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Rockwall 75087 Quail Run Valley
1484 Memorial Drive
$439,900
● House - Off Market

1484 Memorial Drive

Rockwall, TX 75087
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,183 Ft²
$438,264
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Updated property that has a new build feel. Tucked into this beautiful Rockwall neighborhood, this amazing home is ready for new owners. Buyers will love the floorplan with open concept living to kitchen, separate dining room and 2nd living area, that could also be a great home office, and split primary bedroom. Refinished wood floors, updated designer lighting, fresh neutral paint throughout, new hardware, and more. Kitchen is ready for entertaining with large breakfast bar, SS appliances, plenty of cabinet space, two pantries, and breakfast nook! Large primary bedroom has amazing en suite with double sinks, large windows overlooking back yard, soaking tub, and a HUGE WIC. Seller has installed a new fence enclosing a good size backyard with endless opportunities.
Unit Size
2,183 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$202
Property Type
House
Property Taxes
$571
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20416035)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Aug 24, 2023 Listed by The Agency Collective LLC $439,900
Listed by The Agency Collective LLC

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,512
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 760
  • Total Building Area: 2,582
  • Gross Building Area: 2,606
  • Building Area: 2,183
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,183
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUAIL RUN VALLEY NO 2
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: QUAIL RUN VALLEY NO 2, BLOCK F, LOT 10

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040202

Geography

  • Assessors Map Reference: 283-H
  • Subdivision Tract Number: 10
  • Parcel: 57313
  • Block: F
  • Lot: 10
  • Municipality: ROCKWALL
  • Latitude: 32.9502
  • Longitude: -96.4549

    Address

  • Full Address: 1484 Memorial Dr
  • Address - House Number: 1484
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Rockwall
  • Carrier Code: R035
  • 4-Digit Zip Code: 7366
  • Zip Code: 75087

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $702,819
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 427,803
  • High Value: 500,361
  • Low Value: 355,245

    Market Valuation

  • Market Total Value: $448,958
  • Market Land Value: $182,000
  • Market Improvement Value: $266,958

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $448,958
  • Assessed Land Value: $182,000
  • Assessed Improvements Value: $266,958

    Sales

  • Current Sale Contract Date: Sep 14, 2005
  • Current Sale Recording Date: Sep 19, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 00337598
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Quail Run Valley

Stats & Trends

Median Asking:

$414,450

Sale Price/ft²

$177

Below Asking

0.02%

Average Days on Market

39

Average Home Size

2450 ft²

Average Home Age

21.7 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 505 Whittle Way, Rockwall, TX, 75087

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,439 ft²
505 Whittle Way, Rockwall, TX, 75087 Listing by Geoffrey Lyons
Unit for rent at 307 Wildwood Lane, Rockwall, TX, 75087

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,740 ft²
307 Wildwood Lane, Rockwall, TX, 75087 Listing by Austin Entrop

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lindsay Haroon, The Agency Collective LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20416035
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1484 Memorial Drive built and last sold?
The property at 1484 Memorial Drive was built in 2005 and last sold on Sep 14, 2005 for $161,600.
How much is this home worth?
The estimated value of the home located at 1484 Memorial Drive is $0.
What are some comparable homes to 1484 Memorial Drive?
There are currently no comparable homes to 1484 Memorial Drive.
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