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Heath 75032 Cove Ridge Estates
505 Knoll Crest Trail
$402,000
● House - Off Market

505 Knoll Crest Trail

Heath, TX 75032
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,111 Ft²
$413,505
RealtyHop Estimate
10.27%
Since Dec 1, 2021
TX-Dallas
Primary Model

About This Property

This beautiful home is located in one of the most desirable neighborhoods in Heath.  Breathtaking lakeviews of Lake Ray Hubbard can be seen from this oversized lot. As you enter this home you will find a thoughtful style and elegance throughout.  A wood burning fireplace is at the center of the family room and a quaint dining room is located next to the kitchen. 4 spacious bedrooms and 2.5 bathrooms allow for plenty of room for your family.  Upstairs you can enjoy the open gameroom area or sit on the balcony during evening sunsets. The 3 car garage with a side entry and long driveway are an added benefit. A sunroom and covered rear patio are also of note in this gem of a home.
Unit Size
2,111 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$178
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1990

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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 #14678886)

Price History

Date / Event Date Event Price
Nov 10, 2021 Sold
Premium
Sold
Sep 27, 2021 Listed by Exalt Realty $375,000
Listed by Exalt Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1998
  • 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: 720
  • Parking Space Count: 3
  • Patio Type: 5
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,176
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 490
  • Total Building Area: 2,831
  • Gross Building Area: 2,936
  • Building Area: 2,111
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 2,111
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COVERIDGE
  • Land Acres: 0000000555
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: COVERIDGE, BLOCK A1, LOT 14 & PT 15

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040510

Geography

  • Assessors Map Reference: 322-D
  • Subdivision Tract Number: 14 & PT 15
  • Parcel: 15866
  • Block: A1
  • Lot: 14
  • Municipality: HEATH
  • Latitude: 32.8568
  • Longitude: -96.4866

    Address

  • Full Address: 505 Knoll Crest Trl
  • Address - House Number: 505
  • Address - Street Name: Knoll Crest
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Rockwall
  • Carrier Code: R004
  • 4-Digit Zip Code: 7608
  • Zip Code: 75032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $695,445
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.2018
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 512,014
  • High Value: 615,354
  • Low Value: 408,674

    Market Valuation

  • Market Total Value: $459,523
  • Market Land Value: $270,250
  • Market Improvement Value: $189,273

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $442,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 19, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15802
  • Previous Sale Recording Date: Nov 15, 2021
  • Previous Sale Contract Date: Nov 10, 2021
  • Previous Sale Amount: $402,000
  • 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 Cove Ridge Estates

Stats & Trends

Median Asking:

$645,000

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

86

Average Home Size

3715 ft²

Average Home Age

-

Currently For Sale

1 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 3116 Oak Drive, Rockwall, TX, 75032

$2,900 /mo

  • 4 Beds
  • 3 Baths
  • 2,904 ft²
3116 Oak Drive, Rockwall, TX, 75032 Listing by Christopher Knox
Unit for rent at 10 Cypress Court, Heath, TX, 75032

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,539 ft²
10 Cypress Court, Heath, TX, 75032 Listing by Dell Osborn

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Amanda Hough, Exalt Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14678886
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 505 Knollcrest Trail built and last sold?
The property at 505 Knollcrest Trail was built in 1990 and last sold on Sep 6, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 505 Knollcrest Trail is $0.
What are some comparable homes to 505 Knollcrest Trail?
There are currently no comparable homes to 505 Knollcrest Trail.
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