NOT LISTED FOR SALE

1288 Somerset Ln Rockwall, TX 75032

Estimated Value: $1,610,000 - $1,672,529

1.56 Acres
$1,059,882 Price per Acre
67,779 Sq Ft Lot

Last Sold August 02, 2019

Current estimated payment $10,241/month

93 Days on Market

Highlights

  • 1.56 Acre Lot
  • Ouida Springer Elementary School Rated A
  • Interior Lot

About This Lot

As of August 2019

Located in the amazing, exclusive gated community of Kingsbridge which is located a few Miles outside of Rockwall in McLendon Chisholm. This amazing lot is 1.5-acre build site, is one of the few in the neighborhood that backs up to a beautiful tree-lined green belt offering both seclusion and tranquility. In this gated community, homes range $600k to over $2 million and you can pick your own Custom Builder. This is an amazing lot and the best one still available in this magnificent neighborhood. Don't miss out and let this one get away!!

Last Agent to Sell the Property

Shelbi Ronnau

Ebby Halliday, REALTORS License #0462367 Listed on: 03/25/2019

Ebby Halliday, REALTORS

Last Buyer's Agent

Don Lord

All City Real Estate, Ltd. Co. License #0533087

All City Real Estate, Ltd. Co.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,134

Lot Details

  • 1.56 Acre Lot
  • Interior Lot
  • Few Trees

HOA Fees

  • $79 Monthly HOA Fees

Schools

  • Ouida Springer Elementary School
  • Cain Middle School
  • Heath High School

Utilities

  • Aerobic Septic System

Community Details

  • Association fees include full use of facilities
  • See Agent HOA
  • Kingsbridge Ph1 Addision Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 33 / B
  • Assessor Parcel Number 000000071028

Property Details

Property Type

Land

Est. Annual Taxes

$15,134

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Restrictions: Deed
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: Subdivided
  • Agricultural Exemption YN: No
  • Special Features: None

Exterior Features

  • Easements: Utilities

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: Aerobic Septic, Electricity Available, Natural Gas Available, See Remarks

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities
  • Association Fee: 950
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: See Agent
  • HOA Management Company: See Agent

Association/Amenities

  • DevelopmentStatus: City Limits, Zoned

Schools

  • School District: Rockwall ISD
  • Elementary School: Ouida Springer
  • Middle School: Cain
  • High School: Heath
  • School District: Rockwall ISD
  • Elementary School: Ouida Springer
  • High School: Heath

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1 to < 3 Acres
  • Lot Features: Acreage, Few Trees, Interior Lot, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 1.5560
  • Parcel Number: 000000071028
  • Lot Size Acres: 1.5560
  • Lot Size Sq Ft: 67779.3600
  • Zoning Description: Residential

Tax Info

  • TaxBlock: B
  • Tax Lot: 33

MLS Schools

  • MiddleOrJuniorSchool: Cain
  • Middle School Name: Cain
  • Elementary School Name: Ouida Springer
  • High School Name: Heath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Jul 31, 2019
Sold by
Medley Beene Thurman J and Medley Beene Barbara
Bought by
Brazeal Franklin and Brazeal Vicki J
Seller's Agent
Shelbi Ronnau
Ebby Halliday, REALTORS
Buyer's Agent
Don Lord
All City Real Estate, Ltd. Co.
List Price
$148,200
Current Estimated Value
$1,633,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.92%

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 26, 2018
Sold by
Hobbs Edward H
Bought by
Beene Thurman J and Beene Barbara Medley
Seller's Agent
Jeff Meinecke
Monument Realty
Buyer's Agent
Shelbi Ronnau
Ebby Halliday, REALTORS
List Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Sep 27, 2016
Sold by
Southside Bank
Bought by
Hobbs Edward H

Purchase Details

Closed on
Oct 19, 2011
Sold by
Kingsbridge Investors Ii Lp
Bought by
Pennock Sean M and Pennock Candace M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,910
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brazeal Franklin -- Capital Title
Beene Thurman J -- None Available
Hobbs Edward H -- None Available
Pennock Sean M -- Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brazeal Franklin $615,707
Closed Brazeal Franklin $615,707
Previous Owner Pennock Sean M $98,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold -- -- --
06/26/2019 06/26/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $148,200 +5.9% --
09/26/2018 09/26/18 Sold -- -- --
09/07/2018 09/07/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $140,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,134 $1,296,338 -- --
2023 $15,134 $1,071,354 $0 $0
2022 $15,721 $973,958 $0 $0
2021 $15,103 $851,780 $127,500 $724,280
2020 $2,327 $127,500 $127,500 $0
2019 $2,433 $127,500 $127,500 $0
2018 $2,328 $120,000 $120,000 $0
2017 $2,192 $110,000 $110,000 $0
2016 $3,248 $163,000 $163,000 $0
2015 $1,837 $95,000 $95,000 $0
2014 $1,837 $95,000 $95,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14050053

North Texas Real Estate Information Systems (NTREIS)

APN: 71028