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$899,900

278 Cornstalk Road, Rockwall, TX, 75032

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,501 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$257.04 / sqft
Year BuiltBuilt in 1987

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Pavers

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters

Building Information

Garage Spaces2

About this property

LOCATION • VIEWS • PRIVACY • PEACE & TRANQUILITY! Surrounded by multi-million-dollar acreage estates, this truly unique property offers nearly TWO ACRES, an incredible ELEVATED SETTING, an abundance of mature trees and some of the most REMARKABLE & STUNNING VIEWS you'll find anywhere in Rockwall County. The opportunity here is all about LOCATION & POTENTIAL. Bring the existing home back to life with a substantial renovation, or follow the vision of the current owners, who purchased the property with plans to remove the existing home and build a spectacular new estate designed to take full advantage of this exceptional setting and breathtaking views. The established homesite is what makes this property so difficult to duplicate—mature trees, elevation, privacy, surrounding estate properties and a homesite that's already in place. For someone looking to build a $2.5M+ custom estate, this may be the proverbial NEEDLE IN THE HAYSTACK: small-acreage building site offering a country setting while remaining convenient to Heath and Rockwall. The existing home is approximately 40 years old and is currently livable, but buyers should understand that this is a PROJECT PROPERTY. While some may choose to renovate, the home needs significant updating and improvements and may require foundation repairs and other work. The photos show the property's tremendous character and potential, but an in-person visit will provide a much better understanding of the home's current condition. Property lines DO NOT follow the existing fence lines—survey available. Bring your architect, builder and imagination and come experience the views in person. Opportunities like this are increasingly difficult to find. NO HOA • NO CITY TAXES • NEARLY 2 ACRES • MATURE TREES • INCREDIBLE ELEVATION & VIEWS

Investor Tools

$0Estimated Mortgage Balance
$899,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,399 /month
Positive
Cash Flow Estimate:
$1,800 /month

Interested in this property?

Rod Holland

Keller Williams Rockwall

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Rockwall

278 Cornstalk Road | Property Details | No Agent List