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$259,900

2316 French St, Fate, TX, 75189

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,664 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.19 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size6,316 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNS5374-000N-0007-00-0R
Lot Number7
SubdivisionWoodcreek Phase 6g
Land UseResidential
Legal DescriptionWOODCREEK PHASE 6G, BLOCK N, LOT 7
Census Tract040405
Assessed Land Value$93,100
Assessed Improvement Value$206,485
Assessment Year2025

About this property

PRICED BELOW TAX APPRAISED VALUE—GREAT OPPORTUNITY IN FATE, TEXAS! Discover this inviting 4-bedroom, 2-bath home offering an exceptional combination of comfort, style, convenience, and value! Recent updates include newly installed laminate plank flooring in the primary bedroom, living room, entry, kitchen, and dining areas, along with fresh interior paint in the living room and primary bedroom, creating a bright, refreshed look. The spacious kitchen features beautiful granite countertops, abundant cabinetry, and a large walk-in pantry for additional storage. The open living and dining areas create a welcoming atmosphere, ideal for entertaining or everyday living. The primary suite offers a comfortable retreat, while three additional bedrooms provide flexibility for guests, a home office, or hobbies. Step outside to enjoy the covered back patio, perfect for morning coffee, outdoor dining, or relaxing in the shade. BONUS - REFRIGERATOR, WASHER, AND DRYER ALL CONVEY WITH THE HOME! Located in the desirable Woodcreek master-planned community, residents enjoy resort-style swimming pools, dog parks, a clubhouse, playgrounds, sports courts, jogging and biking trails, and a fitness center. LOCATION, LOCATION, LOCATION! Exciting new retail development is planned for the area, including a future Target and Kroger Marketplace! Enjoy convenient access to nearby H-E-B, IKEA, shopping, dining, and entertainment in Rockwall, along with recreational opportunities at beautiful Lake Ray Hubbard. Easy access to I-30 makes commuting to surrounding areas and Dallas convenient. With recent updates, fantastic community amenities, growing retail conveniences, and a price below tax appraised value, this home offers an outstanding opportunity in one of Fate's popular communities. DON'T MISS THIS ONE!

Investor Tools

$207,338Estimated Mortgage Balance
$92,247Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,798 /month
Positive
Cash Flow Estimate:
$599 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
$396/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,041
$299,585
2025
$93,100
$206,485
$299,585
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,041
$299,585

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$234,333
No
First
Nov 23, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,338
$92,247
30%
69%
$1,405/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,801/mo
+$1,549/mo
13.4%

City: Fate