stained privacy fencing, updated flowerbeds with rubber mulch, Gemstone exterior lighting, and an extended back patio. Home includes an alarm system with doorbell video (proprietary). Enjoy the inviting front porch and beautifully landscaped backyard with a flagstone area and gazebo. The spacious yard offers room for a greenhouse, pool, play area, fire pit, or garden. An HOA-maintained brick wall borders the rear, with privacy fencing on both sides. The home conveys with all appliances, including the washer and dryer, mounted televisions, and a transferable LIFETIME foundation warranty offering peace of mind. Woodcreek amenities include three pools, playgrounds, walking trails, greenbelt, a stocked pond, clubhouse facilities, and fitness centers. Elementary and middle schools are within walking distance and a city park with splash pad, pickleball courts, basketball, tennis, disc golf and nearby I-30, and Rockwall-area shopping and dining, including H-E-B, Fresh, IKEA, and Kroger. With thoughtful updates, a flexible floor plan, spacious backyard, and desirable amenities, this move-in-ready home is ready for its next owner.

Investor Tools

$0Estimated Mortgage Balance
$371,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

Interested in this property?

Delleez Dennis

Central Metro Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
$399/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,495
$219,890
2025
$46,750
$173,140
$219,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,495
$219,890

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$366,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$399/mo
+$1,911/mo
7.5%

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: Fate

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949 Mangrove Dr | Property Details | No Agent List