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405 Chaps Drive

405 Chaps Drive, Rockwall, TX 75032
House in Las Lomas
Sold Jan 06, 2020
$661,500
$529,200 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2050
Sold Sep 19, 2014
$700,600
$560,500 by Compass Bank
Mortgage Due Oct 01, 2044
405 Chaps Drive in Rockwall, TX was first built in 1996 and is 28 years old. Although, the building on the property was most recently renovated and altered in 2006. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 405 Chaps Drive has 4,879 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,750 ft and the linear feet between the front and back of the lot is 2,570. In total, the area measurement of the land is 44,976 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 758 sqft. There are a total of 3 available parking spaces. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 405 Chaps Drive sold most recently in Dec 30, 2019 for a total of $661,500. If you work out the math, that's approximately a cost of $117.35 per sqft. Before that, the property was also sold for $700,600 in Sep 19, 2014. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $13,155 in taxes each year. 405 Chaps Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $836,469. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Stone Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 758
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 44,976
  • Lot Size Depth Feet: 2,570
  • Lot Size Frontage Feet: 1,750
  • Total Building Area: 5,637
  • Gross Building Area: 6,119
  • Building Area: 4,879
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,879
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAS LOMAS
  • Land Acres: 1.033
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAS LOMAS, BLOCK C, LOT 2

Ownership

  • Current Owner : MCPHERSON RICHARD
  • Current Owner 2: MCPHERSON LAUREN B
  • Previous Owner : WILLIAMSON JACE W
  • Previous Owner 2: WILLIAMSON DANA
  • Owner Before Previous Owner: WALTON CHARLES M
  • Owner Before Previous Owner 2: WALTON ANN G
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040507

Geography

  • Assessors Map Reference: 323-B
  • Subdivision Tract Number: 2
  • Parcel: 45491
  • Block: C
  • Lot: 2
  • Municipality: HEATH
  • Latitude: 32.8564
  • Longitude: -96.4691

    Address

  • Full Address: 405 Chaps Dr
  • Address - House Number: 405
  • Address - Street Name: Chaps
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Rockwall
  • Carrier Code: R028
  • 4-Digit Zip Code: 2003
  • Zip Code: 75032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,155
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 990,795
  • High Value: 1,184,306
  • Low Value: 797,285

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $529,200
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 06, 2020
  • First Open Lien Mortgage Loan Amount: $529,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Market Valuation

  • Market Total Value: $950,000
  • Market Land Value: $300,000
  • Market Improvement Value: $650,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $836,469

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 30, 2019
  • Current Sale Recording Date: Jan 06, 2020
  • Current Sale Transaction ID: 11714210889
  • Current Sale Price: $661,500
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 20200000000240
  • Previous Sale Recording Date: Sep 19, 2014
  • Previous Sale Contract Date: Sep 19, 2014
  • Previous Sale Amount: $700,600
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jan 06, 2020
  • First Mortgage Loan Amount: $529,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: COMPASS BANK
  • Previous Mortgage Transaction Date: Sep 19, 2014
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $560,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Oct 01, 2044

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Frequently Asked Questions

What neighborhood is 405 Chaps Drive located in?
The 405 Chaps Drive is a house located in the neighborhood of Las Lomas in Las Lomas, Rockwall.
What is the average sales price for listings in 405 Chaps Drive?
The average sales price for units in 405 Chaps Drive is $0 currently.

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