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Rockwall 75087 The Shores
1990 Ridge Crest Place
$450,000
● House - Off Market

1990 Ridge Crest Place

Rockwall, TX 75087
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,370 Ft²
$446,021
RealtyHop Estimate
-0.66%
Since Nov 1, 2023
TX-Dallas
Primary Model

About This Property

Situated on a corner lot with established trees, you'll fall in love with this single story custom home the moment you arrive.  Features include plantation shutters throughout most of the home, an abundance of natural light, vaulted ceilings, fireplace with gas logs, and very spacious rooms.  A well equipped kitchen is efficiently designed with ample storage, double ovens, updated countertops, and a farmhouse sink.  Updates in 2021 include new HVAC system, Luxury Vinyl Flooring, bathrooms were remodeled, kitchen was remodeled, new fans, new light fixtures, and fresh paint.  Updates in 2023 include outdoor deck and an above ground pool for a refreshing break from the heat.  No MUD, no PID, Voluntary HOA.  Don't miss this incredible opportunity to own a beautiful home at an affordable price.
Unit Size
2,370 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$189
Property Type
House
Property Taxes
$549
HOA Dues
$5
Year Built
1986

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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 #20412572)

Price History

Date / Event Date Event Price
Oct 6, 2023 Sold
Premium
Sold
Aug 25, 2023 Listed by Coldwell Banker Apex, REALTORS $449,000
Listed by Coldwell Banker Apex, REALTORS

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 534
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,896
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,070
  • Total Building Area: 2,874
  • Gross Building Area: 3,069
  • Building Area: 2,340
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE SHORES
  • Land Acres: 0000000319
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: THE SHORES, BLOCK N, LOT 1

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040103

Zoning

  • Zoning: PD3

Geography

  • Assessors Map Reference: 283-B
  • Subdivision Tract Number: 1
  • Parcel: 22391
  • Block: N
  • Lot: 1
  • Municipality: ROCKWALL
  • Latitude: 32.9566
  • Longitude: -96.4693

    Address

  • Full Address: 1990 Ridge Crest Pl
  • Address - House Number: 1990
  • Address - Street Name: Ridge Crest
  • Address - Suffix Type: Pl
  • State: TX
  • City Name: Rockwall
  • Carrier Code: R019
  • 4-Digit Zip Code: 3112
  • Zip Code: 75087

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $606,691
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.2056
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 473,941
  • High Value: 571,387
  • Low Value: 376,496

    Market Valuation

  • Market Total Value: $387,552
  • Market Land Value: $168,750
  • Market Improvement Value: $218,802

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $387,552
  • Assessed Land Value: $168,750
  • Assessed Improvements Value: $218,802

    Sales

  • Current Sale Contract Date: Oct 06, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16920
  • Previous Sale Recording Date: May 17, 2021
  • Previous Sale Contract Date: May 13, 2021
  • Previous Sale Amount: $345,300
  • Previous Sale Document Type: 70
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 The Shores

Stats & Trends

Median Asking:

$477,450

Sale Price/ft²

$179

Below Asking

0.03%

Average Days on Market

65

Average Home Size

3076 ft²

Average Home Age

27.1 years

Currently For Sale

14 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 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
Unit for rent at 2120 Crestlake Drive, Rockwall, TX, 75087

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 2,033 ft²
2120 Crestlake Drive, Rockwall, TX, 75087 Listing by Rosa Collins

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Becky Bochniak, Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20412572
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1990 Ridge Crest Place built and last sold?
The property at 1990 Ridge Crest Place was built in 1986 and last sold on Oct 6, 2023 for $568,575.
How much is this home worth?
The estimated value of the home located at 1990 Ridge Crest Place is $0.
What are some comparable homes to 1990 Ridge Crest Place?
There are currently no comparable homes to 1990 Ridge Crest Place.
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