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Rockwall 75087 Northshore
301 Shepards Hill Drive
$339,000
● House - Off Market

301 Shepards Hill Drive

Rockwall, TX 75087
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,857 Ft²
$1,665
Est. Monthly

About This Property

This inviting 3-bedroom, 2-bathroom home sits on a beautifully landscaped 0.31-acre corner lot, surrounded by mature trees that offer shade and tranquility. Nestled in the heart of Rockwall-just minutes from Lake Ray Hubbard-this home offers the perfect blend of comfort and convenience. Enjoy the warmth of a cozy fireplace, a spacious patio ideal for outdoor gatherings, and a charming covered porch to start your mornings with coffee in hand. With alleyway access, privacy and ease of entry are seamlessly combined. Situated in the desirable Northshore neighborhood, you're just moments from desireable schools, shopping, and dining. A true gem in a prime location!
Unit Size
1,857 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$183
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1983

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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: 2 years ago (NTREIS #20855273)

Price History

Date / Event Date Event Price
Aug 4, 2025 Sold
Premium
Sold
Jul 14, 2025 In contract -
In contract
Jul 11, 2025 Price Decreased $339,000
↓ $7K (2%)
Price Decreased
Jun 25, 2025 Price Decreased $346,000
↓ $7K (2%)
Price Decreased
Jun 9, 2025 Price Decreased $352,885
↓ $6K (1.7%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1988
  • 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: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 49
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,460
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 1,160
  • Total Building Area: 2,341
  • Gross Building Area: 2,366
  • Building Area: 1,857
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,857
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHSHORE #1
  • Land Acres: 0000000309
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: NORTHSHORE #1, BLOCK P, LOT 3

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040101

Zoning

  • Zoning: SF2

Geography

  • Assessors Map Reference: 283-L
  • Parcel: 20479
  • Block: P
  • Lot: 3
  • Municipality: ROCKWALL
  • Latitude: 32.9367
  • Longitude: -96.4635

    Address

  • Full Address: 301 Shepards Hill Dr
  • Address - House Number: 301
  • Address - Street Name: Shepards Hill
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Rockwall
  • Carrier Code: C001
  • 4-Digit Zip Code: 2850
  • Zip Code: 75087

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $413,616
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 385,917
  • High Value: 460,586
  • Low Value: 311,248

    Market Valuation

  • Market Total Value: $349,005
  • Market Land Value: $200,000
  • Market Improvement Value: $149,005

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,216

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2014
  • Current Sale Recording Date: Jul 15, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 20140000009767
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 Northshore

Stats & Trends

Median Asking:

$477,450

Sale Price/ft²

$199

Below Asking

0.02%

Average Days on Market

85

Average Home Size

2350 ft²

Average Home Age

35.8 years

Currently For Sale

5 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 709 Sherman Street, Rockwall, TX, 75087

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,458 ft²
709 Sherman Street, Rockwall, TX, 75087 Listing by Nancy Ellsworth
Unit for rent at 508 Rogers Way, Rockwall, TX, 75087

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,354 ft²
508 Rogers Way, Rockwall, TX, 75087 Listing by Marcie Florance

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Justin Holland, Regal, REALTORS
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20855273
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 301 Shepards Hill Drive built and last sold?
The property at 301 Shepards Hill Drive was built in 1983 and last sold on Jul 9, 2014 for $120,000.
How much is this home worth?
The estimated value of the home located at 301 Shepards Hill Drive is $0.
What are some comparable homes to 301 Shepards Hill Drive?
There are currently no comparable homes to 301 Shepards Hill Drive.
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