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$1,550,000

804 Laurence Dr, Heath, TX, 75032

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths4,135 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$374.85 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 4Bathrooms 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Gas Oven, Microwave
FlooringLuxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Lot Size4.01 acres

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces6

Land Information

APN4110-0000-0012-00-0R
Lot Number12
SubdivisionKings Acres #2
Land UseResidential
Legal DescriptionKINGS ACRES #2, LOT 12, ACRES 4.0053
Census Tract040507
Assessed Land Value$672,890
Assessed Improvement Value$127,110
Assessment Year2025

About this property

Rare Heath acreage with endless possibilities in Rockwall ISD. Set on 4 acres with a pond this home offers the space and privacy you've been looking for. The expansive grounds provide plenty of room for outdoor enjoyment, hobbies, storage, and future possibilities. Ideally situated near Lake Ray Hubbard and convenient to Rockwall, shopping, dining, and major highways, this property combines a peaceful setting with easy access to everything you need. With 5 bedrooms, 3 full baths, 2 flex rooms, expansive sunroom, a detached office with its own private full bath, and 2 shops with electricity, this home has it all.

Investor Tools

$466,921Estimated Mortgage Balance
$393,079Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,300 /month
Positive
Cash Flow Estimate:
$3,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,281/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,068
$800,000
2025
$672,890
$127,110
$800,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,068
$800,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Fha
$478,225
Yes
First
May 2, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$466,921
$393,079
45%
54%
$2,868/mo

City: Heath