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1941 Recioto Drive

1941 Recioto Drive, Rockwall, TX 75032
Sold Nov 18, 2020
$43,750,000
$100,000 by Texas Bank
Mortgage Due Dec 01, 2038
Local assessors in Rockwall, TX have categorized 1941 Recioto Drive as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 11,931 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1941 Recioto Drive has a total of 2,283 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 441 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a gable or hip style roof that was made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Nov 12, 2020 for $43,750,000. That's $16,060.94 per sqft. 1941 Recioto Drive was last assessed in 2023. The total value of the property was assessed at $482,608. Specifically, the land the property is located on was valued at $140,000. While improvements on the property were assessed at a total of $342,608. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,717. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction

Exterior

Brick Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 441
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,931
  • Total Building Area: 2,724
  • Gross Building Area: 2,868
  • Building Area: 2,283
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,283
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SONOMA VERDE PHASE 2
  • Land Acres: 0.274
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SONOMA VERDE PHASE 2, BLOCK N, LOT 70

Ownership

  • Current Owner : HIGHLAND HOMES DALLAS LLC
  • Previous Owner : LAND SOLUTIONS SV LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040509

Geography

  • Subdivision Phase Number: 2
  • Subdivision Tract Number: 70
  • Parcel: 101443
  • Block: N
  • Lot: 70
  • Municipality: MCLENDON CHISHOLM
  • Latitude: 32.856
  • Longitude: -96.3637

    Address

  • Full Address: 1941 Recioto Dr
  • Address - House Number: 1941
  • Address - Street Name: Recioto
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Rockwall
  • Carrier Code: R034
  • 4-Digit Zip Code: 0123
  • Zip Code: 75032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,717
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 523,440
  • High Value: 624,718
  • Low Value: 422,162

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: TEXAS BANK
  • First Open Lien Mortgage Recording Date: Nov 29, 2023
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2038

    Market Valuation

  • Market Total Value: $482,608
  • Market Land Value: $140,000
  • Market Improvement Value: $342,608

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $482,608
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $342,608

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 18, 2020
  • Current Sale Transaction ID: 11802309617
  • Current Sale Price: $43,750,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20200000028086

    Last Sale Mortgage

  • First Mortgage Lender: BBVA USA
  • First Mortgage Transaction Date: Nov 18, 2020
  • First Mortgage Loan Amount: $35,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Rockwall



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Frequently Asked Questions

What neighborhood is 1941 Recioto Drive located in?
The 1941 Recioto Drive is a house located in the neighborhood of South Rockwall in Rockwall, Rockwall.
What is the average sales price for listings in 1941 Recioto Drive?
The average sales price for units in 1941 Recioto Drive is $0 currently.

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